T.H. Capital - 58.com Inc. Sponsored ADR Class A (WUBA) WUBA: 3Q17 Data Suggest Performance Likely to Beat Consensus; Downward Trend in Housing Sector is Worrisome; Maintain BUY

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T.H. Capital

Tian Hou

EUR 130.54 For Business Accounts Only

WUBA: 3Q17 Data Suggest Performance Likely to Beat Consensus; Downward Trend in Housing Sector is Worrisome; Maintain BUY

WUBA will report 3Q17 results on Monday, November 13, 2017 before the market opens with an 8am ET conference call. Based on our data and calculations, we believe WUBA’s 3Q17 revenue is likely to outperform consensus at $387.7M (RMB2,569.6M) and our model at $394.2M driven by the growth in total paying merchants.

09/11/2017 6 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: 3Q17 Data Suggest Performance Likely to Beat Consensus; Downward Trend in Housing Sector is Worrisome; Maintain BUY

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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