New Street Research - 58.com Inc. Sponsored ADR Class A (WUBA) 58.com 2Q18 Earnings: Beat and Raise; margins may tick lower in 2H

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New Street Research

James Ratzer

EUR 888.60 For Business Accounts Only

58.com 2Q18 Earnings: Beat and Raise; margins may tick lower in 2H

58.com 2Q18 Earnings: Beat and Raise; margins may tick lower in 2H. 58.comâ€™s reported 2Q18 revenues results beat consensus estimates and our estimates. We maintain our PT at USD75, which implied a 23.2x FY19E P/E.

Jin Yoon

20/08/2018 7 EN

Underlying

58.com Inc. Sponsored ADR Class A

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US31680Q1040 United States

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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Pan European Telecom Services and Cable

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Analysts

James Ratzer

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58.com 2Q18 Earnings: Beat and Raise; margins may tick lower in 2H

China Consumer: Lack of near-term catalysts; focusing on certainty and high growth potential.

China Automobile Weekly: Halving of PV purchase tax rate bigger than expected.

Budweiser APAC (1876 HK): 1Q22: Solid bottom line growth; Price hikes will soon be reflected.

SATS quick thoughts following the 1Q25 call

SATS 1Q25 Quick Take: Wireless making progress (but not enough)

Cellnex (Reduce, €28.5, -15%) Q1 25: Revenue volatility raises new questions

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