New Street Research - Pinduoduo Inc. Sponsored ADR Class A (PDD) ... PDD 3Q24 Results: Investments to Drag Near Term Margins

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New Street Research

Jin Yoon

PDD 3Q24 Results: Investments to Drag Near Term Margins

What’s new: PDD’s reported 3Q24 results that were below consensus and our expectations. PDD will continue to invest substantial resources to support high-quality merchants on the platform which may drag margins in the near term. We maintain our PT at USD150.

Analysts:
Jin Yoon

22/11/2024 1 EN

Underlyings

Pinduoduo Inc. Sponsored ADR Class A

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US7223041028 NASDAQ Stock Market Cayman Islands

PINDUODUO PDD US

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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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Analysts

Jin Yoon

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PDD 3Q24 Results: Investments to Drag Near Term Margins

PDD Holdings (PDD US): 3Q24: Earnings and revenue miss; competitive and profitability headwinds persist.

Greater China Daily: Friday, November 22, 2024

3Q24 Broadband Trends: FWA capacity limits; FWA demand limits

Gen AI Big Idea Series - Chipletz CEO Bryan Black - Smart Substrate & the Multi-Chip-Module revolution

Indian Mobile Q2 FY25 review: Renewed acceleration off tariff hike, FWA development very positive

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