PDD - 'Election Risks And Potential Tariffs' Among Other Geo-Political Issues Impacting Temu's Parent PDD Says Analyst: 'Leading Many To Attach Zero Or Even Negative Value' | Benzinga
The stock of PDD Holdings Inc (NASDAQ:PDD), the parent company of Temu, is currently trading at its lowest level ever. This is despite the company’s robust growth and performance in the e-commerce sector.
What Happened: PDD’s stock is currently at 13 times the expected earnings for the next year, which is only half the valuation of the Nasdaq 100. This is despite the company’s impressive 43% surge from its March low, reported Bloomberg.
The company’s success in pushing its budget e-commerce model into overseas markets has led to more than tripled earnings in the March-ended quarter.
"People are worried about election risks and potential tariffs coming for PDD, leading many to attach zero or even negative value to Temu," said Shuyan Feng, deputy general manager for investment management at Huatai Asset Management in ...