129810431503125000_65Roth maintaining Sina buy rating
NetEase tech news on May 9
Diablo 3 power leveling, Roth investment report released today, maintaining Sina a "buy" rating on the stock, target price is US $ 100. The main contents of the report are as follows: SINA will be announced May 15, 2012 first-quarter results. We expect their performance to be in line with expectations, but its second-quarter results are expected to be weak. We still think that microbloggingIs an important value drivers of the company's future. We maintain Sina a "buy" rating on the stock, target price is US $ 100. We expect the results for the first quarter of 2012 forward, SINA's first-quarter revenues (non-United States GAAP calculation) to $ 102.9 million and diluted loss per share of $ 0.22
Diablo 3 gold, the market average is 1. $ 2.6 billion and $ 0.23, advertising revenues of us $ 78.9 million (fell to 24%, an increase of 9%), is the company within the expected range of $ 78 million to $ 80 million, mobile revenues of us $ 20.6 million (fell to 3%, down 3%) and other income of us $ 3.3 million (fell by 11.6%, An increase of 75%). We expect the company's gross profit margin is 51.9%, lower than the previous quarter and 56.4% per cent over the same period last year, operating profit margin-21.2%, 12.1% for the same period last year. Operating margin was falling sharply, mainly because of microblogging services (research and development expenses grew by 231%) of investment.Performance expectation we expect, SINA 2012 second-quarter revenues (according to non-United States GAAP calculation) will amount to $ 129.4 million (rose 25.8%, an increase of 13.3%), average market expectations of $ 130.5 million. We estimate that advertising revenue will amount to $ 104.7 million (up 14%), the y/y increaseWeak may far exceed the expected number of competitors (brand advertising Sohu expects the second quarter increase in revenue will be at 0.4% per cent). We expect diluted earnings per share of $ 0.10
Diablo 3 CD-KEY, below market expectations of $ 0.07. For the year 2012, we estimate that SINA's total revenues (in accordance with the non-United States GAAP meterCount) will amount to $ 539 million (up 16%), diluted earnings per share of $ 0.31, market expectations of $ 545 million, respectively, and $ 0.44. We believe Sina Sina weibo microblog of registered users has reached 330 million, 2012 new 30 million users in the first quarter, daily active users and about 30 million(That is, the total amount of user 9-10%). We expect part of weibo primary currency will appear on the second or third quarter, mainly associated with the London Olympic Games. SINA microblog on the initial brand advertising is relatively limited, sold only for SINA's best customers. Monetization opportunities for greater concern Enterprise microblogging is still in beta phase 2. Despite the earlyAdvertising price list has been distributed to customers, but given that SINA is still focused on growth of corporate accounts, we do not think that SINA will appear before 2013 of substantial monetary. SINA announced yesterday that it will be setting up a "jury" system "microblogging Community Council" to help remove false rumors, resolving disputes between Twitter users. (Lebang.NET.CN)
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