Full Truck Alliance (FTA), known as China's "Uber for trucks," may consider a second listing in Hong Kong due to improved investor confidence and rising tensions between China and the U.S., according to a company official.
Full Truck Alliance's Q4 2024 results demonstrated impressive growth, with net revenues increasing by 32% and non-GAAP net income rising by 43.5% compared to the previous year. After the earnings report, the stock jumped 13%, supporting my belief in its rapid growth due to higher order volume and monetization rates. Even with this increase, I still see YMM as undervalued and continue to recommend a "buy" rating, with a target price of $17.5-18, suggesting a potential 32% gain.
GUIYANG, China, March 5, 2025 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a top digital freight platform, has released its unaudited financial results for the fourth quarter and the entire fiscal year that ended on December 31, 2024.
An earnings call is set for 7:00 A.M. U.S. Eastern Time on March 5, 2025. This announcement comes from Full Truck Alliance Co. Ltd., based in Guiyang, China, on February 14, 2025.
Full Truck Alliance (YMM) is the biggest digital freight platform in China, providing freight matching and additional services, and it holds a strong market position with great growth opportunities. The company's revenue and order volume are on the rise due to more people using online services and better monetization, with expected revenue growth of over 20% in 2025 and 2026. Although there are some regulatory and competitive challenges, YMM is currently valued low, trading at 16 times its earnings for 2025, with a target share price of $16.5 to $17.
Is Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) a strong choice for momentum investors looking for top stocks?
Full Truck Alliance Co. Ltd. (NYSE:YMM) will hold its Q3 2024 Earnings Conference Call on November 20, 2024, at 7:00 AM ET. The call will feature company representatives including Mao Mao, Hui Zhang, and Simon Cai, along with participants from various financial institutions. Welcome to everyone joining us for this discussion on the company's performance.
Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) reported quarterly earnings of $0.17 per share, which is higher than the Zacks Consensus Estimate of $0.15 per share.
GUIYANG, China, Nov. 20, 2024 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a top digital freight platform, has released its unaudited financial results for the third quarter that ended on September 30, 2024.
An earnings call is set for 7:00 A.M. U.S. Eastern Time on November 20, 2024. This announcement comes from Full Truck Alliance Co. Ltd., based in Guiyang, China, on October 31, 2024.