We forecast 1Q24 earnings to double yoy which is significantly higher than consensus. In addition, projected 90% yoy earnings growth for FY24 makes its ~10 P/E highly attractive. We see 50%+ upside.
What is covered in the Full Insight:
1Q24 Earnings Projection
Growth Strategy and Performance of Domestic E-Commerce Business
Performance and Expectation of TEMU
Role of Duoduo Mai Cai in Growth
Projection for FY24 and Valuation
SUMMARY
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