BITA: Underlying Industry to Negatively Impact Topline Growth in 4Q18 and Margin in 2H18

  • BITA: Underlying Industry to Negatively Impact Topline Growth in 4Q18 and Margin in 2H18

BITA will report 3Q18 results on November 28th before the markets open with a 7am EST conference call. Based on our data and calculations, we believe BITA’s 3Q18 revenue is likely to be in line with consensus at RMB2,671.4M. However, we don’t expect the margin to improve in 3Q18 and 4Q18 due to increase in offline marketing activities and slowdown in the auto loan facilitation business, which can be a reflection of slowdown in the auto industry.

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