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《大行報告》野村上調拼多多(PDD.US)目標價至169美元 Temu為收入新驅動力
阿思達克 11-29 11:48
野村發表報告指出,拼多多(PDD.US)第三季業績再次遠勝預期,收入按年增長94%,盈利增長35%,高過市場預期的25%及32%。然而,毛利率按年收窄18個百分點至61%,按季跌3個百分點,較市場預測的64%低3個百分點,或是基於採用寄售模式的TEMU的收入份額增加。 此外,拼多多第三季線上行銷服務收入按年增長39%,高過該行預期的37%;包括來自TEMU等的交易服務收入飆3倍,佔其總收入的42%。 該行認為TEMU為拼多多收入新驅動力,對公司目標價由111美元上調至169美元,維持「買入」評級。
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