VIPS: Expect Better 1Q19 Results; Emerging New Players With New Ways Of Conducting Commerce
VIPS will report 1Q19 results on May 22nd 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 1Q19 revenue is likely to be above consensus at RMB20.5B (3.2% Y/Y) and above its guidance range of RMB19.9B – 20.9B, or 0.2% - 5.0% Y/Y growth and its margin is likely to be better than the Street expectation as there were less spending.
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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