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58.com downgraded to Neutral from Buy at New Street » 05:29
06/30/20
06/30
05:29
06/30/20
05:29
WUBA

58.com

$53.74 /

-0.175 (-0.32%)

New Street Research…

New Street Research analyst Jin Yoon downgraded 58.com to Neutral from Buy with a $56 price target.

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WUBA 58.com
$53.74 /

-0.175 (-0.32%)

WUBA 58.com
$53.74 /

-0.175 (-0.32%)

03/18/20 Credit Suisse
58.com upgraded to Outperform from Neutral at Credit Suisse
03/13/20 Benchmark
58.com price target lowered to $72 from $83 at Benchmark
03/13/20 CICC
58.com downgraded to Neutral from Outperform at CICC
08/23/19 BOCOM
58.com downgraded to Neutral from Buy at BOCOM
WUBA 58.com
$53.74 /

-0.175 (-0.32%)

WUBA 58.com
$53.74 /

-0.175 (-0.32%)

WUBA 58.com
$53.74 /

-0.175 (-0.32%)

Earnings
58.com reports Q1 EPS $2.09, consensus (8c) » 06:04
06/26/20
06/26
06:04
06/26/20
06:04
WUBA

58.com

$54.03 /

+0.03 (+0.06%)

Reports Q1 revenue…

Reports Q1 revenue $361.4M, consensus $313.44M. Reports Q1 Non-GAAP diluted earnings per ADS RMB 14.81 vs. RMB 2.90 last year. Commenting on Q1 revenue, 58.com said in its earnings release, "The decreases were mainly due to the adverse impact from the outbreak of COVID-19. To control the spread of COVID-19, the PRC government implemented a series of strict measures, including travel restrictions, quarantines, and a temporary shutdown of businesses which resulted in a decrease in activity level among paying business users. In particular, paying business users that require in-person meetings to conduct their business, including those in the secondary housing and rental real estate sector, used auto dealers, local service providers, and recruiters, have been adversely and materially affected by these interruptions and delayed business resumption. The Company's revenues are generated primarily from these paying business users, most of whom are small and medium-sized local businesses, and the outbreak of COVID-19 and subsequent prevention and control measures have adversely affected their business operations and financial conditions in the first quarter of 2020. As a result, the Company's revenues during the first quarter of 2020 declined significantly when compared with the same period in 2019."

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WUBA 58.com
$54.03 /

+0.03 (+0.06%)

WUBA 58.com
$54.03 /

+0.03 (+0.06%)

03/18/20 Credit Suisse
58.com upgraded to Outperform from Neutral at Credit Suisse
03/13/20 Benchmark
58.com price target lowered to $72 from $83 at Benchmark
03/13/20 CICC
58.com downgraded to Neutral from Outperform at CICC
08/23/19 BOCOM
58.com downgraded to Neutral from Buy at BOCOM
WUBA 58.com
$54.03 /

+0.03 (+0.06%)

WUBA 58.com
$54.03 /

+0.03 (+0.06%)

WUBA 58.com
$54.03 /

+0.03 (+0.06%)

Options
58.com options imply 5.3% move in share price post-earnings » 14:49
06/25/20
06/25
14:49
06/25/20
14:49
WUBA

58.com

$53.94 /

-0.06 (-0.11%)

Pre-earnings options…

Pre-earnings options volume in 58.com is normal with calls leading puts 19:3. Implied volatility suggests the market is anticipating a move near 5.3%, or $2.88, after results are released. Median move over the past eight quarters is 4.8%.

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WUBA 58.com
$53.94 /

-0.06 (-0.11%)

WUBA 58.com
$53.94 /

-0.06 (-0.11%)

03/18/20 Credit Suisse
58.com upgraded to Outperform from Neutral at Credit Suisse
03/13/20 Benchmark
58.com price target lowered to $72 from $83 at Benchmark
03/13/20 CICC
58.com downgraded to Neutral from Outperform at CICC
08/23/19 BOCOM
58.com downgraded to Neutral from Buy at BOCOM
WUBA 58.com
$53.94 /

-0.06 (-0.11%)

WUBA 58.com
$53.94 /

-0.06 (-0.11%)

Hot Stocks
58.com rises 10.2% » 10:00
06/15/20
06/15
10:00
06/15/20
10:00
WUBA

58.com

$54.88 /

+5.02 (+10.07%)

58.com is up 10.2%, or…

58.com is up 10.2%, or $5.09 to $54.91.

