BITA will report 3Q18 results on November 28th before the markets open with a 7am EST conference call. Based on our data and calculations, we believe BITA’s 3Q18 revenue is likely to be in line with consensus at RMB2,671.4M. However, we don’t expect the margin to improve in 3Q18 and 4Q18 due to increase in offline marketing activities and slowdown in the auto loan facilitation business, which can be a reflection of slowdown in the auto industry.
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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