SAN FRANCISCO,Nike Mercurial Vapor Superfly III FG, November 30 morning news, the U.S. investment bank ThinkEquity released research report, Sina (Nasdaq: SINA) shares a .
Following is a summary of their contents:
research General:
Sina stock has been under pressure recently because investors in the Chinese company's corporate governance faced by regulatory measures concern. Although we believe Sina in the near future will still be faced with these worrying factors, but we continue to be optimistic about Sina's stock because of its healthy user participation, and is expected Sina microblogging platform, is about to be commercialized. We expect that the Sina portal advertising, mobile, investment and cash valued at approximately $ 65 per share to $ 70, indicating that the current valuation of the Sina microblogging negative. Based on the valuation of $ 3,000,000,000 of the Sina microblogging Sina target price set at $ 115. We continue to recommend buying Sina's stock.
study points:
* We believe that corporate governance for Sina fears overdone. Worried investors Sina recent write-down of the investment value held by the China Real Estate Information Corporation (Nasdaq: CRIC) and Mecoxlane (Nasdaq: MCOX) held its stock cautious. However, we believe that these investments have long-term strategic significance,Puma Brazil Edition Series Cheap, mainly due to losses resulting from market conditions and the deteriorating macroeconomic environment.
* microblogging visibility of SMEs to provide localized support. For some time, when Chinese SMEs seeking to obtain localized visibility and exposure, Baidu's keyword search marketing is their only option. However, we believe that this case should be over time and gradually changed the microblogging increasingly small and medium enterprises as a marketing tool, to carry out activities with its customers and to promote their products.
* X microblogging platform to help build the ecosystem of Sina microblogging. The Sina X microblogging platform not only has the same core functionality and Sina microblogging, but also gives developers the flexibility to add custom applications to meet the special needs. The most important thing is, X microblogging can connect the user Sina microblogging accounts and other microblogging account. Sina microblogging users continue to increase in the number of circumstances, we believe that more and more media companies are likely to start using X microblogging to create your own microblogging platform, network effects should help to Sina to expand their microblogging ecosystem.
* promising e-commerce activities on the Sina microblogging platform. We note that the brands and advertisers in the past few months, more and more use of the Sina microblogging account to promote its own products. According to our research shows, the coupon applications available in the Sina microblogging platform has more than 60 of these applications can help users to track and apply for trading on the Internet and physical retail outlets.
attractive valuations. We expect that the Sina portal advertising,MBT UK Sale, mobile, investment and cash valued at approximately $ 65 per share to $ 70, indicating that the current valuation of the Sina microblogging negative. Based on the valuation of $ 3,Gucci Bikini For Sale,000,buy mbt shoes cheap,000,000 of the Sina microblogging Sina target price set at $ 115. We continue to recommend buying Sina's stock. We expect that the end of 2011 and the end of 2012, the average daily number of active users of Sina will be able to reach about 26 million people and about 38 million people. Based on this, our valuation of $ 3,000,000,000 of the Sina microblogging means that the per capita contribution in 2012 from the average daily active users for $ 79 46% lower than the comparable data with the United States, comparable with 2012 competitors data low 6%.
valuation:
sum method of valuation based on classification analysis, we will Sina's 12 month target price set at $ 115. We expect that not included in the microblogging investment, Sina 2012 fiscal year earnings per share of the advertising business for $ 2.38, a price-earnings ratio of 21 times; non-advertising business in fiscal year 2012 earnings per share of $ 0.33, the price-earnings ratio of 10 times. Given our expected growth rate of our advertising business will be more than the relatively flat growth rate of 20% and non-advertising business, we think that this expectation is reasonable. In addition, on the Sina ($ 3.50 per share),jewelry pandora cheap, Mecoxlane investment ($ .24 per share), potatoes (microblogging), Nasdaq: TUDO) investment ($ 0.25 per share held by the China Real Estate Investment ), $ 11.30 per share in net cash, as well as on the Sina microblogging valuation as $ 46 per share expected, the results Sina target price is $ 115. (Tang Style)
share:> Report: Barclays Capital, the maintenance of future asset The Sina holdings rating target price of $ 103 United States to maintain the stock of Sina Buy rating target price of $ 102 to reiterate Sina buy rating: microblogging strategy good progress THCapital: Sina microblogging and video services should be optimistic about Morgan Stanley: Sina microblogging profitability model show Sina science and technology official microblogging microblogging Recommend |
Following is a summary of their contents:
research General:
Sina stock has been under pressure recently because investors in the Chinese company's corporate governance faced by regulatory measures concern. Although we believe Sina in the near future will still be faced with these worrying factors, but we continue to be optimistic about Sina's stock because of its healthy user participation, and is expected Sina microblogging platform, is about to be commercialized. We expect that the Sina portal advertising, mobile, investment and cash valued at approximately $ 65 per share to $ 70, indicating that the current valuation of the Sina microblogging negative. Based on the valuation of $ 3,000,000,000 of the Sina microblogging Sina target price set at $ 115. We continue to recommend buying Sina's stock.
