PDD Holdings

Pinduoduo(PDD US): Growth Stock Priced as Value Play

Eric has highlighted this Insight as a Top Pick
380 Views20 May 2024 06:00
We forecast 1Q24 earnings to double yoy which is significantly higher than consensus. In addition, projected 90% yoy earnings growth for FY24 makes its ~10 P/E highly attractive. We see 50%+ upside.
What is covered in the Full Insight:
  • 1Q24 Earnings Projection
  • Growth Strategy and Performance of Domestic E-Commerce Business
  • Performance and Expectation of TEMU
  • Role of Duoduo Mai Cai in Growth
  • Projection for FY24 and Valuation
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Full Insight
(Paid Plans Only, 3-minute read)
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Eric Chen
Greater China Equity Long/Short Analyst
ChinaInformation Technology & Consumer DiscretionaryEquity Bottom-UpThematic (Sector/Industry)
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