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WUBA 58.com
$54.88 /

+5.02 (+10.07%)

WUBA 58.com
$54.88 /

+5.02 (+10.07%)

03/18/20 Credit Suisse
58.com upgraded to Outperform from Neutral at Credit Suisse
03/13/20 Benchmark
58.com price target lowered to $72 from $83 at Benchmark
03/13/20 CICC
58.com downgraded to Neutral from Outperform at CICC
08/23/19 BOCOM
58.com downgraded to Neutral from Buy at BOCOM
WUBA 58.com
$54.88 /

+5.02 (+10.07%)

WUBA 58.com
$54.88 /

+5.02 (+10.07%)

Hot Stocks
58.com rises 9.2% » 09:47
06/15/20
06/15
09:47
06/15/20
09:47
WUBA

58.com

$54.50 /

+4.64 (+9.31%)

58.com is up 9.2%, or…

58.com is up 9.2%, or $4.61 to $54.42.

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WUBA 58.com
$54.50 /

+4.64 (+9.31%)

WUBA 58.com
$54.50 /

+4.64 (+9.31%)

03/18/20 Credit Suisse
58.com upgraded to Outperform from Neutral at Credit Suisse
03/13/20 Benchmark
58.com price target lowered to $72 from $83 at Benchmark
03/13/20 CICC
58.com downgraded to Neutral from Outperform at CICC
08/23/19 BOCOM
58.com downgraded to Neutral from Buy at BOCOM
WUBA 58.com
$54.50 /

+4.64 (+9.31%)

WUBA 58.com
$54.50 /

+4.64 (+9.31%)

Hot Stocks
58.com enters definitive agreement for going-private transaction » 09:24
06/15/20
06/15
09:24
06/15/20
09:24
WUBA

58.com

$49.86 /

-0.27 (-0.54%)

58.com announced that it…

58.com announced that it has entered into a definitive Agreement and Plan of Merger with Quantum Bloom Group Ltd, an exempted company with limited liability incorporated under the law of the Cayman Islands and Quantum Bloom Company Ltd, an exempted company with limited liability incorporated under the law of the Cayman Islands and a wholly-owned subsidiary of Parent, pursuant to which, and subject to the terms and conditions thereof, Merger Sub will merge with and into the company with the company being the surviving company and becoming a wholly-owned subsidiary of Parent, in a transaction implying an equity value of the company of approximately $8.7B in which the company will be acquired by a consortium of investors. Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, each Class A ordinary share, par value $0.00001 per share, of the company issued, outstanding and not represented by American depositary shares of the company immediately prior to the Effective Time, other than the Excluded Shares and the Dissenting Shares, will be cancelled and cease to exist, in exchange for the right to receive $28.00 in cash without interest, and each outstanding ADS, other than the ADSs representing the Excluded Shares, together with each Share represented by such ADSs, will be cancelled in exchange for the right to receive $56.00 in cash without interest. The merger is currently expected to close during the second half of 2020.

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WUBA 58.com
$49.86 /

-0.27 (-0.54%)

WUBA 58.com
$49.86 /

-0.27 (-0.54%)

03/18/20 Credit Suisse
58.com upgraded to Outperform from Neutral at Credit Suisse
03/13/20 Benchmark
58.com price target lowered to $72 from $83 at Benchmark
03/13/20 CICC
58.com downgraded to Neutral from Outperform at CICC
08/23/19 BOCOM
58.com downgraded to Neutral from Buy at BOCOM
WUBA 58.com
$49.86 /

-0.27 (-0.54%)

WUBA 58.com
$49.86 /

-0.27 (-0.54%)

Over a month ago
Hot Stocks
58.com subsidiary to acquire Shenzhen Wanshifu in cash, stock transaction » 06:33
05/07/20
05/07
06:33
05/07/20
06:33
WUBA

58.com

$52.00 /

+0.38 (+0.74%)

58.com announced that…

58.com announced that Zhuan Zhuan, an online used goods trading platform and a consolidated subsidiary of 58.com, has entered into definitive agreements to acquire 100% equity interest in Shenzhen Wanshifu with a combination of cash in the amount of RMB360M and newly issued Zhuan Spirit shares, Zhuan Zhuan's ultimate holding company. Shenzhen Wanshifu operates the Zhaoliangji app, an online platform for used mobile phones and accessories in China. The transactions contemplated under the definitive agreements are subject to customary closing conditions, and are currently expected to close in the coming months. If the transaction were to close pursuant to the terms in the definitive agreements, the company's equity interest in Zhuan Spirit Holdings would be diluted from 54.6% to less than 50% on fully diluted basis. 58.com is assessing the accounting impact of the proposed transactions, if closed.

