0313 GMT - PDD Holdings' Temu is likely to face challenges in the coming months amid tariff tensions, according to Citi analysts in a research note. Citi has observed a notable decline in sales on Temu's site, the analysts note. "Together with Temu's decision to also halt all goods that shipped directly from China...we believe Temu will gradually lose price competitiveness it used to enjoy and suffer further revenue decline from the U.S.," they say. Noting that this move wasn't unexpected, the analysts say that this is still a major setback to the company's global expansion ambition. "With more countries likely to scrutinize the imported goods of small parcels, Temu could face more sales headwinds in coming months," the analysts say. The analysts maintain a neutral/high risk on PDD Holdings, with a target price of its ADRs of US$127.00. Its ADRs were last traded at US$109.39. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
May 07, 2025 23:13 ET (03:13 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。