2024-03-10 21:52:18 ET
Summary
- Full Truck Alliance's actual Q4 2023 operating profit missed the market's expectations due to a significant increase in sales and marketing expenses.
- Moving forward, Full Truck Alliance sees its top line expanding by +25% YoY in Q1 2024, but it also anticipates making meaningful investments in sales and marketing this year.
- I maintain my Hold rating for YMM, after assessing its revenue growth and operating profitability outlook.
Elevator Pitch
I rate Full Truck Alliance Co. Ltd. ( YMM ) stock as a Hold. Previously, I wrote about YMM's near term financial prospects and its long term financial targets in my June 20, 2023 initiation article ....
Read the full article on Seeking Alpha
For further details see:
Full Truck Alliance: Spotlight On Higher Costs