研究报告 Research Report 评级 中性 NEUTRAL 现价 US$122.15 目标价 US$130.00 1mth 3mth 12mth 绝对值 -20.8% -4.1% 14.8% 绝对值（美元） -20.8% -4.1% 14.8% 相对 MSCI China -12.3% -30.2% -5.6% [Table_Profit] Rmb mn Dec-22A Dec-23A Dec-24E Dec-25E Revenue 130,558 247,639 414,070 535,334 Revenue (+/-) 39% 90% 67% 29% Adj. Net profit 39,530 67,899 127,708 155,776 Net profit (+/-) 186% 72% 88% 22% Diluted EPADS (Rmb) 27.51 46.56 86.21 105.15 GPM 75.9% 63.0% 63.6% 65.3% ROE 84.0% 72.2% 50.8% 37.6% P/E 32 19 10 8 资料来源：公司信息, HTI 6 Nov 2024 拼多多 ...

This story appears in the November 2024 issue of Forbes Asia. Subscribe to Forbes AsiaColin Huang.Qilai Shen/BloombergThis story is part of Forbes’ coverage of China’s Richest 2024. See the full list here.In August, Colin Huang, the founder of PDD Holdings became China’s richest person with a net worth of $46.9 billion and retained that position for about a fortnight—until the Nasdaq-listed shares of the e-commerce giant tanked nearly 30% in one day as investors got spooked by the company’s forecast of slow ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks G ...

Two recent events are unfolding that we believe warrant investor attention on PDD Holdings' (NASDAQ: PDD ) growing attraction for brands. These can enhance PDD's stickiness over time, drive higher domestic GMV share growth, and maintain its high take rate.Astrada Advisors delivers actionable recommendations that enhance portfolio performance and uncover alpha opportunities, supported by a strong track record in investment research at leading global investment banks. With expertise spanning technology, media ...

Chinese stocks continue to see whipsaw volatility. Shares of Chinese tech and consumer stocks PDD Holdings (PDD 2.90%), GDS Holdings (GDS 0.77%), and Full Truck Alliance (YMM 4.06%) rallied 3.5%, 2.9%, and 6.8% on Tuesday, respectively, as of 12:26 p.m. ET. However, PDD and GDS were much higher in the earlier part of the day. The day was light on company-specific news, but Chinese consumer and tech names broadly rallied on renewed hopes for more stimulus after Beijing's latest measures announced over the pa ...

交银国际研究 财务模型更新 收盘价 目标价 潜在涨幅 美元 124.62 美元 188.00↓ +50.9% 互联网 2024 年 10 月 21 日 拼多多 (PDD US) 百亿减免扶持商家经营，利润稳健增长仍可期 我们调整了拼多多 （PDD US） 的盈利预测及估值。基于近期百亿减免政策陆 续推出，我们下调 3 季度公司收入及利润预测，预计 3 季度利润仍然在约 300 亿元人民币体量。展望 2025 年，GMV 及公司利润仍有望保持双位数增长，我 们将估值调整至 2025 年，基于 13 倍内地电商业务市盈率，目标价下调至 188 美元，维持买入。 百亿减免策略扶持商家经营：3 季度以来公司陆续落地百亿减免政策，扶 持商家经营，包括下调先用后付订单基础技术服务费率 1%至 0.6%、退款 订单基础技术服务费可退还、发货前退货产品推广费自动退还红包至推广 账户、平台承担偏远地区中转费用、下调店铺基础保证金从 1000 元至 500 元人民币等。 3 季度预览：预计 3 季度内地电商 GMV 同比增长 15-20%，预计货币化率 在百亿减免等商家扶持战略下同比保持持平，较此前下调约 40 个基点， 预计调 ...

PDD Holdings Inc. Sponsored ADR (PDD) ended the recent trading session at $127.43, demonstrating a -0.61% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.47% for the day. At the same time, the Dow added 0.79%, and the tech-heavy Nasdaq gained 0.28%.Shares of the company have appreciated by 30.32% over the course of the past month, outperforming the Conglomerates sector's gain of 6.52% and the S&P 500's gain of 3.48%.The investment community wil ...

We are bullish on PDD Holdings (NASDAQ: PDD ) and believe the share price should be valued at least $200/share, implying a 30% upside from the current level.Astrada Advisors delivers actionable recommendations that enhance portfolio performance and uncover alpha opportunities, supported by a strong track record in investment research at leading global investment banks. With expertise spanning technology, media, internet, and consumer sectors in North America and Asia, Astrada Advisors excels in identifying ...

Chinese stocks pulled back again after disappointing trade data led to fears that recent stimulus announcements won't be enough.Shares of Chinese consumer and tech leaders PDD Holdings (PDD -5.81%), Tencent (TCEHY -4.95%), and electric vehicle (EV) leader Li Auto (LI -5.40%) plunged today, down 6.1%, 4.8%, and 4.4%, respectively, as of 12:07 p.m. ET.Chinese stocks had a vicious rally beginning in September with the announcement of general stimulus plans from the government. However, stocks are now pulling b ...

RADNOR, Pa., Oct. 15, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed against PDD Holdings Inc. f/k/a Pinduoduo Inc. ("PDD") (NASDAQ: PDD) on behalf of investors who purchased or otherwise acquired PDD securities between April 30, 2021 and September 12, 2024, inclusive (the "Class Period") The lead plaintiff deadline is October 15, 2024. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered P ...