New Street Research - Pinduoduo Inc (PDD) ... New Street: PDD 1Q22 Results - Committed to Investments in Agriculture Despite Macro Challenges

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New Street Research

Jin Yoon

New Street: PDD 1Q22 Results - Committed to Investments in Agriculture Despite Macro Challenges

What's new: Pinduoduo Inc. 1Q22 results top consensus and our expectations. While near-term outlook could remain challenging amid macro backdrop and supply chain disruptions, PDD remains committed in its agriculture-related investments which could take time to realize. We maintain our PT at USD60.

Analysts:
Jin Yoon

30/05/2022 1 EN

Underlyings

Pinduoduo Inc

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PINDUODUO PDD US

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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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New Street: PDD 1Q22 Results - Committed to Investments in Agriculture Despite Macro Challenges

PDD: 1Q25 Flash - Meaningful Deceleration in Revs; Margins Below Expectations

PDD Holdings (PDD US): 4Q24: Earnings largely in line; revenue miss on Rmb10b fee reduction programme.

Greater China Daily: Friday, March 21, 2025

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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