PDD Holdings

[PDD Holdings (PDD US, BUY, TP US$159) TP Change]: Bargain Valuation, Even if Temu Disappears

555 Views23 Mar 2024 15:19
​PDD beats estimates with improved take rate in China and Temu margin expansion, but future growth may be impacted by potential restrictions in the US. TP lowered to US$159.
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Top Quartile
Blue Lotus Research Institute
China growth and global non-US Internet equities
Hong KongInformation Technology & Consumer DiscretionaryEquity Bottom-UpThematic (Sector/Industry)
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