AOS: T. H. Data Flash – AO Smith – March 2017: AOS 1Q17 China Sales May Be Slower Than Expected In 1Q17
AOS will report 1Q17 results on Thursday, April 27th before the market opens followed by a 10am EST conferene call. According to our data tracked from the largest e-commerce channels in China, Tmall.com, we project that AO Smith’s total sales in China is likely to grow 6.4% Y/Y in constant US currency, a slowdown from 11.1% in 4Q16 and 12.0% in 1Q16. Based on our calculations, consensus at $697.61M is likely to be higher than our revenue projection at $689.94M.
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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