T. H. Data Flash – AO Smith – June 2016: AOS 2Q16 Revenue May Just be In Line with Consensus

  • Date: Jul 25, 2016
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  • T. H. Data Flash – AO Smith – June 2016: AOS 2Q16 Revenue May Just be In Line with Consensus

AOS will report 2Q16 results on Tuesday, July 26 before the market opens. According to our data tracked from the largest e-commerce channels in China,Tmall.com and JD.com, we project AO Smith’s China sales to grow about 13% Y/Y in USD term after taking into consideration the unfavorable impact of currency depreciation of about 7%. If all our modeling assumptions are right, and based on our data, we believe AOS total sales may just be inline with consensus at 6% Y/Y decline.


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T.H. Capital is an independent research and investment advisory firm specializing in China. We offer 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 the China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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