MOMO: Expect In Line 3Q18 As Political and Economic Environments Impact Topline Growth; Maintain Buy Rating But Lower Price Target
MOMO will report 3Q18 results in late November. Based on our data and model, we believe MOMO’s 3Q18 revenue is likely to reach about US$533.5M (exchange rate at RMB6.8055 = USD 1), in line with consensus at US$534.4M, and within its guidance range of US$525M – US$541M.
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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