lolmei
01-24

$Pinduoduo Inc.(PDD)$ I don’t think PDD will be included in buybacks since it has consistently exceeded analysts estimates and growing much faster than its rivals. That being said, I’m holding on tight to my shares because their revenue rose 94% YoY to 68.84 billion yuan ($9.44 billion), beating analysts’ estimates by $2.02 billion. Their adjusted net income climbed 37% to 17.03 billion yuan ($2.33 billion), or $1.55 per share, clearing the consensus forecast by $0.39 1, and their stock surged 18% in Nov., after the earnings report was released. $PDD has said they plan to spend nearly all revenue on R&D and marketing, meaning no plans for buybacks, dividends, etc (common with growing tech companies) but investors should feel confident seeing future growth based upon their current and recent performance, current market conditions and top analyst price target forecasts which have even been underestimated for the past 6 events.

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Comments

  • zoomzi
    01-25
    zoomzi
    Agreed! PDD is crushing it! 🚀
  • KSR
    01-24
    KSR
    👍
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