To The Moon

Yesterday (28/11), Pinduoduo (PDD) beat Wall Street estimates for Q3, helped by COVID-related lockdowns in the country that forced consumers to shop online. PDD’s revenue increased 65% to 35.50 billion yuan ($4.99 billion) in Q3 surpassing estimates of 30.94 billion yuan, according to Refinitiv data.

Analysts’ reviews are positive🎉🎉🎉

⭐️ Earnings & revenue estimates are projected to increase in FY 2023🥳

⭐️ EPS have been growing steadily🤗

⭐️ 3 buy ratings, 1 outperform & 1 equal to overweight rating, & 1 hold to buy rating

⭐️ Stock price forecast ranges from $60.71-$122.60, with a median price of $83.06.

Other e-commerce peers JD.com & Alibaba also point to a recovery in the Chinese market. posted an 11.4% rise in Q3 revenue last week & said that it was seeing signs of a consumption recovery. reported 3% revenue growth for their Q2.

$Pinduoduo Inc.(PDD)$ jumped more than 12% yesterday & it helped to boost investors’ optimism in $JD.com(JD)$ & $Alibaba(BABA)$ & they were trending upwards before the VIX increased once again, shaving off their initial gains. This was contrary to the 🐻-ish sentiments in the 🇭🇰 market where JD & BABA were down 4.33% & 3.41% yesterday. $Bilibili Inc.(BILI)$ will release earnings today & it’s likely to rally before the earnings are released.

Which e-commerce stock are you bullish for fellow 🐯🐯🐯❓ Do share your thoughts in the comments section & please help to click on the “Like” & “Share/Repost” buttons, so that more 🐯🐯🐯 can access this information, many thanks🤗🥰

As usual-🤔💭 Consider POV & Actions of investors + 👩🏻‍💻👨🏻‍💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰

Source Websites: Reuters, Yahoo, & CNN business. 

@TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion (29/11)