Senmiao Technology Announces Ride-Hailing Platform Operating Metrics For September 2023; Senmiao And Its Affiliates Recorded 0.61M Total Completed Orders, Compared To 0.62M Total Orders Completed MoM
Portfolio Pulse from Happy Mohamed
Senmiao Technology Limited (NASDAQ:AIHS) reported a slight decrease in total completed orders for its online ride-hailing platform in September 2023, with 0.61 million orders compared to 0.62 million in August 2023. The decrease was primarily due to a drop in completed orders from partner platforms under a new model, partially offset by an increase in completed orders by Senmiao's own platform. The number of active drivers increased from 5,412 in August to 6,065 in September.
October 23, 2023 | 1:19 pm
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NEUTRAL IMPACT
Senmiao Technology's slight decrease in total completed orders may negatively impact investor sentiment in the short term. However, the increase in active drivers could indicate potential for growth.
While the decrease in completed orders could be seen as a negative, the increase in active drivers suggests that the company is still expanding its network, which could lead to increased orders in the future. Therefore, the impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100