2024-06-15 09:17:25 ET
Summary
- PDD Holdings shows strong momentum and fast-growing operations with a relatively low multiple due to geopolitical risks.
- The business generates compounding power through network effects, leading to fast growth and economies of scale.
- PDD has significant cash reserves that offer upside optionality for growth, but investors should be aware of the inherent risks of Chinese tech stocks.
Unlike several peers in the Chinese tech space, shares of PDD holdings ( PDD ) have continued to show strong momentum on the back of fast-growing operations, while maintaining a relatively low multiple due to geopolitical risks....
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PDD: Untapped Growth Engine With Hidden Cash Potential