Foreign banks are discussing pdd holdings: what does the 'smashing the plate' phone meeting mean?
Morgan Stanley believes that the comments on the long-term profit decline are too negative; Citigroup suggests that it may be to manage investor expectations; Goldman Sachs still bullish on the long-term growth prospects of pdd holdings, while Bernstein believes that healthy and sustainable growth is actually a 'good thing'.
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The European and American stock markets have risen slightly, with Ctrip's pre-market trading up more than 10% and PDD Holdings up 1.5%.
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①IBM has confirmed the closure of its research and development department in China; ②Apple will hold a product launch event on September 9th local time, with new devices such as the iPhone 16 expected to be released; ③French President Macron: the arrest of the Telegram founder is by no means for political reasons.
Goldman Sachs remains bullish on PDD Holdings: Q2 growth is still one of the fastest, the PE ratio below 10 reflects concerns, even Temu did not provide valuation.
Goldman Sachs strongly supports PDD Holdings, believing that a P/E ratio of less than 10 times already reflects concerns about intensified domestic competition and geopolitical issues, and the continued growth momentum of PDD Holdings. It gives a buy rating and sets a 12-month target price of $184.
US stocks close: Dow hits new high, technology stocks drag S&P and Nasdaq down, pdd holdings plunges nearly 30%.
① The three major indices rose and fell unequally; ② Semiconductor stocks generally declined, with the PHLX Semiconductor Index down 2.51%; ③ Most popular China concept stocks closed lower, with PDD Holdings plunging over 28%; ④ Apple will hold a product launch event on September 9th local time, and new devices such as iPhone 16 are expected to be released.
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