VIPS: Continuing Efforts of Making VIPS A Better Company By Focusing On Profitability And New Growth Drivers
VIPS will report 2Q19 results on August 14th after the markets close followed by a conference call the next day at 8am EST. Based on our data and calculations, we believe VIPS’s 2Q19 revenue is likely to be slightly above consensus at RMB21.58B (4.1% Y/Y growth) and the high-end of its guidance range of RMB20.7B – 21.7B, or 0% - 5% Y/Y growth. However, the Company’s focus is its profitability. We did not see abnormal spending in sales and marketing. Therefore, we also expect better margins in 2Q19.
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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