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WUBA 58.com
$52.00 /

+0.38 (+0.74%)

03/18/20 Credit Suisse
58.com upgraded to Outperform from Neutral at Credit Suisse
03/13/20 Benchmark
58.com price target lowered to $72 from $83 at Benchmark
03/13/20 CICC
58.com downgraded to Neutral from Outperform at CICC
08/23/19 BOCOM
58.com downgraded to Neutral from Buy at BOCOM
Hot Stocks
58.com receives preliminary non-binding proposal » 08:43
04/30/20
04/30
08:43
04/30/20
08:43
WUBA

58.com

$51.70 /

+0.85 (+1.67%)

58.com has received a…

58.com has received a preliminary non-binding proposal letter from Warburg Pincus Asia, General Atlantic Singapore Fund, Ocean Link Partners, and Jinbo Yao, Chairman of the Board and CEO of 58.com with respect to the proposed "going-private" transaction wherein the consortium proposes to acquire all of the outstanding ordinary shares of the company for $27.50 in cash per ordinary share, or $55.00 in cash per ADS. The board had formed a committee of two independent directors to evaluate the proposed transaction or any alternative strategic option.

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WUBA 58.com
$51.70 /

+0.85 (+1.67%)

03/18/20 Credit Suisse
58.com upgraded to Outperform from Neutral at Credit Suisse
03/13/20 Benchmark
58.com price target lowered to $72 from $83 at Benchmark
03/13/20 CICC
58.com downgraded to Neutral from Outperform at CICC
08/23/19 BOCOM
58.com downgraded to Neutral from Buy at BOCOM
Hot Stocks
58.com retains Houlihan Lokey, Fenwick & West to evaluate acquisition proposal » 07:05
04/27/20
04/27
07:05
04/27/20
07:05
WUBA

58.com

$51.45 /

+0.38 (+0.74%)

58.com announced that the…

58.com announced that the special committee of the company's board, formed to evaluate and consider the previously announced preliminary non-binding acquisition proposal letter dated April 2, or any alternative strategic option that the company may pursue, has retained Houlihan Lokey Limited as its independent financial advisor and Fenwick & West LLP as its legal counsel to assist it in this process.

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WUBA 58.com
$51.45 /

+0.38 (+0.74%)

03/18/20 Credit Suisse
58.com upgraded to Outperform from Neutral at Credit Suisse
03/13/20 Benchmark
58.com price target lowered to $72 from $83 at Benchmark
03/13/20 CICC
58.com downgraded to Neutral from Outperform at CICC
08/23/19 BOCOM
58.com downgraded to Neutral from Buy at BOCOM
Hot Stocks
58.com forms special committee to evaluate non-binding proposal, other options » 06:39
04/20/20
04/20
06:39
04/20/20
06:39
WUBA

58.com

$51.36 /

-0.52 (-1.00%)

58.com announced that its…

58.com announced that its board has formed a special committee consisting of two independent directors, Robert Dodds Jr. and Lily Li Dong, to evaluate and consider the previously announced preliminary non-binding acquisition proposal letter dated April 2, or any alternative strategic option that the company may pursue. The board cautions the company's shareholders and others considering trading the company's securities that no decisions have been made with respect to the proposal or any alternative strategic option that the company may pursue. There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the transaction contemplated by the proposal or that any other transaction will be approved or consummated. The company does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law.

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WUBA 58.com
$51.36 /

-0.52 (-1.00%)

03/18/20 Credit Suisse
58.com upgraded to Outperform from Neutral at Credit Suisse
03/13/20 Benchmark
58.com price target lowered to $72 from $83 at Benchmark
03/13/20 CICC
58.com downgraded to Neutral from Outperform at CICC
08/23/19 BOCOM
58.com downgraded to Neutral from Buy at BOCOM

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