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DDL - Dingdong: High-GMV Fresh On-Demand E-Commerce Player; Profitability And Costs Are Key
Dingdong (Cayman) Limited American Depositary Shares (each two representing three)
Dingdong has maintained high growth over recent years, achieving the largest GMV and user base in the sector.
High costs and increasing competition with top players and fragile business models are the main risks.
Impacted perhaps by Missfresh's bad performance on IPO day, Dingdong reduced its ADS listing amount just before its IPO, which may become the reason why investors are negative.
Though investors are negative now, we still believe the stock is undervalued.