Morgan Stanley: Pinduoduo plans to replenish inventory, which may boost sales in the fourth quarter of last year and the first half of this year

Golden Ten Data reported on January 6 that Morgan Stanley's research report pointed out that Bubble Tema (09992. HK) is likely to boost sales in the fourth quarter of last year and the first half of this year, while reducing resale activity and improving the customer experience. The bank's investment themes, namely "Overseas Expansion Extends Popularity" and "IP Product Rotation", remain in effect. The bank advises investors to take advantage of the dip amid fears of another drop in resale prices. The bank expects a 35% sales rise this year, believing that Pop Mart can record the fastest sales rise among the large consumer companies it tracks. And because the overseas sales and earnings portfolio is expected to account for more than half this year, it is believed that the company's valuation premium is reasonable. Da Mo has an "overweight" rating and target price of HK$113.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)