PDD Holdings: The Next Chinese Winner You Should Know About

Feb. 17, 2024 6:51 AM ETPDD Holdings Inc. (PDD) Stock, , , , , 44 Comments
PropNotes
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Summary

  • PDD Holdings has surged since the pandemic, growing sales and profits like a weed on the back of its well-positioned portfolio of ecommerce apps.
  • With a unique buying model, a strong balance sheet, and recent success in growing Temu internationally, PDD appears set to continue growing the bottom line over the next several years.
  • Despite its potential, PDD's stock trades at a significant discount to our Fair Value estimates, which presents an opportunity for investors.
  • With a solid level of price momentum in shares, it's time to strike while the iron is hot.
  • We rate PDD a "Strong Buy".

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AsiaVision

Unless you've been focused on China from an investment perspective over the last few years, it's entirely possible that you haven't heard of PDD Holdings (NASDAQ:PDD) up until this point.

In years' past, the company has often played second fiddle to

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of 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 with any company whose stock is mentioned in this article.

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