T. H. Data Flash – Momo Inc. (MOMO) – November & 4Q19E: Positive On Performance Into 4Q19E With Faster Recovery From Sanctions In The Summer; Maintain Buy Rating
We are positive on MOMO’s performance in 4Q19. MOMO’s user base only showed about 4% Y/Y growth in 3Q19 as it was recovering from the government’s sanctions imposed on the company in May and June. Getting into 4Q19, the recovery is faster. Our data shows that the concurrent users for MOMO picked up its growth and Tantan’s users and time spend are also seeing upside on a monthly basis.
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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