News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>HSBC Research Slashes PDD (PDD.US) TP to US$122, Reduces Earnings Forecasts by 30%
PDD Holdings (PDD.US)'s 1Q25 profit missed expectation, with increased support for merchants and consumer subsidies likely to harm its earnings outlook, HSBC Global Research is...
Reset
Send
The window will close in 5 seconds
<Research>HSBC Research Slashes PDD (PDD.US) TP to US$122, Reduces Earnings Forecasts by 30%
Close
Recommend
2
Positive
2
Negative
5
 
SHORT SELL
 
STOCK INFO

PDD Holdings (PDD.US)      's 1Q25 profit missed expectation, with increased support for merchants and consumer subsidies likely to harm its earnings outlook, HSBC Global Research issued a research report saying.

Advertising growth showed resilience, implying that its domestic market share remained intact. HSBC Global Research lowered its forecast for domestic commission rates, partly due to reduced charges to merchants, and reduced its 2025-2027 revenue/ net profit forecasts by 14-21%/ approx. 30-33%.

Related NewsPersonal Income MoM for Apr in United States is 0.8%, higher than the previous value of 0.7%. The forecast was 0.3%.
The broker also slashed its target price from US$170 to US$122, with rating kept at Buy. HSBC Global Research estimated short-term pressure on its stock price until the market sees more clarity on both its revenue and net profit.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

AASTOCKS Financial News
Website: www.aastocks.com
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.