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Bitauto Hldg Ltd (ADR) (BITA) [hlAlert]

Rating:
Buy BITA
up 39.76 %

Bitauto Hldg Ltd (ADR) (BITA) rated Buy by HSBC Securities

Posted on: Wednesday,  Jan 27, 2016  10:25 AM ET by HSBC Securities

HSBC Securities rated Buy Bitauto Hldg Ltd (ADR) (NYSE: BITA) on 01/27/2016, when the stock price was $19.59.
Since then, Bitauto Hldg Ltd (ADR) has gained 39.77% as of 01/27/2016's recent price of $27.38.
If you would have followed this HSBC Securities's recommendation on BITA, you would have gained 39.76% of your investment in 0 days.

Bitauto Holdings Limited (Bitauto) is a holding company. The Company is a provider of Internet content and marketing services for People?s Republic of China?s automotive industry. Its bitauto.com and ucar.cn Websites provide consumers with up-to-date new and used automobile pricing information, specifications, reviews and consumer feedback. Through its vertical plus portal model, the Company also distribute its dealer customers? automobile pricing and promotional information through 67 partner Websites, including major portals operated by Tencent, Sina, Netease, Yahoo China and Tom Online. It has three segments: bitauto.com business, ucar.cn business and digital marketing solutions business. The Company conducts all of its business through its operating subsidiary, Beijing Bitauto Internet Information Company Limited (BBII) and its consolidated special purpose entities (SPEs) in People?s Republic of China.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/27/2016 10:25 AM Buy
None
19.59
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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