New Street Research - Dada Nexus Ltd (DADA US) DADA 2Q23 Results: 2H Outlook Remains Intact

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New Street Research

Jin Yoon

DADA 2Q23 Results: 2H Outlook Remains Intact

What's new: Dada Nexus’ reported 2Q revs were largely in-line with consensus estimates. Guidance reflects gradual recovery in demand environment as consumption could take time to recover with the lack of direct financial measures from the government. We maintain our PT at USD15 and maintain our BUY rating.

Analysts:
Jin Yoon

17/08/2023 1 EN

Underlying

Dada Nexus Ltd

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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Pan European Telecom Services and Cable

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Analysts

Jin Yoon

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DADA 2Q23 Results: 2H Outlook Remains Intact

DADA 4Q23 Results: Near-Term Visibility Limited Amid Ongoing Biz Adjustments

DADA Findings of Independent Review: Implications to JD.com

DADA 3Q23 Results: Business to Remain Resilient in FY24

Softbank Corp (Buy, TP: ¥2,500, +33%) SoftBank Corp looking to take a majority stake in LY Corp? Our thoughts.

Arista 1Q24: 2024 outlook raised. Strength on all fronts, in line with our thesis. Buy, $315 TP.

1&1 (Buy, €28, +70%) United Internet (Buy, €30, +30%) 1Q24: Spectrum decision imminent; increasing forward visibility

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