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SINA.O

ISIN: KYG814771047
SEDOL: 2579230

Rating:

BUY

Target Price:

30.00 USD

Investment Horizon:

6 to 12 months
27th Jul 2009 View Report   Download

Company News Alert

Sina.com, Inc. (Sina) announced an agreement with E-House Holding Limited (E-House) to merge its online real estate business with E-House's wholly owned subsidiary CRIC. Sina is expecting to see benefits in terms of expanding its base in offline real estate and information services. Furthermore we expect the Chinese online advertising market to improve and regain growth momentum in the medium-to-long term, with an anticipated recovery in the Chinese…

10th Jun 2009 View Report   Download

1Q 09 News Alert

Sina Corporation (Sina) reported weak y-o-y results in 1Q 09 due to poor performance in its Advertising business. Earnings were below our estimate on account of higher-than-expected cost of revenues coupled with higher selling & marketing and product development expenses. On a sequential basis, total revenues declined on account of negative growth in Advertising revenues during the quarter....

6th Apr 2009 View Report   Download

4Q 08 & FY 2008 Update Report

Despite macro-economic concerns affecting the advertising market in China, Sina’s competitive position and strong brand recognition in the online advertising market will enable it to take advantage of the growing Internet penetration and an increasing shift of corporate advertising spend by large and medium enterprises from offline to online media. However, to maintain its position in the…

17th Mar 2009 View Report   Download

4Q 08 News Alert

Sina Corporation (Sina) reported a strong set of y-o-y results in 4Q 08, driven by growth in Advertising and Non-advertising revenues. Net level performance also grew strongly, aided by a reduced effective tax rate. While both the top-line and bottom-line exceeded our estimates, operating performance fell short of our expectations due to rising cost of revenues. On a sequential basis, total revenues fell on account of negative growth…

10th Mar 2009 View Report   Download

Company News Alert

Sina.com, Inc. (Sina) NASDAQ common stock has declined significantly since our 3Q 08 update report, reflecting weakness in equity markets and as poor economic conditions in China continue to impact its online advertising market. In addition, Sina’s decision to purchase the offline advertising business of Focus Media Holding Limited (FMCN) has added to investor concerns given the present state of the advertising industry in China....