BABA: Better FY1Q18 Results Driven By High Growth in Click Volumes and Take Rate; Maintain Buy
BABA will report FY1Q18 results on Thursday, August 17th before the markets open with a 7:30am EST conference call. We believe the company is likely to report FY1Q18 results better than the Street consensus at RMB47.54B or 47.8% Y/Y growth driven by higher growth in online marketing services and commission revenues. We maintain our Buy rating and price target.
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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