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History of Homebuilding: Homebuilding has been in decline since April 2022, and it was the following month when public sentiment realized they were facing a housing crisis. Notable causes were the sharp drop in new home building starts, sharp increases in federal funds rate, rising mortgage rates, peak of average/median home sales price, and high months' supply ratio.

Executive Summary Based on exceptional recent execution and accelerating growth metrics, we revise our 12-month price target for PDD Holdings to $165.00, representing approximately 74% upside from the current price of $94.68. Recent Performance Highlights Q3 2024 demonstrated remarkable acceleration across key metrics: Transaction services revenue surged 72% year-over-year, significantly outpacing expectations Operating profit increased 46% to RMB 24.3 billion with expanding margins Net income growth accelerated to 61% year-over-year Cash position strengthened to $44 billion, providing substantial strategic flexibility Key Growth Catalysts International Expansion: Temu's semi-entrusted model showing stronger-than-anticipated margin improvement Geographic footprint expanded to 70+ countries with robust user acquisition metrics Customer acquisition costs decreased 22% quarter-over-quarter Platform Economics: Take rate expanded to 3.8%, demonstrating pricing power Monthly active users exceeded 900 million in Q4 2024 Merchant retention rate stable at 89% despite take rate increases Risk Assessment Near-term Challenges: EU's VLOP designation may require additional compliance investments Potential changes to U.S. de minimis import rules Intensifying competition in cross-border e-commerce Revised Valuation Analysis Given the acceleration in key metrics, we apply a 10x FY2024E EV/EBITDA multiple (up from 8x), still below high-growth internet peers at 12-15x.

Sector: Communication Services Industry: Internet Content & Information Market Capitalization: $19.7b (mid cap) Major Competitors: Pinterest (PINS) faces intense competition from a variety of social media platforms, search engines, and e-commerce-focused platforms. Some of its major and direct competitors in the digital advertising and social media space include: Meta Platforms (formerly Facebook) Platforms: Facebook, Instagram, WhatsApp Competitive Aspects: Meta's platforms dominate the social media advertising space, and they offer rich, data-driven ad products similar to Pinterest's.

Microsoft Corporation (MSFT) has demonstrated consistent growth and maintains a strong position in the technology sector. Microsoft is a company that designs and sells hardware devices, such as the Xbox 360 and Surface Pro.

Everything that could have gone wrong, went wrong. The assets are now owned by the bank and creditors Poorly managed company with very slow decission making , unable to react that have wasted a Great future.

Positive Factors for the next 5years: * Reduced Inflation: Lower inflation generally improves business conditions. It reduces input costs for steel production, potentially increasing profit margins.

M&T Bank's stock price is likely to move in line with broader market trends and the overall performance of the banking sector. Potential: Strong economic growth and rising interest rates could positively impact M&T Bank's profitability.

Strong Q1 2024 Performance In Q1 2024, $MNSO revenue surged 26% year-on-year to $515.7 million, with adjusted EBITDA margin expanding by 200 basis points to 25.9%. This growth was fueled by a robust strategy of opening new stores globally.

Summary CD388 is a universal long-lasting influenza drug against all seasonal and pandemic influenza viruses in a phase 2b clinical trial. CD388 is not a vaccine but would provide 6 months of protection.