PDD Holdings Inc. is trading at $127.11 on August 22nd with trailing and forward P/E of 13.62 and 13.91 respectively. Pinduoduo (PDD) is outperforming competitors in growth and margins, yet remains undervalued due to lack of clear narrative and capital returns strategy. Despite strong fundamentals, stock is stuck in penalty box. Previous bullish thesis on PDD still stands with 29.86% stock price appreciation.

Read more at Yahoo Finance.: PDD Holdings Inc. (PDD): A Bull Case Theory