Baicha Baidao's profit model faces challenges due to rapid expansion, leading to declining profitability/market attractiveness, potentially impacting future financial performance/post-IPO valuation.
Boomeranged on Tue, 23 Apr 2024 09:52
Baicha Baidao's valuation/stock price has collapsed faster than we expected. This precisely indicates that the market/investors do not recognize the company's business model. So, they are pessimistic about the future business prospects. For companies without core competitiveness (such as strong self-owned supply chains, etc.), even if the stock price rebounds, there is no long-term holding value.
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