Make a range with 80 % certainty

If you make predictions, you will

  • affect the crowd forecast;
  • be allowed to participate in the discussion; and
  • get a score when the target date arrives. Are you underconfident, overconfident, or well-calibrated? Are you too pessimistic, too optimistic, or spot on?

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dmoney Well-calibrated. Correct 80 % of the time. 4199.01
$60 $120 forecast for 2021-12-31

58.com is the leading classifieds site in China. The competition is increasing, but at the same time the Chinese classifieds market is growing fast.

58.com had a ok 2019Q3 with good YoY growth in revenue and earnings, but the user growth in their main business areas was less impressive. The market however seemed more impressed than me and the stock has gone up with 30% since mid november 2019.

The company is super solid with a strong balance sheet and no debt. The stock price is closing in on a technical resistance level at around 68 and the stock might have problems blowing past that level in the short term. I expect a slightly upward trend going forward over the next two years.

dmoney Well-calibrated. Correct 80 % of the time. 4199.01
$49 $68 forecast for 2020-02-29

58.com might still have a long way to fall in the coming month. Flu epidemic in China and solid support first on 50, and a lot of people might try to take some profit while they can after the 35% bull run in late 2019. Strong 2019Q4 results might help reducing the fall.

My predictions
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