You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行》花旗升拼多多(PDD.US)目標價至168美元 維持「買入」評級
阿思達克 08-26 11:54
花旗發表研究報告指出,拼多多(PDD.US)公布的淨利潤超出預期(按年下降5%,相較於該行及市場共識預估跌42%、跌35%),歸因於低於預期的銷售與市場推廣費用(按季下降18.5%,按年增長4%),但管理層多次提醒投資者,因公司致力於商家支持,2025年第二季度利潤不可持續,花旗將此解讀為管理預期並保持「低調」。 花旗又認為,關於跨境電商平台Temu與本地供應商合作開展本地化營運,以及加強物流服務的評論,可能暗示其將進軍歐洲、美國和巴西等市場;修訂預估後,將拼多多目標價從154美元調整至168美元,相當於修訂後的2026年每股盈利預測13倍(之前14倍),維持「買入」評級。 根據最新業績和財報電話會議評論,花旗將拼多多2025至2027年收入預測,分別下調0.1%、0.2%、0.8%,分別至4,290億、4.840億、5,470億元人民幣,並將Non-GAAP淨利潤預測分別上調26.5%、15.9%、12.1%,分別至1,120億、1,380億、1,690億元人民幣。
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.
uSMART
Wealth Growth Made Easy
Open Account