T.H. Capital - 58.com Inc. Sponsored ADR Class A (WUBA) WUBA: Prudent On Its Outlook Due to The Uncertainties From the Trade War; But New Social Feature â€œ58Tribeâ€ Promotes Traffic; Maintain BUY

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T.H. Capital

Tian Hou

EUR 222.15 For Business Accounts Only

WUBA: Prudent On Its Outlook Due to The Uncertainties From the Trade War; But New Social Feature â€œ58Tribeâ€ Promotes Traffic; Maintain BUY

WUBA will report 1Q19 earnings on May 29^th before the markets open with an 8am EST conference call. While we are positive on WUBA into 1Q19, we believe the company is likely to be prudent for its full year 2019 outlook due to issues derived from the trade war, which is beyond the company’s control. However, business fundamental-wise, we believe the company is making significant improvement via its new APP feature “58Tribe”.

28/05/2019 1 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: Prudent On Its Outlook Due to The Uncertainties From the Trade War; But New Social Feature â€œ58Tribeâ€ Promotes Traffic; Maintain BUY

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

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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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WUBA: Prudent On Its Outlook Due to The Uncertainties From the Trade War; But New Social Feature â€œ58Tribeâ€ Promotes Traffic; Maintain BUY