《大行報告》大華繼顯升拼多多(PDD.US)目標價至173美元 為Temu推動新一輪復甦增長做好準備
大華繼顯發表報告指出,隨著拼多多(PDD.US)商品交易總額(GMV)增長和市場拓展的快速進展,公司正加強開發旗下跨境電商平台Temu的供應鏈網絡。然而,公司急速擴張亦引來愈來愈多的擔憂,主要是Temu的盈利能力及可能出現的政治風險。
該行認為,基於Temu第三季出色表現,該行將Temu的貢獻納入拼多多的估值之中。由於Temu收入貢獻迅速提升,相信拼多多為Temu推動新一輪復甦增長做好準備,該行將拼多多今明兩年的收入預測上調各10%;料明年拼多多收入按年增長43%,純利達至700億元人民幣。維持對公司「買入」評級,目標價由150美元上調至173美元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.