WUBA: 3Q17 Data Suggest Performance Likely to Beat Consensus; Downward Trend in Housing Sector is Worrisome; Maintain BUY

  • Date: Nov 09, 2017
  • Industry:E-commerce
  • Company:WUBA
  • Partial Report:Name: WUBA 3Q17 Preview 11092017_FC.pdf - Size: 0.48M - Free Download
  • WUBA: 3Q17 Data Suggest Performance Likely to Beat Consensus; Downward Trend in Housing Sector is Worrisome; Maintain BUY

WUBA will report 3Q17 results on Monday, November 13, 2017 before the market opens with an 8am ET conference call. Based on our data and calculations, we believe WUBA’s 3Q17 revenue is likely to outperform consensus at $387.7M (RMB2,569.6M) and our model at $394.2M driven by the growth in total paying merchants. In China’s housing market, the data showed some slowdown in transactions, which we believe can be a negative growth factor for the company’s housing business. However, as WUBA is innovating new ways of doing business, including big data driven business and monetization as well as more rentals in the housing sector, we believe the company has the capability to weather the weakness in the housing market. We maintain our BUY rating.

About

Contact

Careers

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.
Address:

5E, Tower D, Central International Trade Center, 6 Jianguomenwai Avenue, Beijing 100022, China

Email:

services@thcapital-china.com

Do you enjoy pursuing original research in any aspect of the financial markets and have the ability to present research in a refreshing and captivating manner?
Careers