2024-05-24 12:03:44 ET
Summary
- Full Truck Alliance's Q1 2024 financial results were better than expected, with its top line and bottom line expanding by +33% and +50%, respectively on YoY terms.
- YMM's potential shareholder yield could be as high as 4.5% as per my estimates.
- I revise my rating for the stock from a Hold to a Buy, following an evaluation of the company's financial performance and shareholder capital return.
Elevator Pitch
My investment rating for Full Truck Alliance Co. Ltd. ( YMM ) stock is a Buy.
Earlier, I touched on Full Truck Alliance's Q4 2023 financial performance in my prior write-up published on March 10, 2024. This latest article reviews YMM's Q1 2024 financial results and analyzes the company's shareholder capital return....
Read the full article on Seeking Alpha
For further details see:
Full Truck Alliance: Turning Positive On Results Beat And Attractive Shareholder Yield (Rating Upgrade)