BABA - PDD Holdings: A Good GARP Stock Made Even Better By Stable Margins
2024-04-30 14:45:53 ET
Summary
- PDD Holdings Inc. delivered a strong quarter, beating profit expectations on both lines.
- What really surprised me was the cost-control measures and stable margin amid Temu’s rapid expansion.
- The recent stock price decline, combined with its growth potential and stable margins, presents a textbook GARP (growth at reasonable price) opportunity.
PDD stock is a good GARP opportunity
PDD Holdings Inc. ( PDD ) just delivered a strong quarter. According to its recent 2023 Q4 press release , its profits beat expectations on both lines. Its EPS (on a non-GAAP basis) dialed in at $2.40 per ADS, beating market expectations by a wide margin of $0.75. Its revenue totaled $12.52B, also beating market expectations of $1.68B....
PDD Holdings: A Good GARP Stock Made Even Better By Stable Margins