T.H. Capital - Vipshop Holdings Ltd Sponsored ADR (VIPS) T. H. Data Flash â€“ Vipshop Holdings (VIPS) â€“ December 4Q17: Expect Faster Growth in 2018 Fueled By Traffic from JD and Tencent and Slightly Better 4Q17

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T.H. Capital

Tian Hou

EUR 130.54 For Business Accounts Only

T. H. Data Flash â€“ Vipshop Holdings (VIPS) â€“ December & 4Q17: Expect Faster Growth in 2018 Fueled By Traffic from JD and Tencent and Slightly Better 4Q17

While VIPS’s 4Q17 performance may be inline, we believe its 2018 can enjoy faster growth due to the traffic help from JD (JD, $46.40, Buy) and Tencent (700.HK, HK$444.20, Not Rated). Based on our data, we believe VIPS’ revenue in 4Q17 is likely to be around RMB23,484.3M (23.7% Y/Y growth), slightly better than consensus at RMB23,311.0M (22.8% Y/Y growth) driven by higher price of SKUs sold.

16/01/2018 6 EN

Underlying

Vipshop Holdings Ltd Sponsored ADR

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US92763W1036 New York Stock Exchange United States

Provider

T.H. Capital

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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Analysts

Tian Hou

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T. H. Data Flash â€“ Vipshop Holdings (VIPS) â€“ December & 4Q17: Expect Faster Growth in 2018 Fueled By Traffic from JD and Tencent and Slightly Better 4Q17

VIPS 2Q25 Preview: Lowering 2Q Topline Estimates

VIPS 1Q25 Results: Consumer Sentiment Trending Better, but Uncertainty Remains

VIPS: 1Q25 Flash: Guide Largely in Line

TCOM: TCOM’s Potential Better 4Q2024 Performance and Better Long-Term Growth Outlook

BILI: Cautious On Long-Term Outlook Due To Competition And Market Saturation

BIDU: Expect In Line 2Q24 Results; Monetization In AI Is Taking Time To Drive Overall Growth

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