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DiDi Global (OTCPK:DIDIY) announced its Q2 2024 results on August 21st. The results are mostly positive with some short-term headwinds on the volume side. DiDi achieved consecutive quarters of positive
DiDi Global: Slower Growth But More Profitable
Summary
- DiDi Global announced positive Q2 earnings with record high transactions and GTV, but domestic transaction volume growth has slowed.
- DiDi's profitability and operational efficiency continue to improve, with strong performance in the China Mobility segment and international volume growth.
- Despite short-term headwinds, DiDi's turnaround is progressing well, with the undervalued stock offering over 55% upside potential from fair value estimate.
I am the co-founder and portfolio manager for a multi-family office with a focus on U.S and Asia markets. I have a bachelor's and master's degree in accounting and finance from one of the top programs in the U.S. I am a CFA Charterholder. Prior to starting on my own, I worked as an analyst at a U.S multi-billion dollar value fund for several years. During this period of time I covered both U.S and Asia equities with no market capitalization restrictions. The industries I am most familiar with are consumers, tech, healthcare, semiconductors, banking and industrials. I have business and investing connections across the world. My circle of connections helps me understand global businesses much better than the average. In my research I try my best to gather complete and accurate information. My source of information includes public filings, industry periodicals, industry conferences and expos, company visits, analyst calls, management meetings, and scuttlebutt research. As a value investor, my investing style has been directly influenced by Warren Buffett, Peter Lynch and Charlie Munger. I have a very flexible investment approach. My investment universe includes growth, GARP, deep value, turnaround, cyclical and special situations. I also search for values across the globe. I am writing on Seeking Alpha because I want to seek intelligent discussions and verifiable disconfirming evidences to my thesis.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of DIDIY 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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