MOMO: Expect Better 1Q17 Results, 2Q17 Guidance; Maintain Buy Rating & Raise PT
MOMO will report 1Q17 results in mid-to-late May. Based on our data, we expect 1Q17 revenue to be better than consensus driven by strong monetization of the company’s live broadcasting business. Our data shows that live broadcasting revenue is likely to grow 15.9% Q/Q vs. consensus at 1.58% Q/Q decline. We believe such momentum may boost 2Q17 guidance. As such, we maintain our Buy rating and raise our PT to $44.00 from $31.00.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.