T. H. Data Flash – 58.com Inc. – November & 4Q18E: WUBA’S Business Segments Resilient to China’s Economy; Volume and ASP Drove Topline Growth; Maintain BUY
We are positive on WUBA into 4Q18 on both the top line and bottom line performance. Based on our data, assumptions and calculations, we believe WUBA’s 4Q18E revenue is likely to be above consensus at RMB 3,553M and towards the high end of the company’s guidance range of RMB 3,500M - RMB 3,600M driven by both the number of paying merchants and ASPs.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.