T. H. Data Flash - Farfetch Limited – August & 3Q21E: Growing Adoption Of Mobile FTCH Along With New Stores Are Likely To Lead To A Positive 3Q21E Performance
We are positive on FTCH for its 3Q21E performance. The company’s business is continually making progress in its operations. FTCH added more brand stores to the platform and provided deeper discount rates for more than one-third of its SKUs. FTCH APP downloads worldwide were up in 3Q21E, and up 71.5% Y/Y in August 2021. As for its operation in China, the number of active users surged in August 2021 with a Y/Y growth rate of 173.3%, up from that of 42.6% Y/Y in July.
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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