GlennTrading

If History Repeats

Long
BATS:PDD   PDD Holdings Inc.
If history repeats itself, this chart is doing what it did in 2020.

I see PDD is increasing in the EPS 4.8% in 2022 and the forecast is an 18.52% EPS growth in the next 5 years. This company is earning $4.47 per share at the moment.

The market cap is at193B and the enterprise value is at159B which shows me they have more cash than debt. Going into a recession of any type, this is a plus.

I do hate to see that insider management nor directors do not own this company.

What do they do? PDD Holdings Inc., a multinational commerce group, owns and operates a portfolio of businesses.

It operates Pinduoduo, an e-commerce platform that offers products in various categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverage, electronic appliances, furniture and household goods, cosmetics and other personal care, sports and fitness items and auto accessories; and Temu, an online marketplace.

It focuses on bringing businesses and people into the digital economy. The company was formerly known as Pinduoduo Inc. and changed its name to PDD Holdings Inc. in February 2023.

PDD Holdings Inc. was incorporated in 2015 and is based in Dublin, Ireland.

They are currently increasing their employment yearly with 2022 at a 33% growth of employment rate.

This is one that could retrace the same path of support and resistance that are marked in the yellow lines.

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