Account Info
Log Out
English
Back
No matches yet
Operations too frequent. Please try again later.
Please check network settings and try again Refresh Refresh
Loading
History record delete
    Quotes All >
      News All >
        Log in to access Online Inquiry
        Back to the Top

        CLSA Adds PDD TP to US$167; 3Q23 Results Beat

        CLSA issued a research report saying that PDD continued to beat expectations in 3Q23, with total revenue growing 93.9% YoY to RMB68.8 billion and adjusted net profit increasing 36.8% YoY to RMB17 billion, 13% and 34% above CLSA's expectations, respectively.

        Improved consumer confidence, a new high-quality growth strategy, and Temu's stellar performance benefited the Company's revenue.

        In addition, CLSA raised its adjusted net profit forecasts for PDD Holdings Inc. by 10% and 4% for 2023 and 2024 to reflect strong revenue and the earnings beat. CLSA also added its target price to US$167 from US$114, with rating at Buy.
        Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
        1
        +0
        Translate
        Report
        17K Views
        Comment
        Sign in to post a comment
          1161Followers
          8Following
          8211Visitors
          Follow