Alibaba (BABA US): Taobao/Tmall Is Back
Alibaba's 4QFY24 results show in-line revenue but lower adjusted net income due to losses in peripheral businesses, but strong core performance...
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Alibaba (BABA US): Margin Pressure Overstated
We believe consensus overstates margin pressure for Alibaba March quarter results, which will usher in an mild earnings recovery cycle that lead us...
417 Views
Meituan (3690 HK): Lack of Clear Topline Driver Remains a Concern
While we expect 1Q24 to kick off an upward earnings cycle for Meituan, lack of clear topline driver remains a concern given its valuation premium...
260 Views
DPC Dash (1405 HK): Margin Potential Underappreciated
Consensus underestimates the company's margin upside for FY24 and beyond, which is driven by positive SSSG trend, improving store economics and...
435 Views
Pinduoduo (PDD US): Growth Worries Overdone
Disconnect between strong 4Q results and weak share performance pointed to growth concerns. Valuation expected to improve after growth bottoms out...
446 Views