Streetbeat News

DIDIY

DiDi Global Inc

www.didiglobal.com

CEO

Cheng Wei

Employees

24,396

Industry

All Other Business Support Services

DiDi Global Inc. is the world’s leading mobility technology platform. It offers a wide range of app-based services across Asia Pacific, Latin America and Africa, as well as in Central Asia and Russia, including ride hailing, taxi hailing, chauffeur, hitch and other forms of shared mobility as well as auto solutions, food delivery, intra-city freight and financial services.

Open

4.74

Mkt cap

22B

Volume

1.6M

High

4.74

P/E Ratio

155.67

52-wk high

5.16

Low

4.65

Div yield

N/A

52-wk low

0.32

Didi Global, China's largest ride-hailing company, reported a third-quarter net income of 929 million yuan ($128.42 million), marking a rebound from a loss in the same period last year.

Portfolio Pulse from

November 29, 2024 | 10:00 am

China Renaissance has initiated coverage on DiDi Global with a Buy rating and set a price target of $6.5.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 5:16 pm

Macquarie analyst Ellie Jiang has initiated coverage on DiDi Global (OTC:DIDIY) with an Outperform rating and set a price target of $5.5.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 10:09 am

XPeng Inc. (NYSE:XPEV) unveiled the M03, the first model in its Mona series, an all-electric sedan priced below $27,500, with an official launch in August. The Mona brand stems from XPeng's acquisition of DiDi Global Inc.'s (OTC:DIDIY) EV business. XPeng's chairman highlighted the M03's homage to Tesla's (NASDAQ:TSLA) Model 3. XPeng shares rose by 4.85% following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2024 | 2:17 pm

Morgan Stanley analyst Brian Nowak reaffirmed an Overweight rating on Uber Technologies, Inc. (UBER) with a $90 price target, citing its attractive growth-adjusted multiple compared to Lyft, Inc. (LYFT), Maplebear Inc. (CART), and others. Nowak highlighted Uber's potential for growth and profitability, leveraging its multi-product rides and cross-platform strategies. Concerns about competition from autonomous driving technologies, notably Tesla Inc.'s (TSLA) advancements, were also mentioned. Uber's stock has seen significant growth, and exposure to UBER can be gained through ETFs like First Trust US Equity Opportunities ETF (FPX) and Global X Millennial Consumer ETF (MILN).

Portfolio Pulse from Anusuya Lahiri

May 06, 2024 | 7:50 pm

Analysts predict a potential spike in the stock price of China's largest EV maker, BYD Company Limited (OTC:BYDDF) (OTC:BYDDY), due to rising sales, improving margins, and rapid overseas expansion. Despite underperforming compared to peers like Tesla Inc (NASDAQ:TSLA), XPeng Inc (NYSE:XPEV), and Li Auto Inc (NASDAQ:LI), BYD is seen as undervalued. The company's battery business, which supplies many EV manufacturers and holds 16% of the global EV battery market, has helped maintain profit margins over 18%. DBS Bank and Livy Investment Research have bullish outlooks for BYD, citing strong vehicle sales, a net cash balance of $8.4 billion, partnerships with companies like Apple Inc (NASDAQ:APPL), and a solid overseas market strategy.

Portfolio Pulse from Daniel Harrison

October 16, 2023 | 2:09 pm

Hong Kong and China stocks closed lower due to weak consumer sentiment and property market concerns. Alibaba (BABA) and Tencent (TCEHY) fell more than 3% due to weak consumption demand. JD.com (JD) dropped 10% after Citigroup (C), Daiwa Securities (DSECF), and Jefferies Financial (JEF) cut price and revenue targets for the company. Morgan Stanley (MS) revised its estimates for the Hong Kong property market, downgrading Wharf Holdings (WARFF) and the overall property market. Sino-Ocean Group (SIOLY) defaulted on its bond repayments, while Country Garden Holdings (CTRYF) and Sunac China Holdings (SNCNQ) also fell. Didi Global (DIDIY) is planning a Hong Kong Stock Exchange listing.

Portfolio Pulse from Daniel Harrison

October 13, 2023 | 5:45 pm

China's largest ride-hailing company, Didi Global Inc., plans to list on the Hong Kong Stock Exchange after being delisted from the New York Stock Exchange last year due to regulatory fines. The company's OTC markets listing is 80% lower than its June 2021 debut price. The planned Hong Kong listing could boost the flagging IPO market. Didi's major investors include Softbank Group Corp.

Portfolio Pulse from Daniel Harrison

October 13, 2023 | 2:33 pm

ARM Holdings PLC has launched its IPO with a valuation of $54.5 billion, marking the biggest IPO of 2023. SoftBank, which acquired ARM in 2016, is retaining 90% ownership and offering 10% of the company on the open market. SoftBank recently consolidated its ownership from 75% to 100% before the IPO. ARM's CPUs are a vital component for Nvidia Corp’s GPUs to operate AI functions.

Portfolio Pulse from AJ Fabino

September 14, 2023 | 4:29 pm

The EV industry is seeing intense competition with Tesla facing rivals on multiple fronts. Ford, BYD, Nio, and XPeng have all responded to Tesla's price war. Worksport, an automotive parts manufacturer, is set to deliver the world's first solar-powered tonneau cover and portable battery system. BYD posted record sales results and acquired the electronics manufacturing business in China owned by Jabil Inc. XPeng has agreed to buy a smart EV development business from DiDi Global and is developing two EVs with Volkswagen. Nio, despite a wider-than-expected Q2 loss, is revamping its products and launching a phone.

Portfolio Pulse from Upwallstreet

August 30, 2023 | 3:38 pm

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