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WUBA

58.com

$48.90

-2.72 (-5.27%)

07:01
09/30/19
09/30
07:01
09/30/19
07:01

58.com to acquire certain number of shares of Golden Pacer

58.com announced that it has entered into definitive agreements to acquire a certain number of shares of Golden Pacer, a leading financial technology platform in China, by converting its profit participation right with respect to the financial services and other finance related business disposed by the company in 2017 to equity stake in Golden Pacer. Golden Pacer is the ultimate holding company of the Disposed Business. In parallel, Golden Pacer entered into definitive agreements with Uxin Limited, a leading national online used car dealer in China, pursuant to which Golden Pacer will acquire the loan facilitation related business from Uxin and Uxin will receive a certain number of shares of Golden Pacer as part of the consideration. As a result, upon the completion of these transactions, the company will hold approximately 32.6% of the share capital of Golden Pacer on a fully diluted basis. The transactions contemplated under the definitive agreements are subject to certain closing conditions, and are currently expected to close by the end of 2019.

WUBA 58.com
$48.90

-2.72 (-5.27%)

07/16/19
FBCO
07/16/19
DOWNGRADE
FBCO
Neutral
58.com downgraded to Neutral from Outperform at Credit Suisse
07/17/19
07/17/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Micro Focus (MFGP) downgraded to Sell from Neutral at Goldman Sachs. 2. Wells Fargo (WFC) downgraded to Neutral from Outperform at Macquarie. 3. Alliance Resource Partners (ARLP) downgraded to Neutral from Buy at B. Riley FBR with analyst Lucas Pipes citing the company's "disappointing" sales volumes in Q2 for the downgrade. 4. 58.com (WUBA) downgraded to Neutral from Outperform at Credit Suisse. 5. Ralph Lauren (RL), Levi Strauss (LEVI), and PVH Corp. (PVH) downgraded to Sell from Neutral at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/05/19
JEFF
08/05/19
INITIATION
Target $66.4
JEFF
Buy
58.com initiated with a Buy at Jefferies
Jefferies analyst Thomas Chong started 58.com with a Buy rating and $66.40 price target. The analyst views the company as a "secular growth story" with a proven business model in overseas markets. 58.com is a leading classified platform in China with a "huge" user base, that pursues an asset-light model, says Chong.
08/23/19
BOCM
08/23/19
DOWNGRADE
BOCM
Neutral
58.com downgraded to Neutral from Buy at BOCOM

TODAY'S FREE FLY STORIES

AMPY

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VG

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AHCO

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ODP

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0.075 (3.25%)

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JACK

Jack in the Box

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AN

AutoNation

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AN

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ODP

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FFRMF

Future Farm

$0.00

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LGF.A

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$9.22

-0.28 (-2.95%)

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Comcast

$44.37

0.15 (0.34%)

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CMCSA

Comcast

$44.37

0.15 (0.34%)

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  • 09

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HCI

HCI Group

$44.54

-0.86 (-1.89%)

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ZTS

Zoetis

$120.25

0.75 (0.63%)

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VG

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EPAM

Epam Systems

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AAPL

Apple

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-1.15 (-0.44%)

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ROST

Ross Stores

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1.39 (1.26%)

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  • 05

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ALNY

Alnylam

$111.26

3 (2.77%)

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EPAM

Epam Systems

$205.39

-3.04 (-1.46%)

07:52
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PLAN

Anaplan

$53.00

3.84 (7.81%)

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STZ

Constellation Brands

$186.57

0.75 (0.40%)

, CGC

Canopy Growth

$20.28

2.65 (15.03%)

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STZ

Constellation Brands

$186.57

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CGC

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JNPR

Juniper

$25.32

-0.24 (-0.94%)

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ADSK

Autodesk

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LOW

Lowe's

$116.96

-0.88 (-0.75%)

, HD

Home Depot

$218.56

-2.28 (-1.03%)

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LOW

Lowe's

$116.96

-0.88 (-0.75%)

HD

Home Depot

$218.56

-2.28 (-1.03%)

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