bearish
PDD - Strong (And First Ever) Profit in Q2 2021 but Likely Transient
212 Views25 Aug 2021 05:18
PDD posted its first quarterly profit since listing and committed to re-invest net profits towards a new RMB10bn Agriculture Initiative. We discuss why the strong profit may not repeat in H2 2021.
SUMMARY
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Jason Yap, CFA
Forensic Analyst
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