Yunda Holding Group Co Ltd Class A
002120: XSHE (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Y.W | LOCK|Z$S | LOCK|yy?##& |
Yunda Earnings: Raising Our Forecasts Due to Lower Interest Expenses; Fair Value Estimate Lifted by 2%
No-moat Yunda Holding’s cumulative nine-month results are tracking in line with our full-year estimates. We raise our 2024-26 net income forecasts by 1%-3% to factor in lower interest expenses and increase our fair value estimate by 2% to CNY 11.40 per share. We think shares remain undervalued currently.
