bearish

PDD Holdings Inc

Pinduoduo (PDD US): Spectacular 3Q, Tough Outlook

PDD's spectacular 3Q results will prove unsustainable. Near term earnings risk and long term multiple compression render the payoff of this US$100 billion company mediocre. Prefer Alibaba over PDD.

Equity Bottom-Up
417 Views, 02 Dec 2022 14:37
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Eric Chen
Greater China Equity Long/Short Analyst
Information Technology & Consumer DiscretionaryEquity Bottom-UpThematic (Sector/Industry)
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