0435 GMT - China's PDD Holdings, which operates retail platform Temu, will likely continue to face short-term headwinds, Citi analysts led by Alicia Yap say in a research note. U.S. President-elect Donald Trump's proposed 25% tax on products from Mexico could result in higher costs for Temu's parcels in the coming months, the analysts say. The challenges that Temu faces in Vietnam and expensive operation costs in Brazil is also adding pressure to PDD Holdings' profitability, Citi adds. Citi maintains a neutral rating/high risk on PDD Holdings, with a target price of $US125.00 for its ADRs. They last traded at US$103.42. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
December 11, 2024 23:35 ET (04:35 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。