Temu-Owner PDD Holdings is surging: What happens next?

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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 e 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?

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Moo Earnings

Aug 29, 2023 06:31

PDD Holdings Q2 2023 earnings conference call

Temu-Owner PDD Holdings is surging: What happens next?

Yao En

Aug 30, 2023 21:57

PDD's are good. It volumn is increasing could be Funds' allocation august quarter closing. China is also boosting their economy with foreign sellings in billions yuan outflow.

Temu-Owner PDD Holdings is surging: What happens next?

lightfoot

Aug 30, 2023 16:51

Well I am a trader not an Investor. Those days are long gone. Do hour diligence if going long

Temu-Owner PDD Holdings is surging: What happens next?

Wilhelm

Aug 30, 2023 12:30

Great follow through for PDD, Goldman upgrade certainly helps.

Temu-Owner PDD Holdings is surging: What happens next?

GAME_DAY

Aug 30, 2023 11:48

Current watch ⚡️

$Ambarella(AMBA.US)$ $Digital Brands Group(DBGI.US)$ $NanoVibronix(NAOV.US)$ $PDD Holdings(PDD.US)$ $UP Fintech(TIGR.US)$ $Centene(CNC.US)$ $Conn's(CONN.US)$ $Xiao-I(AIXI.US)$ $Alarum Technologies(ALAR.US)$ $TG Therapeutics(TGTX.US)$

Temu-Owner PDD Holdings is surging: What happens next?

timotheuseugene

Aug 30, 2023 08:03

hmmmm

Temu-Owner PDD Holdings is surging: What happens next? 49K Views· 20 Posts

Temu-Owner PDD Holdings is surging: What happens next?

moneyworkhard

Aug 30, 2023 00:41

with such +ve % gains, not surprising for pdd price to shoot up. need a lot of effort to sustain this till year end esp when china economy recovery Subject is mentioned. I'm optimistic on this, keeping fingers crossed many other Chinese adr's can follow suit.

Temu-Owner PDD Holdings is surging: What happens next?

102823688

Aug 29, 2023 21:53

the best too moomoo

Temu-Owner PDD Holdings is surging: What happens next?

Shak1968

Aug 29, 2023 15:55

pdd stock forecast

Temu-Owner PDD Holdings is surging: What happens next?

Aknj

Aug 29, 2023 13:04

$PDD Holdings(PDD.US)$ will this drop hard or fly more hmmmmmm im staying out to observe

Temu-Owner PDD Holdings is surging: What happens next?

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