Pacific Crown publishes research report today, maintaining 58 of the same city to win the market rating

Summary: View the latest quotes Beijing time March 3 Evening News, the Pacific Crown Securities published a study today, maintaining 58 shares in the city (Nyse:wuba) to win the market rating, the target price of 41 U.S. dollars to increase to 58 U.S. dollars. The following is a summary of the report: Fourth fortune

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Beijing Time March 3 Evening News, the Pacific Crown Securities published a study today, to maintain 58 shares in the city (Nyse:wuba) "outperform" rating, the target price of 41 U.S. dollars to increase to 58 U.S. dollars.

The following is a summary of the contents of the report:

Quarterly results: The 2013 fiscal year quarter, 58 with the city revenue of 45.3 million U.S. dollars, higher than our expected 42 million dollars. Diluted earnings per share of 0.13 dollars, higher than we expected 0.05 dollars. Revenue for affiliate revenue and online marketing services exceeded our expectations, with 393,000 paid members, up from 383,000 per cent of our expectations. 58 The city estimates that revenue for the first quarter of fiscal year 2014 will reach $44 million trillion (the median of guidance expectations), which is also higher than we expected. We believe that 58 of the city's business drivers are still strong, especially in terms of mobility.

Investing to capture market opportunities: the faster-than-expected mobile penetration rate will spur 58 more money to be spent in the short term, thereby boosting long-term growth opportunities. We expect 58 of the city to invest moderately in product development, general services and administration, and more in sales, marketing and advertising. To reflect the strong growth momentum, we have increased the 58 in the same city 2014 fiscal year and 2015 fiscal year revenue forecasts.

The potential for commercialization is limitless: We believe that, in the face of promising growth opportunities, 58 is at an early stage. Therefore, the strategy of boosting market share by increasing investment is correct.

Valuation: We continue to maintain the "outperform" rating of 58 shares in the same city, with the target price of $41 to $58.