bearish

PDD Holdings

Pinduoduo: Cost Cutting Wearing Out, Margins Heading Towards Our Steady State Target of 6-7%

259 Views21 Mar 2023 16:55
Expecting consensus to downgrade expectations substantially over the next few years, we don’t think it is worthwhile paying up to 45.0x FY+2 OP (on steady-state OP margin estimate) for Pinduoduo at
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Oshadhi Kumarasiri
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LightStream Research
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