新兴市场数字支付行业 - 新兴市场占全球85%人口 正推动数字支付革命 预计到2030年市场规模将接近翻倍达到42万亿美元 [1] - 商户可通过DLocal平台接入超过900种本地支付方式 实现便捷的跨境交易 [1] 公司DLocal - DLocal(NASDAQ: DLO)是连接商户与新兴市场支付生态的核心桥梁企业 [1]

新兴市场数字支付行业 - 新兴市场占全球85%人口 正推动数字支付革命 预计到2030年市场规模将接近翻倍达到42万亿美元 [1] - DLocal公司为商户提供超过900种本地支付方式的便捷接入渠道 是连接全球商户与新兴市场支付生态的核心桥梁 [1] 投资研究框架 - 投资分析注重价值投资理念与心智模型 通过财务报告解读和DCF模型构建来评估企业长期价值创造能力 [1] - 采用基本面与行为金融相结合的双重视角 专注于识别被错误定价的优质企业和具备周期抗性的商业模式 [1]

股价表现 - 公司股价在交易日上涨超过3% 而同期标普500指数下跌0.1% [1] - 花旗分析师将目标价从14.60美元上调至17美元 涨幅达16% 并维持买入评级 [2] 财务表现 - 第二季度总支付额同比增长53%至92亿美元 收入同比增长50%至2.56亿美元 [5] - 上调2025年全年收入和非GAAP EBITDA指引 [5] - 分析师将2025年净利润预测上调15% 2026年预测上调5% [4] 估值与增长前景 - 基于2026年盈利预期的前瞻市盈率低于19倍 被认为估值具吸引力 [4] - 尽管交易量出现下降 但公司仍保持强劲增长潜力 [4]

公司业务定位 - dLocal是一家专注于新兴市场金融科技支付业务的公司 在纳斯达克交易所上市 股票代码为DLO [1] 分析师背景 - 分析采用价值投资框架 基于长期持有视角和所有者思维进行证券研究 [1] - 分析人员持有dLocal多头仓位 包括股票所有权或衍生品等形式 [2]

公司概况 - dLocal是一家在新兴市场崛起的金融科技公司 在纳斯达克上市 股票代码为DLO [1] 投资分析视角 - 分析基于价值投资理念 采用所有者思维和长期投资视角 [1] - 不撰写看空报告 不推荐做空操作 [1] 作者背景 - 作者曾担任富达投资顾问代表 目前进行自主投资并分享研究成果 [1] - 作者通过股票持有 期权或其他衍生品对DLO持有多头头寸 [2]

公司业绩表现 - 支付处理公司DLocal在最新季度报告中恢复超常增长 结束了多个季度的疲软表现 [1] - 公司交易量和收费率均出现改善 [1] 业务聚焦领域 - 公司专注于新兴市场的支付处理业务 [1] 投资分析视角 - 长期来看 基本面因素是推动股价的核心驱动力 [2] - 投资策略关注优质公司及合理估值 重点预测企业每股收益变化 [2]

公司业绩表现 - 支付处理公司DLocal在最近季度报告中恢复超常增长 此前经历了数个疲软季度 [1] - 公司交易量和收费率均出现改善 [1] 投资分析视角 - 投资策略关注长期基本面驱动股价的因素 重点预测企业每股收益的走势 [2] - 投资标准侧重于以合理估值寻找优质公司 [2]

Question-and-Answer SessionGreat. And I think this is now your third Communacopia, at least at dLocal. So maybe we start there, right? What's been the maybe biggest surprise challenge in a couple of years at dLocal now?Pedro ArntCEO & Director Yes. I think it's my second because I've been here for 2 years. But -- so at the peril, I'll give you a positive one and a not so positive one. I think that's more balanced. On surprises that perhaps I underestimated when joining the company, we still inhabit a highly ...

Question-and-Answer SessionGreat. And I think this is now your third Communacopia, at least at dLocal. So maybe we start there, right? What's been the maybe biggest surprise challenge in a couple of years at dLocal now?Pedro ArntCEO & Director Yes. I think it's my second because I've been here for 2 years. But -- so at the peril, I'll give you a positive one and a not so positive one. I think that's more balanced. On surprises that perhaps I underestimated when joining the company, we still inhabit a highly ...

Western Union has partnered with dLocal, a cross-border payment platform, to provide digital payment options on its online platforms in Latin American markets. The move is expected to align with “local habits and preferences”, offering customers in regions such as Chile, Mexico, Peru, Panama, Argentina, and Brazil a “more agile and modern” payment experience. The agreement incorporates locally relevant payment methods, including cards and bank transfers, into Western Union's digital channels. It is expe ...