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.
Investment Thesis
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Buy DiDi Global As Turnaround Has Not Been Recognized By Investors