- Vipshop's (NYSE:VIPS) in-line Q4 guidance "may prove conservative," says JG Capital's Henry Guo, reiterating an Overweight. Barclays' Alicia Yap feels likewise.
- Morgan Stanley's Robert Lin is also staying bullish, but notes Vipshop's Q3's active customer count and orders were soft on a Q/Q basis - the former only rose by 200K, and the latter fell by 800K (its first-ever Q/Q drop). He suspects Vipshop's acquisition of online beauty/fashion product retailer Lefeng took a toll, as did tough comps caused by a successful Q2 promotion.
- Shares still +169% YTD.
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Q3 results, guidance/details