NTES: Streamline Its Businesses To Refocus On What NTES Is Good At; Expect Margins To Recover In 2019
NTES will report 1Q19 earnings on May 15th after the market close followed by a 7:30pm EST conference call. Based on our data and models, NTES’s 1Q19 revenue is likely to be in line with consensus at RMB18,477M. What’s more important than its 1Q19 financial performance is that the company took measures to streamline its businesses and organizational structure, which included divesting some non-core assets and cutting back the number of employees.
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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