$PDD Holdings Inc(PDD)$ The 5% growth projection seems overly pessimistic. [LOL][LOL]
And despite warnings of slowing growth, PDD's Q2 2024 revenue still jumped 86% YoY to $13.4 billion.
Their innovative Temu platform is also disrupting global e-commerce + $PDD's focus on agricultural tech shows long-term vision. [Tongue][Tongue]
PDD sits at a forward P/E of just 7.12 compared to the industry's 14.66 -to me that's a first sign of undervaluation.
The one thing I would keep an eye on is the increasing competition and geopolitical tensions affecting Chinese stocks.
Otherwise I think PDD does not look bad at all.[Wow][Wow][Wow]
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