0652 GMT - DiDi Global could post strong 4Q and 2025 earnings after its 3Q result showed faster-than-expected overseas business growth, Daiwa analysts write in a note. While the company didn't raise 2024 profitability guidance for its international business and other initiatives, which may disappoint some investors, the brokerage still sees upside for 4Q and 2025 earnings. Any pullback would be a buying opportunity, Daiwa says. Investors should keep an eye on the faster-than-expected share repurchase plan and the successful IPO listing of DiDi's ride-hailing peers as near-term catalysts, the brokerage says. Daiwa raises its target price to $6.70 from $6.50 and maintains a buy rating. Shares last closed at $4.72. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
December 02, 2024 01:52 ET (06:52 GMT)
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