Didi Global Poised for Domestic Earnings Growth, Reduction in Overseas Losses -- Market Talk

Dow Jones10-17

0903 GMT - Didi Global is poised for strong domestic business earnings while reducing overseas losses in the coming years, Daiwa analysts Robin Leung and John Choi write in a research note. China's ride-hailing giant, which held about 70% market share in 2023, is expected to achieve a 39% compound annual growth rate in EBITA for its domestic mobility business from 2024 to 2026, Daiwa says. The company's extensive network has made it a trusted name in ride-hailing in China, Daiwa adds. The analysts forecast a reduction in international losses, with international gross transaction volume projected to reach 50% in the long term. Daiwa maintains a buy rating, with a target price of $6.5 for its ADRs, which last traded at $4.82. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

October 17, 2024 05:03 ET (09:03 GMT)

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China's ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DIDIY","symbol_name":"DiDi Global Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2476684118","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476684118","pubTimestamp":1729155780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0903 GMT - Didi Global is poised for strong domestic business earnings while reducing overseas losses in the coming years, Daiwa analysts Robin Leung and John Choi write in a research note. 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