T.H. Capital - 58.com Inc. Sponsored ADR Class A (WUBA) WUBA: Better 1Q18 to be Driven by Better Than Expected Paying Members In Housing; Maintain BUY Will Revisit PT Post Earnings

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T.H. Capital

Tian Hou

WUBA: Better 1Q18 to be Driven by Better Than Expected Paying Members In Housing; Maintain BUY & Will Revisit PT Post Earnings

WUBA will report 1Q18 results on May 24^th before the markets open with an 8am EST conference call. Based on our proprietary data and calculations, we believe WUBA’s 1Q18 revenue is likely to reach RMB2,570M, representing 29.3% Y/Y growth, better than consensus at RMB2,357M and the company’s guidance at RMB2,290M - RMB2,390M.

21/05/2018 5 EN

Underlying

58.com Inc. Sponsored ADR Class A

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US31680Q1040 United States

Provider

T.H. Capital

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.

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Analysts

Tian Hou

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WUBA: Better 1Q18 to be Driven by Better Than Expected Paying Members In Housing; Maintain BUY & Will Revisit PT Post Earnings

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.

TCOM: TCOM’s Potential Better 4Q2024 Performance and Better Long-Term Growth Outlook

BILI: Cautious On Long-Term Outlook Due To Competition And Market Saturation

BIDU: Expect In Line 2Q24 Results; Monetization In AI Is Taking Time To Drive Overall Growth

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