New Street Research - Dada Nexus Ltd (DADA US) DADA 3Q24 Preview: Estimates Remain Intact

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New Street Research

Jin Yoon

DADA 3Q24 Preview: Estimates Remain Intact

What’s New: We maintain our top- and bottom-line estimates for the 2H as overall business could trend in-line with our expectations. We increase our PT from USD1.4 to USD2.0 amid a potential rerating on China stimulus. Our updated PT of USD2.0 implies a 0.06x FY25E EV/Revs. We maintain our NEUTRAL rating.

Analysts:
Jin Yoon

14/10/2024 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.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
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Pan European Telecom Services and Cable

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Analysts

Jin Yoon

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DADA 3Q24 Preview: Estimates Remain Intact

DADA 4Q24 Results: Revs Largely in Line

DADA 4Q24 Preview: Lowering Estimates

DADA 3Q24 Results: Monetization Could Take Some Time

SATS, Carr, and the Art of the No Deal…Yet

Supreme Court Upholds USF Framework but Reform Still Ahead

CMCSA quick hit: Comcast continues to make the right pricing moves

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