Based on our data and calculations, we believe CMCM is likely to deliver 4Q17 top line at RMB1,316M, higher than consensus at RMB1,279M. Its guidance is between RMB1,250M and RMB 1,310M.
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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