DPC Dash (1405 HK): Margin Potential Underappreciated
Consensus underestimates the company's margin upside for FY24 and beyond, which is driven by positive SSSG trend, improving store economics and...
379 Views
Pinduoduo (PDD US): Growth Worries Overdone
Disconnect between strong 4Q results and weak share performance pointed to growth concerns. Valuation expected to improve after growth bottoms out...
378 Views
Meituan (3690 HK): Improving Fundamentals Already in Price
We see signs that its fundamentals are improving, but stock rally means they are largely in price. Investors will shrug off 4Q23 results and use it...
238 Views
Pinduoduo (PDD US): Pricing in an Imminent Slowdown
The market is looking beyond strong 4Q23 and pricing in an imminent slowdown in 1Q24 and renewed concern over potential US curb on TEMU. 30% share...
365 Views
China Airports: Beijing Capital Airport Offers Best Risk/Return Payoff
China outbound travel is set to recover to pre-pandemic levels by year-end, with Beijing Capital Airport offering the best risk/return profile...
291 Views