T. H. Data Flash – Momo Inc. (MOMO) – August 2017 & 3Q17: Positive Impact from Marketing & Channel Activities; Growth of Paying Users Yet to be Seen, Maintain Buy Rating
Marketing and channel activities have positive impacts – Average hourly current users were up in 3Q17E to reach 45,295 from 39,558 in 2Q17, mainly due to new functions in MOMO version 8.0 (Figure 1).
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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