Sina Corporation (SINA)

[winston]

vested

Sina

Pros: PE 40; Revenue 60%; Buybacks US$500m; Cash US$2b; Owns 46% Weibo; RNAV Discount: 50%;

Future: Buybacks; Distribution of Weibo shares; Privatisation by Alibaba?; CDR;

Cons: Higher Expenses; Sporting Rights; Weak RMB (Reporting in USD)

[winston]

vested

SINA Drops After Another Solid Quarter

by Steve Symington

Both SINA and Weibo have faced challenges driving advertising growth within the small and medium enterprise (SME) market segment, as well as headwinds from unfavorable foreign exchange rates.

Source: The Motley Fool

https://finance.yahoo.com/news/sina-dro ... 00681.html

[winston]

SINA Q2 Earnings Beat, Advertising Revenue Growth Solid

Non-GAAP net revenues grew 50.1% to $534.8 million.

Advertising revenues (84.5% of total revenues) surged 53.8% year over year to $454.1 million.

Non-advertising (non-GAAP) revenues increased 31.9% year over year to $80.7 million driven by increased revenues from SINA fin-tech business and live broadcasting business as well as increased Weibo membership fees.

Source: Zacks Equity Research

https://finance.yahoo.com/news/sina-q2- ... 02927.html

[winston]

vested

What Makes SINA Corporation (SINA) a Strong Sell?

SINA Corporation (SINA) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.

What Makes SINA Corporation (SINA) a Strong Sell?

SINA Corporation (SINA) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.

Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns.

Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.

One such stock that you may want to consider dropping is SINA Corporation SINA, which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in SINA.

A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen two estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $3.33 a share a month ago to its current level of $3.17.

Also, for the current quarter, SINA Corporation has seen two downward estimate revision versus no revisions in the opposite direction, dragging the consensus estimate down to 74 cents a share from $1.00 over the past 30 days.

The stock also has seen some pretty dismal trading lately, as the share price has dropped 12.4% in the past month.

Sina Corporation Price and Consensus

Sina Corporation Price and Consensus | Sina Corporation Quote

So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.

Source: Zack's

[winston]

vested

SINA Falls on Regulatory Worries in China

The Chinese internet media leader delivered impressive fourth-quarter results, but cautioned investors looking to the new year.

by Steve Symington

Rev: 14%
EPS: -63%

Weibo's monthly active users climbed by 70 million from the year-ago period to 462 million, growing faster than the overall Chinese internet population last year.

The portal ad business was hurt by advertising budget cuts at small and medium enterprise customers in industries under tightened government regulation, including fintech and online gaming.

We continue to face challenges in tightened regulation of contents scrutiny and the online finance, as well as macro uncertainties eroding advertisers' sentiment.

Source: TMF

https://www.fool.com/investing/2019/03/ ... rries.aspx

[winston]

vested

Mar 7, 2019

Should You Buy SINA After Its Post-Earnings Dip?

A weak portal business and fintech headwinds are overshadowing the growth of Weibo and its online ads.

by Leo Sun

SINA expects its full-year GAAP revenue to rise 16% to 23% in U.S. dollar (USD) terms, which meets expectations for 20% growth, and 18% to 25% on a constant-currency basis.

Source: TMF

https://www.fool.com/investing/2019/03/ ... s-dip.aspx

[winston]

not vested

Sina.com is a notable digital media network, while Sina mobile has a mobile portal and mobile apps. Weibo is the social media enabler for the firm.

The company reported Q4 results on March 5. Revenue grew 14% from last year, helped by a 14% year-on-year increase in ad revenue, to $484.3 million.

Gross margin improved to 79%, up from 75% last year.

Sina spent more for the year, although some of the increase is due to accounting changes and goodwill and an acquired intangibles impairment charge for its non-core business line.

The company ended 2018 with $2.3 billion in cash and cash equivalents. This fell from the previous year, due to a share repurchase program and a repayment of convertible senior notes.

Source: Investor Place

[winston]

vested

Chinese Regulators Crack Down on SINA Again

SINA suspends its news and blog platforms for a month in response to complaints about fake news and pornography.

by Leo Sun

Apr 18, 2019

SINA stated that the services would remain offline for a month as it tightened its censorship standards.

Weibo now trades at 19 times forward earnings, compared to SINA's forward P/E of 15.

Source: The Motley Fool

https://www.fool.com/investing/2019/04/ ... again.aspx

[winston]

vested

SINA Reports First Quarter 2019 Unaudited Financial Results

First Quarter 2019 Highlights

Both net revenues and non-GAAP net revenues increased 8% year-over-year to $475.1 million and $472.5 million.

Advertising revenues increased 6% year-over-year to $388.0 million.

Non-advertising revenues increased 18% year-over-year to $87.1 million.

Non-GAAP non-advertising revenues increased 19% year-over-year to $84.5 million.

Income from operations increased 19% year-over-year to $86.9 million.

Non-GAAP income from operations increased 21% year-over-year to $114.2 million.

Net income attributable to SINA was $33.1 million, or $0.46 for diluted net income per share attributable to SINA's ordinary shareholders.

Non-GAAP net income attributable to SINA was $28.9 million, or $0.40 for non-GAAP diluted net income per share attributable to SINA's ordinary shareholders.

Gross margin for the first quarter of 2019 was 76%, compared to 75% for the same period last year.

Source: PR Newswire

https://finance.yahoo.com/news/sina-rep ... 00788.html

[winston]

vested

Jun 17, 2019

Could SINA Delist Its U.S. Shares and Relist in China?

A newly proposed U.S. auditing bill could spark an exodus of Chinese stocks from U.S. exchanges.

by Leo Sun

U.S. lawmakers recently proposed a bill that would require U.S.-listed foreign companies to open their books to American auditors, and the proposal could convince companies like SINA to consider leaving U.S. investors behind.

The law would go into effect in 2025 and be enforced after a three-year grace period.

Source: Motley Fool

https://www.fool.com/investing/2019/06/ ... china.aspx