Professional
Added to YB: 2024-02-06
Pitch date: 2024-02-06
PDD [bullish]
PDD Holdings Inc.
-33.57%
current return
Author Info
GreenWood Investors is a bottom-up, mostly long, concentrated and constructivist global investment firm focused on areas of pessimism, structural inefficiencies and low competition. Sign up for the newsletter.
Company Info
PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. The company operates Pinduoduo platform, which provides various product categories and interactive shopping experiences; and Temu, an online platform, which enables merchants to streamline their manufacturing and commercial operations.
Market Cap
$785.6B
Pitch Price
$124.07
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.27
P/E
8.87
EV/Sales
0.74
Sector
Broadline Retail
Category
value
Greenwood Investors new position - PinDuoDuo ($PDD)
PDD: Disruptive China marketplace uninvestable for West due to no guidance/investor talks, erratic earnings. Diligence validated direct-selling edge; Temu startup losses temporary from heavy digital ads but overtaking Shein globally. Bought PDD at negative Temu valuation on China pessimism.
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