ITMS
5 años hace
Alert: China Stocks Are Screaming Buys
There is a trade war in progress right now. That is old news to anyone paying attention in the world. Most investors would shy away from buying China stocks. In fact, most China stocks are not far from 52 week lows, some even near multi-year lows. However, I believe China stocks are screaming buys right now. I believe we will look back in a year and curse ourselves for not buying every China stock out there. Let me explain…
As US economic data becomes weaker, President Donald Trump will likely realize he needs something to help the economy, especially with the election coming up next year. This will push him to do a deal with China. In addition, as with the ISM and PMI economic data signaling, the US economy is weakening fast. Trump will rush to get a China deal sooner, therefore giving China a better deal. Overall, China stocks that have been hurt by the trade war and the economic impact on China will see a massive windfall rebound. Companies like $SINA, $SOHU and even $BIDU could see 50% upside in a year if this happens, maybe even more.
Gareth Soloway
InTheMoneyStocks
whytestocks
5 años hace
News: $SINA SINA Reports Second Quarter 2019 Unaudited Financial Results
BEIJING , Aug. 19, 2019 /PRNewswire/ -- SINA Corporation (the "Company" or "SINA") (NASDAQ: SINA), a leading online media company serving China and the global Chinese communities, today announced its unaudited financial results for the second quarter ended June 30, 2019 . Second Qu...
In case you are interested SINA Reports Second Quarter 2019 Unaudited Financial Results
eastunder
8 años hace
Citigroup Inc. Begins Coverage on Sina Corp. (SINA)
Posted by Jared Coughlin on Aug 5th, 2016
http://www.com-unik.info/citigroup-inc-begins-coverage-on-sina-corp-sina/
Sina Corp. logoCitigroup Inc. initiated coverage on shares of Sina Corp. (NASDAQ:SINA) in a research report issued on Friday. The firm set a “buy” rating and a $69.00 price target on the stock. Citigroup Inc.’s price objective points to a potential upside of 23.32% from the stock’s current price.
Several hedge funds have added to or reduced their stakes in SINA. First Manhattan Co. acquired a new stake in Sina Corp. during the second quarter valued at approximately $21,142,000. Norges Bank acquired a new stake in Sina Corp. during the fourth quarter valued at approximately $19,510,000. Ariose Capital Management Ltd acquired a new stake in Sina Corp. during the second quarter valued at approximately $17,320,000. Macquarie Group Ltd. increased its stake in Sina Corp. by 4.7% in the fourth quarter. Macquarie Group Ltd. now owns 3,416,015 shares of the company’s stock valued at $168,756,000 after buying an additional 153,200 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in Sina Corp. during the first quarter valued at approximately $7,013,000.
Shares of Sina Corp. (NASDAQ:SINA) opened at 55.95 on Friday. The stock’s 50 day moving average is $52.27 and its 200-day moving average is $48.59. The stock has a market cap of $3.91 billion and a PE ratio of 70.73. Sina Corp. has a 12-month low of $32.61 and a 12-month high of $56.00.
Sina Corp. (NASDAQ:SINA) last posted its quarterly earnings results on Wednesday, May 11th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. During the same quarter in the prior year, the firm posted $0.04 EPS. The business earned $198.70 million during the quarter, compared to the consensus estimate of $189.47 million. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities analysts expect that Sina Corp. will post $0.85 EPS for the current year.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Sina Corp. from a “buy” rating to a “hold” rating in a research report on Friday, May 20th. Brean Capital reaffirmed a “buy” rating on shares of Sina Corp. in a research report on Tuesday, June 7th. Finally, Jefferies Group raised shares of Sina Corp. from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Friday, July 22nd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Sina Corp. has an average rating of “Buy” and an average target price of $54.93.