study points:
* We believe that corporate governance for Sina fears overdone. Worried investors Sina recent write-down of the investment value held by the China Real Estate Information Corporation (Nasdaq: CRIC) and Mecoxlane (Nasdaq: MCOX) held its stock cautious. However, we believe that these investments have long-term strategic significance,Puma Brazil Edition Series Cheap, mainly due to losses resulting from market conditions and the deteriorating macroeconomic environment.
* microblogging visibility of SMEs to provide localized support. For some time, when Chinese SMEs seeking to obtain localized visibility and exposure, Baidu's keyword search marketing is their only option. However, we believe that this case should be over time and gradually changed the microblogging increasingly small and medium enterprises as a marketing tool, to carry out activities with its customers and to promote their products.
* X microblogging platform to help build the ecosystem of Sina microblogging. The Sina X microblogging platform not only has the same core functionality and Sina microblogging, but also gives developers the flexibility to add custom applications to meet the special needs. The most important thing is, X microblogging can connect the user Sina microblogging accounts and other microblogging account. Sina microblogging users continue to increase in the number of circumstances, we believe that more and more media companies are likely to start using X microblogging to create your own microblogging platform, network effects should help to Sina to expand their microblogging ecosystem.
* promising e-commerce activities on the Sina microblogging platform. We note that the brands and advertisers in the past few months, more and more use of the Sina microblogging account to promote its own products. According to our research shows, the coupon applications available in the Sina microblogging platform has more than 60 of these applications can help users to track and apply for trading on the Internet and physical retail outlets.
attractive valuations. We expect that the Sina portal advertising,MBT UK Sale, mobile, investment and cash valued at approximately $ 65 per share to $ 70, indicating that the current valuation of the Sina microblogging negative. Based on the valuation of $ 3,Gucci Bikini For Sale,000,buy mbt shoes cheap,000,000 of the Sina microblogging Sina target price set at $ 115. We continue to recommend buying Sina's stock. We expect that the end of 2011 and the end of 2012, the average daily number of active users of Sina will be able to reach about 26 million people and about 38 million people. Based on this, our valuation of $ 3,000,000,000 of the Sina microblogging means that the per capita contribution in 2012 from the average daily active users for $ 79 46% lower than the comparable data with the United States, comparable with 2012 competitors data low 6%.
valuation:
sum method of valuation based on classification analysis, we will Sina's 12 month target price set at $ 115. We expect that not included in the microblogging investment, Sina 2012 fiscal year earnings per share of the advertising business for $ 2.38, a price-earnings ratio of 21 times; non-advertising business in fiscal year 2012 earnings per share of $ 0.33, the price-earnings ratio of 10 times. Given our expected growth rate of our advertising business will be more than the relatively flat growth rate of 20% and non-advertising business, we think that this expectation is reasonable. In addition, on the Sina ($ 3.50 per share),jewelry pandora cheap, Mecoxlane investment ($ .24 per share), potatoes (microblogging), Nasdaq: TUDO) investment ($ 0.25 per share held by the China Real Estate Investment ), $ 11.30 per share in net cash, as well as on the Sina microblogging valuation as $ 46 per share expected, the results Sina target price is $ 115. (Tang Style)
share:> Report: Barclays Capital, the maintenance of future asset The Sina holdings rating target price of $ 103 United States to maintain the stock of Sina Buy rating target price of $ 102 to reiterate Sina buy rating: microblogging strategy good progress THCapital: Sina microblogging and video services should be optimistic about Morgan Stanley: Sina microblogging profitability model show Sina science and technology official microblogging microblogging Recommend |
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