麦格理:将拼多多2025及2026年盈利预测分别下调17%及6%

观点网
28 May

观点网讯:5月28日,麦格理发表研究报告指,拼多多首季业绩表现疲软,收入较该行及市场预期低14%及8%,经调整净利润率则低2.3及9个百分点,相信源于Temu表现不及预期的拖累。麦格理预期,收入增速较GMV落后及变现率挑战等,可能导致拼多多短期前景吸引力下降,但相信现价估值水平已反映大部分下行风险,因此维持跑赢大市评级。拼多多承诺对平台生态投资,麦格理相信将为盈利前景带来负面影响,因此将2025及...

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