PDD Holdings' (PDD) stock has suffered a dramatic 33.4% decline in 2024, sending a clear warning signal to investors about the company's prospects. The company's third-quarter 2024 results revealed troubling trends, with revenue growth moderating to 44% year over year, a significant deceleration from 86% growth seen in the second quarter. This slowdown, coupled with management's forthright admission about intensifying competition in the e-commerce sector, suggests further growth deceleration ahead. Manageme ...

Investment Rating - Maintains a "Buy" rating for the company [1][4] Core Views - The company's main site revenue growth has slowed due to intense competition in the e-commerce industry [1] - The company is increasing investments in the supply side, which may pressure short-term profitability but is expected to support long-term growth [1][13] - The company's overseas market is steadily expanding, with TEMU now available in over 80 countries and regions [6] - The semi-hosted model introduced in North America and later in Europe, Japan, and South Korea is expected to partially mitigate overseas regulatory and policy risks [6] - The company's 24Q3 revenue grew by 44% YoY to 99.4 billion yuan, with marketing service revenue increasing by 24% and transaction service revenue growing by 72% [11] - The company's 24Q3 non-GAAP net profit increased by 61% YoY to 27.46 billion yuan, with a non-GAAP net margin of 27.6% [11] Revenue and Profit Forecasts - The company's 2024-2025 revenue forecasts are revised down to 3970/4771 billion yuan (previously 3990/4863 billion yuan), representing YoY growth of 60%/20% [1] - The company's 2024-2025 non-GAAP net profit forecasts are revised down to 1231/1380 billion yuan (previously 1282/1553 billion yuan), representing YoY growth of 81%/12% [1] Overseas Expansion - TEMU has been launched in over 80 countries and regions, with the semi-hosted model introduced in North America, Europe, Japan, and South Korea [6] - The company is focusing on compliance and building a healthy business environment for long-term overseas development [6] 24Q3 Performance - 24Q3 revenue grew by 44% YoY to 99.4 billion yuan, driven by a 24% increase in marketing service revenue and a 72% increase in transaction service revenue [11] - 24Q3 non-GAAP net profit increased by 61% YoY to 27.46 billion yuan, with a non-GAAP net margin of 27.6% [11] - The company's revenue growth was impacted by increased competition and internal investments [11][13]

PDD Holdings Inc. Sponsored ADR (PDD) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this company have returned -15.1% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks Diversified Operations industry, to which PDD Holdings Inc. Sponsored ADR belongs, has lost 2.3% over this period. Now the key question is: Where could the stock be heade ...

The Chinese company, however, faces increased scrutiny from U.S. officials, and risks posed by tariffs which the incoming Trump administration has promised to raise.Temu, which ships cheap goods from China, first entered the U.S. market in 2022. It has taken the market by storm, putting pressure on incumbent heavyweight Amazon .Apple's iOS accounts for over 56% of U.S. mobile phone market, according to data from StatCounter.ByteDance's TikTok came in third in the ranking despite doubts over its ability to c ...

PDD TodayPDDPDD$102.27 -2.39 (-2.28%) 52-Week Range$88.01▼$164.69P/E Ratio9.99Price Target$173.40Add to WatchlistDespite explosive revenue growth in 2024, PDD’s NASDAQ: PDD share price has not fared well. Shares are down 29% on the year as of the December 12 close. Shares were crushed following the company’s past two earnings releases after missing estimates on sales. Metrics now show the stock is much cheaper than at 2024's start. So, have expectations been reset to a more reasonable level to warrant a re ...

In the context of China’s 36-months long-running bear market, PDD Holdings Inc. (NASDAQ: PDD ) formerly known as Pinduoduo, has seen its stock price decrease by 50% since its peak in February 2021 despite outstanding operational performance. As we willMy aim is to be an investor that beats the S&P 500 in the long-term with the goal to become financially independent by 2035. My 10X goal is to manage 10m$ investment portfolio, focused on stocks and real estate. I’m not here to predict the next meme stock or g ...

Yesterday, Seeking Alpha News reported that PDD Holdings (NASDAQ: PDD ) and Shein were both preparing for the Holiday season with deep discounts on toys and products offered by U.S. vendors. TheAnalyst’s Disclosure: I/we have a beneficial long position in the shares of BABA, PDD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship wi ...

PDD Holdings (PDD) has witnessed a decline of 5.1% since its third-quarter earnings release on Nov. 21, signaling growing investor concerns about the company's future prospects. While the Chinese e-commerce giant reported 44% year-over-year revenue growth to RMB99.4 billion ($14.16 billion), the sequential growth momentum has notably decelerated, raising red flags about the company's ability to maintain its historic growth trajectory.Share Price MovementImage Source: Zacks Investment ResearchIntensifying Co ...

证券研究报告·海外公司点评·互联网电商 拼多多（PDD） 2024Q3 业绩点评：收入利润均低于预期，投 入增加导致盈利能力有所下滑 2024 年 11 月 27 日 买入（维持） | --- | --- | --- | --- | --- | --- | |-------------------------------|---------|----------------------------|---------|-------------------|---------| | [ 盈利预测与估值 Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 130,558 | 247,639 | 400,896 | 510,307 | 611,012 | | 同比（ % ） | 39.0% | 89.7% | 61.9% | 25.9% | 19.7% | | Non-GAAP 净利润 | | 39,529.7 67,899.2 12,119.3 | | 14,862.7 18,171.0 | | | 同比（ % ） | 185. ...

[Table_StockInfo] 2024 年 11 月 22 日 证券研究报告•2024 年三季报点评 买入 （维持） 当前价：104.09 美元 拼多多（PDD.O）互联网零售 目标价：——元（6 个月） 加大平台生态&海外合规投入，立足长远发展 [Table_Summary 事件：拼多多公告] 2024Q3财报，24Q3单季实现营收 993.5亿元（YoY +44%）； 归属于普通股股东的 Non-GAAP 净利润为 274.6亿元（YoY+61%），营收利润 均低于市场预期，主要受国内主站平台生态投入增加、海外合规额外投入、海 外半托管占比提升等的影响。截至 24年 9月底，拼多多现金、现金等价物和短 期投资为 3085亿元（VS 截至 24年 6月底为 2849亿元，截至 23年 9月底为 2028 亿元），公司账上现金充沛且继续提升。 在线营销服务收入如期增长，交易服务收入低于预期。分业务板块看：①在线 营销服务实现营收 493.5亿元（YoY +24%），贡献近 50%的收入。②交易服务 实现营收 500亿元（YoY +72%），收入降速主要受：拼多多主动下调国内主站 先用后付&退款订单佣金率 ...