BABA: China’s Economic Slowdown to Impact BABA in FY2Q19; Maintain Buy & Lower PT
BABA will report FY2Q19 results on November 2nd before the markets open with a 7:30am EST conference call. We expect BABA to report FY2Q19 revenue slightly below consensus at RMB 86,666M. At present, there is a slowdown in China’s economy, including consumer areas, which was caused mainly by the government’s deleveraging initiatives across all areas: individuals, corporations, local governments as well as central government.
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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