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DIDIY - Buy DiDi Global As Turnaround Has Not Been Recognized By Investors
DiDi Global Inc. American Depositary Shares (each four representing one Class A)
2024-03-08 03:25:47 ET
Summary
DiDi Global, China's largest ride-hailing company, has steadily regained its footing after a tumultuous period of regulatory scrutiny and delisting.
Despite positive business fundamentals, DiDi's stock price remains undervalued, with an upside potential of over 100% based on EV/EBITDA metrics.
DiDi's turnaround is attributed to the reinstatement of its app on domestic app stores, resulting in a rebound in market share and significant financial progress.