YRD: T. H. Data Flash – Yirendai (YRD) – 1Q17: Higher Growth of Loan Originations in 1Q17, But Growth Was Slower in April
Higher growth in loan origination may lead to better 1Q17 results – According to our proprietary data, total amount of loans facilitated on YRD’s platform is likely to grow 92.5% Y/Y to RMB6,634.6M in 1Q17 (Figure 1), above the high-end of guidance range of RMB6,400M to RMB6,500M ($922M - $936M). Therefore, 1Q17 revenue is likely to be $137.0M - $146.3M, higher than the high-end of YRD’s guidance range of $130M - $134M and consensus of $133.9M.
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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