BABA - PDD Holdings: The Next Chinese Winner You Should Know About
2024-02-17 06:51:30 ET
Summary
- PDD Holdings has surged since the pandemic, growing sales and profits like a weed on the back of its well-positioned portfolio of ecommerce apps.
- With a unique buying model, a strong balance sheet, and recent success in growing Temu internationally, PDD appears set to continue growing the bottom line over the next several years.
- Despite its potential, PDD's stock trades at a significant discount to our Fair Value estimates, which presents an opportunity for investors.
- With a solid level of price momentum in shares, it's time to strike while the iron is hot.
- We rate PDD a "Strong Buy".
Unless you've been focused on China from an investment perspective over the last few years, it's entirely possible that you haven't heard of PDD Holdings ( PDD ) up until this point.
In years' past, the company has often played second fiddle to ecommerce giants such as Alibaba ( BABA ) and JD ( JD ), given its smaller and more niche ecommerce presence and apps....
PDD Holdings: The Next Chinese Winner You Should Know About