T.H. Capital - 58.com Inc. Sponsored ADR Class A (WUBA) WUBA: Growth in Paying Merchants and ASP May Lead to Better 2Q17 Results; Maintain BUY Rating

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T.H. Capital

Tian Hou

EUR 132.56 For Business Accounts Only

WUBA: Growth in Paying Merchants and ASP May Lead to Better 2Q17 Results; Maintain BUY Rating

WUBA will report 2Q17 results on Monday, August 21, 2017 before the market opens with an 8am conference call. Based on our data and calculations, we believe WUBA’s 2Q17 revenue is likely to outperform consensus at RMB2,251M driven by the growth in total paying merchants and ASP.

17/08/2017 4 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: Growth in Paying Merchants and ASP May Lead to Better 2Q17 Results; Maintain BUY Rating

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.

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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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