pdd holdings launches the second round of "Super Double Subsidies" with a subsidy of billions. The first round had an order volume exceeding 16.4 million orders.
On October 28th, this year's Singles' Day mega promotion is about to enter its peak period. pdd holdings' billion subsidy officially launches the second round of super double subsidy activity, focusing on subsidizing explosive popular single products in categories such as phones, electronics, home appliances, beauty, and skincare. A large number of products will have an additional 50% off on top of the billion subsidy daily price, continuing to boost merchants' and brands' sales to new highs, while providing more genuine and good products for the better life of consumers. It is understood that the second round of the "Super Double Subsidy" activity will continue from 10:00 on October 28th until 10:00 on November 4th. Consumers only need to open the pdd holdings app, click on the billion subsidy, and enter the "double subsidy".
Daiwa Securities: Bullish on mainland e-commerce sector, sequentially optimistic about pdd holdings, jd.com, and Alibaba.
Morgan Stanley's report pointed out that China's debt, population, and deflation issues remain challenging, especially with the ongoing debt and deflation cycle issues, particularly in the case of underperforming consumer stimulus measures. The bank believes that with the rebound of the Chinese market behind us, the Chinese e-commerce industry will still face many uncertainties in the next two years. Due to a lack of strong consumer stimulus, consumer confidence may take longer to recover. However, on the other hand, the policy of replacing old appliances with new ones has driven sales in September and October, indicating that consumer confidence is more resilient than expected. In a bullish scenario, the bank predicts that the e-commerce industry will engage in commodity trading by 2025.
CICC raised the target price of pdd holdings (PDD.US) to $227 and rated it as 'outperforming the market'.
Morgan Stanley has lowered pdd holdings (PDD.US) profit forecast for the year by 3%, mainly due to the short-term profit pressure caused by Temu's semi-hosted model (HCM). Based on a 15 times pe forecast for 2025, the target price has been raised from $224 to $227, reiterating its 'outperform' rating. Morgan Stanley expects Temu's rapid growth to continue, with its revenue contribution expected to reach half of the group's level by 2025. In the ever-changing geopolitical uncertainty, HCM should become an important growth pillar, bringing significant profit growth potential in the future. Stable domestic e-commerce
US stocks closed | The three major indices rose and fell unevenly, with Tesla soaring 22%, marking the largest increase in eleven years.
Economic data supports the market's bet on a routine 25 basis point rate cut by the Federal Reserve in November. The US stock market only saw a drop in the Dow, the first four-day consecutive decline since June, dragged down by IBM and Boeing. The Chinese concept index fell by 1.6% before halving its decline, while Li Auto Inc surged more than 1%.
PDD Holdings Inc. Sponsored ADR (PDD) Stock Sinks As Market Gains: Here's Why
10 Consumer Discretionary Stocks Whale Activity In Today's Session