GCT

GigaCloud Technology Inc - Ordinary Shares - Class A

TMT, Event Driven/Special Sit


Presented:05/23/2024
Price:$32.35
Cap:$1.32B
Current Price:$23.39
Cap:$0.96B

Presented

Date05/23/2024
Price$32.35
Market Cap$1.32B
Ent Value$1.37B
P/E Ratio12.53x
Book Value$7.79
Div Yield0%
Shares O/S40.70M
Ave Daily Vol3,131,415
Short Int19.34%

Current

Price$23.39
Market Cap$0.96B
GigaCloud Technology, Inc. specializes in global end-to-end business-to-business (B2B) electronic commerce (e-commerce) for large parcel merchandise. The firm's B2B ecommerce platform, which it refers to as the GigaCloud Marketplace, integrates everything from product discovery, payments, and messaging portals, leveraging channel diversification for suppliers, while resellers gain access to thousands of products backed by a complete logistics package. Its global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia, and Europe, to execute cross-border transactions with confidence, speed, and efficiency. The firm offers a comprehensive solution that transports products from the manufacturer's warehouse to the end customer’s doorstep, all in one place. The company was founded by Lei Wu on August 29, 2006 and is headquartered in El Monte, CA.

Publicly traded companies mentioned herein: Gigacloud Technology Inc (GCT), Wayfair Inc (W)

Highlights

The presenter is long shares of Gigacloud Technology Inc. (GCT), despite initial skepticism surrounding its Chinese origins and accusations of fraudulent behavior. After extensive investigation, compelling evidence has surfaced to challenge the prevailing short thesis and led the presenter to believe there is real potential for the company to double or triple in value.

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Idea Discussion

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