BITA: Underlying Auto Industry Facing Challenges in 2019; BITA Is Coping With Challenges

  • BITA: Underlying Auto Industry Facing Challenges in 2019; BITA Is Coping With Challenges

BITA will report 2Q19 results in late August. Based on our data and calculations, we believe BITA’s 2Q19 revenue is likely to be better than consensus at RMB2,758M. However, BITA’s fundamentals are likely to be impacted by the weaker consumer spending in the auto sector as well as the changes of National Emission Standard (from Guo 5 to Guo 6).

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