And while those players can certainly be valuable at current prices in our opinion, we think the overlooked & less covered PDD Holdings (NASDAQ:PDD), previously Pinduoduo, has recently joined the club and entered bargain hunting territory. SEC Data, Author's ImageHowever, one of the overlooked aspects of PDD Holdings, in our opinion, is its balance sheet and interest-generating aspect. TIKR TerminalBargain Hunting TerritoryWith these things in mind, we will now explain why we believe PDD Holdings has entered "bargain hunting" territory from both a fundamental and technical analysis perspective. Looking at underlying free cash flow, PDD Holdings has always bottomed at around 10x EV/FCF in 2018, 2019 and 2022. Data by YChartsWith these fundamentals in mind, we think PDD Holdings has also entered "bargain territory" from a technical perspective.

Source: CNN May 17, 2023 20:13 UTC