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July 24, 2014
10:54 EDTWB, VIPS, SOHU, CMCM, JMEI, DANGChina's Weibo, Jumei advance after Citi starts coverage with Buy ratings
Shares of Chinese microblog Weibo (WB) and Chinese online beauty product retailer Jumei International (JMEI) are rising after Citigroup initiated coverage of both stocks with Buy ratings. WEIBO: Citigroup analyst Thomas Chong initiated coverage of Weibo with a Buy rating, saying that the company has established a solid, popular brand. Moreover, the company's ad revenue should rise as more small and medium businesses look to advertise on the website, Chong wrote. Additionally, Weibo is slated to fully launch a payment system for companies in the second half of 2014 and this system should help the company sell more ads, the analyst forecast. He set a $22.60 price target on the shares. JUMEI: Jumei International has executed well by recommending quality products to its customers and is establishing a trustworthy brand, Chong believes. The company has a loyal customer base of more than 10M and it is likely to shift to selling many more higher margin private label and exclusive products, the analyst stated. He set a $32.60 target on the shares. WHAT'S NOTABLE: Chong also initiated coverage of Chinese Internet companies (SOHU), Dangdang (DANG), Cheetah Mobile (CMCM), and Vipshop (VIPS) with Buy ratings today. Sohu provides online games and a search engine, while Dangdang is an e-commerce company specializing in books. Cheetah Mobile sells applications for the mobile Internet and Vipshop is an online discount retailer. PRICE ACTION: In mid-morning trading, Weibo rose 1.4% to $19.58 and Jumei climbed 5.25% to $29.49.
News For WB;JMEI;SOHU;DANG;CMCM;VIPS From The Last 14 Days
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March 25, 2015
08:41 EDTCMCMCheetah Mobile announces strategic investment in Nanigans
Cheetah Mobile announced that it has made a strategic investment in Nanigans, as the lead investor in Nanigans' $24M Series B financing.
March 24, 2015
10:09 EDTCMCMHigh option volume stocks
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March 20, 2015
09:24 EDTCMCMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: (CTRP), up 20.1%... Rally Software (RALY), up 17.3%... Nike (NKE), up 5.2%... Darden Restaurants (DRI), up 4.3%... Cheetah Mobile (CMCM), up 3.6%. ALSO HIGHER: Prothena (PRTA), up 40.2% after reporting positive results from Phase 1 study of PRX002... Viggle (VGGL), up 26.9% after confirming receipt of offer from chairman and CEO Robert Sillerman... Intercept Pharmaceuticals (ICPT), up 8.5% after announcing new data analyses from FLINT trial... Biogen Idec (BIIB), up 9.7% after presenting positive interim results from study of aducanumab... Pier 1 Imports (PIR), up 5.2% after being upgraded to Outperform from Perform at Oppenheimer... JinkoSolar (JKS), up 2.8% after announcing that it will supply 75 MWdc of its PV solar modules to Red Horse 2 project and following a strategic collaboration agreement with DuPont (DD). DuPont is up just under 1%. DOWN AFTER EARNINGS: AK Steel (AKS), down 6.8%... Youku Tudou (YOKU), down 4.9%... Tiffany (TIF), down 3.3%. ALSO LOWER: Macerich (MAC), down 7.7% after Simon makes $95.50 per share "best and final" offer.
09:17 owned Sogou plans U.S. IPO with $3B valuation, Bloomberg reports
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07:08 EDTCMCMCheetah Mobile sees Q1 revenue $103M-$105M, consensus $100.76M
07:08 EDTCMCMCheetah Mobile reports Q4 total global mobile user installations up 26.3%
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07:08 EDTCMCMCheetah Mobile reports Q4 non-GAAP EPS 10c, consensus 9c
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March 17, 2015
09:25 EDTJMEIOn The Fly: Pre-market Movers
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March 16, 2015
19:00 EDTJMEIOn The Fly: After Hours Movers
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16:18 EDTJMEIJumei sees Q1 revenue $224.5M-$232.3M, consensus $213.62M
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16:17 EDTJMEIJumei reports Q4 EPS 7c, consensus 14c
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10:07 EDTJMEIHigh option volume stocks
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06:06 EDTCMCMCheetah Mobile acquires MobPartner for $58M
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