PDD Holdings Inc ADR

PDD: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$787.00	Qndtpzl	Njxvrhlrk

PDD Earnings: Fair Value Estimate Slashed by 26%, but Shares Still Cheap

Chelsey Tam

Aug 27, 2024

Narrow-moat PDD Holding, or PDD, missed the LSEG revenue forecast by 3% but beat consensus operating profit by 14% in the second quarter. However, share price declined 29% after the results release as management gave pessimistic guidance on future growth and margin and has no plans for dividends or share buybacks in the next few years.

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