Mark PDD on your calendars? TEMU is Spending Aggressively & Losing Money

Ryan_Z0528
2023-11-24

Heeeeads UP!

$Pinduoduo Inc.(PDD)$ will release earnings on November 28.

This could be the most surprising Chinese ER of the season.

$Alibaba(BABA)$ , $JD.com(JD)$ and others easily beat the downbeat estimates.

Most CN investors expected that.

$Pinduoduo Inc.(PDD)$ faces accusations that TEMU is spending aggressively and losing money.

Temu, PDD's overseas e-commerce platform, aims for a 2024 gross merchandise value of $30B-double its 2023 forecast. To achieve this, Temu plans to spend $2-3B on marketing and increase its online ad budget significantly.

Read more: How Much Did the Temu from $PDD Spend on META?

ImageImage

Will they meet or beat estimates as they scale TEMU's business?

Temu $Pinduoduo Inc.(PDD)$ vs AliExpress $Alibaba(BABA)$ in the US

ImageImage

This was from JPM in October. The profit side of TEMU seems wildly optimistic no?

ImageImage

Revenue will definitely be strong, but earnings could be a nail-biter! Mark it on your calendars!

The analysts’ average price target for $Pinduoduo Inc.(PDD)$ Holdings is $125.53. $Pinduoduo Inc.(PDD)$ is worth in the $120-150 range?

💰 Stocks to watch today?(25 Nov)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Twelve_E
    2023-11-24
    Twelve_E

    $拼多多(PDD)$ . currently has an average brokerage recommendation (ABR) of 1.23, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 11 brokerage firms. An ABR of 1.23 approximates between Strong Buy and Buy.

    Of the 11 recommendations that derive the current ABR, nine are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 81.8% and 9.1% of all recommendations.

    Brokerage Recommendation Trends for PDD

    Broker Rating Breakdown Chart for PDD

  • xXxZealandxXx
    2023-11-25
    xXxZealandxXx
    Temu [Bless] absoluetly love it,
  • Tangan
    2023-11-26
    Tangan
    Thanks
  • Tom Chow
    2023-11-26
    Tom Chow
    good
  • AuntieAaA
    2023-11-25
    AuntieAaA
    GOOD
  • KSR
    2023-11-25
    KSR
    👍
Leave a comment
6
207