Account Info
Log Out
English
Back
Download
Log in to access Online Inquiry
Back to the Top
Temu-Owner PDD Holdings is surging: What happens next?
Event Description
Ended
Shares of PDD Holdings($PDD Holdings (PDD.US)$) were up 16.1% as of 2:59 p.m. ET on Tuesday after the company reported better-than-expected Show More
Shares of PDD Holdings($PDD Holdings (PDD.US)$) were up 16.1% as of 2:59 p.m. ET on Tuesday after the company reported better-than-expected earnings results for the second quarter. Revenue grew 66% year over year to $7.2 billion, while adjusted net profit grew 42% to $2.1 billion. The quarter bolstered investors' confidence in economic recovery, sending the stock up from its recent slump.

The company's key growth engine is Pinduoduo, which benefits from focusing on higher-quality agriculture production to bring better products to customers. It's also a plus that the company is supporting increases in research and development expenses while also reporting a healthy profit. PDD's high rate of profitable growth appears undervalued. The stock trades at a low forward price-to-earnings ratio of 21.6 relative to underlying business growth. That is lower than the average stock in the S&P 500, which trades at a P/E multiple of 25.

🎙️Q:
1. Would you invest your money in PDD?
2. How do you interpret recent stock market movements?

View disclosures here.
Views
53K
Posts
20
Join event
Latest
Hot
Related Stocks
  • PDD
    PDD Holdings
    100.690
    +0.62%
  • .SPX
    S&P 500 Index
    5987.370
    +0.30%
  • NQmain
    E-mini NASDAQ 100 Futures(DEC4)
    20875.500
    -0.02%
Related News
Show More
Related News
Show More