Sina Corporation is an online media company serving China and the global Chinese communities. The Company’s digital media network of SINA.com (portal), SINA mobile (mobile portal and mobile applications) and Weibo (social media) enables Internet users to access professional media and user generated content (UGCs) in multi-media formats from personal computers and mobile devices, and share their interests with friends and acquaintances.
eastunder
9 años hace
SINA
Robust Weibo Growth Drives Q4 Results For Sina
http://www.forbes.com/sites/greatspeculations/2016/03/09/robust-weibo-growth-drives-q4-results-for-sina/?utm_campaign=yahootix&partner=yahootix#5ee9c72917cf
Trefis Team, Contributor
Sina reported a 21% annual increase in net revenues to $256 million in Q4’15. Correspondingly, full year revenues were up by 15% year over year to $881 million. Growth was largely driven by the company’s social media platform Weibo, which reported nearly 42-43% growth in revenues in Q4 and through the year to $149 million and $478 million, respectively. The tables below show a split of Sina’s top line by business segments and revenue streams.
Within the advertising business, particularly on Weibo, Sina reported that the ad revenue from the small and medium enterprise customer base was the fastest growing segment with a nearly 100% growth rate through the December quarter. As a result, the contribution of ad revenues from SME customers were up to 39% of total advertising revenues for the quarter, from about 24% of total advertising revenues in the year-ago period.
On the other hand, Sina’s core portal business continued to struggle with revenues staying flat over the previous year quarter at just under $94 million. Moreover, full year revenues were down by over 9% year over year to $341 million. Increasing competition in the online advertising market and negative currency fluctuations drove portal revenues to decline through the year. Despite the fall in revenues, the company witnessed consistent growth in mobile traffic and ad revenues on mobile platforms. The company expects the increase in mobile traffic to continue through 2016, which could eventually drive revenue growth for this segment.
Sina’s management has given soft revenue guidance for fiscal 2016, with revenues expected to grow by 4-5% at the midpoint of the guided range. We have a revised $48 price estimate for Sina’s stock, which is over 15% higher than the current market price. Sina’s stock price has fluctuated between $40 and $50 since the beginning of the year.
eastunder
9 años hace
Chinese tech ADRs including SINA, TENCENT and Baidu Inc witnessed a surge today after Asian markets closed higher on Friday. The rally in Asia came on the back of quantitative easing by the European Central Bank (ECB) and rising oil prices in light of the International Energy Agency highlighting a bottom out. Additionally, investor sentiment in Hong Kong took a turn for the better as the People’s Bank Of China boosted the Yuan. The Hang Seng China Enterprises Index went up by 1.68%, rising for the first time in four days.
SINA Corp (NASDAQ:SINA) shares rallied by 6.5% in the early trading hours today. Earlier this month, the company unveiled its earnings results for the fourth quarter, surpassing Street estimates in terms of both top and bottom line. For the quarter, Sina earned a profit of 35 cents per share on revenue of $256.2 million compared consensus estimates of 33 cents per share and $241.73 million. Investment firm Brean Capital believes that the company will witness expansion in its margins this year and recommends investors to buy the stock on the back of Weibo’s strong performance.
http://www.bidnessetc.com/65326-sina-baidu-tencent-chinese-internet-adrs-rallying-today/
eastunder
10 años hace
Sina Corp (NASDAQ: SINA) announced that it has entered into a legally binding subscription agreement with Mr. Charles Chao, Chairman of SINA's board of directors and Chief Executive Officer, for the issuance and sale of 11,000,000 newly issued ordinary shares of the Company to Mr. Chao. Pursuant to the agreement, Mr. Chao will subscribe for and purchase directly or through a special purpose vehicle beneficially owned and controlled by him, 11,000,000 newly issued ordinary shares of SINA for a total purchase price of approximately US$456 million in cash. The per share purchase price of US$41.49 represents the average closing trading price of SINA's ordinary shares for the 30 trading days ended May 29, 2015 and is higher than the closing trading price on May 29, 2015, the last trading day before the signing of the subscription agreement. Mr. Chao has agreed to subject all the shares he or his affiliate will acquire in the transaction to a contractual lock-up restriction for six months after the closing. The closing is expected to take place upon satisfaction of customary closing conditions.