58.com: Market Share Gains and Pricing Power Put 58.com in a Strong Position.

58.com (WUBA): Top Risk - Clients Cheat Users, 18% Downside

58.com (WUBA): Promising Main Business, But But New Businesses Squeezed Margins, Upgrade to HOLD

58.com, China's Online Classifieds Leader

Differentiated global TMT & Internet Research

New Street Research Insights

New Street Research

Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
US Healthcare
Japanese Healthcare

We also provide debt research on:
Pan European Telecom Services and Cable

Equity Bottom-Up

<p>In retrospect, our October initiation on <a href="https://www.smartkarma.com/entities/58-com-inc-adr" target="_blank" data-smartkarma-citation="entities:2563:1">58.Com (WUBA US)</a> was not well timed with the stock struggling since the government moved to tighten property regulations. However, we believe 58.com is oversold on the uncertainty surrounding its property listing business (-29% share price decline since Q4 guidance was announced). While regulatory pressure will eventually ease, we have seen further moves over the weekend. Shanghai suspended the sales of commercial office apartments on online transaction…</p>

In retrospect, our October initiation on 58.Com (WUBA US) was not well timed with the stock struggling since the government moved to tighten property regulations. However, we believe 58.com is oversold on the uncertainty surrounding its property listing business (-29% share price decline since Q4 guidance was announced). While regulatory pressure will eventually ease, we have seen further moves over the weekend. Shanghai suspended the sales of commercial office apartments on online transaction…

58.com Oversold on Near-Term Uncertainty. Remain Positive on Prospects.

58.Com Inc Adr

58.com Oversold on Near-Term Uncertainty. Remain Positive on Prospects.