U.S. Retail Price disconnect

Results

2 new

Stocks which the market has priced substantially different to their cash flows, which could imply risk.

6 companies

PDD Holdings

Market Cap: US$168.9b

A multinational commerce group that owns and operates a portfolio of businesses.

PDD

US$118.34

4.7%

-21.7%

JD.com

Market Cap: US$45.0b

Operates as a supply chain-based technology and service provider in the People’s Republic of China.

US$31.77

1.9%

7.5%

Asbury Automotive Group

Market Cap: US$4.7b

Operates as an automotive retailer in the United States.

ABG

US$240.44

7.8%

4.5%

Upbound Group

Market Cap: US$1.3b

Upbound Group, Inc. leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico.

UPBD

US$24.00

12.2%

-24.6%

Envela

Market Cap: US$180.2m

Provides recycling and recommerce services in the United States.

ELA

US$7.06

5.4%

36.0%

J-Long Group

Market Cap: US$21.8m

Distributes reflective and non-reflective garment trims in Asia, Hong Kong, the People’s Republic of China, and internationally.

US$5.90

n/a