Sina Corporation (SINA)

Re: Sina Corporation (SINA)

Postby winston » Wed Jun 07, 2017 5:29 pm

Sohn Hong Kong: How to Own Weibo Without Buying the Stock

By Isabella Zhong Updated June 7, 2017 2:57 a.m. ET

James Tu, managing partner and co-founder of Nine Masts Capital Management, is a fan of China microblogging platform Weibo (WB).

Weibo grew advertising revenues by a speedy 71% year-on-year in the March quarter. But the stock trades at a dizzying 51 times forward earnings following a 166% rally over the past year.

Tu recommends that investors get exposure to Weibo through the platform's parent company Sina. Sina's stake in Weibo is set to decrease to approximately 46%.

Tu points out the implied price per share for Weibo in Sina's share price is $35.55, meaning there's a 52% margin of safety to the $75.48 a share at which Weibo currently trades.

For more risk averse investors, an alternative is to buy Sina's convertible bonds, which Tu says offers the best risk-reward balance.

Tu summarizes his thesis as: "Buy Sina convertible bonds, which give you a balanced exposure to Sina, which has a Chairman who is doing everything in his power to close the value discount in Sina by either spinning off Weibo shares or buying large amounts of Sina shares."

Source: Barron's Asia

http://www.barrons.com/articles/sohn-ho ... yptr=yahoo
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Sina Corporation (SINA)

Postby winston » Thu Aug 17, 2017 2:50 pm

not vested

Cash-Rich Stocks to Buy: Sina (SINA)

Cash and short-term investments: $2.1 billion

Sina Corp (NASDAQ:SINA) has more than $2 billion in cash on its books, modest debt and a 46% stake in Weibo Corp (ADR) (NASDAQ:WB), the social media business it spun off in 2014.

And the easy argument for SINA stock is that those assets alone are worth more than a current $7 billion market cap.

In fact, Sina’s stake in Weibo should be worth in the neighborhood of $9 billion alone. That doesn’t include the cash on the books, or the value of Sina’s struggling portal business, which has made a bit of a rebound in the past few quarters.

To its credit, Sina is trying to close the valuation gap somewhat. It continues to distribute WB stock directly to its shareholders, releasing about 3% of Weibo in a distribution last month.

It has a $500 million share buyback underway.

The smartest course of action appears to be to continue those shareholder-friendly efforts, in a move to get the market value of SINA stock closer to the sum of the parts valuation.

And with Alibaba Group Holding Ltd (NYSE:BABA) a potential acquirer of both Sina and Weibo down the line, the more Sina uses its cash — and stock — to reward shareholders now, the greater the rewards could be in the future as well.

Source: Investor Place
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Sina Corporation (SINA)

Postby winston » Thu Aug 17, 2017 8:15 pm

not vested

SINA Downgraded To Strong Sell On Uncertain Future Outlook

We believe that continuing investments in Weibo and other verticals like Internet finance, automobile and sports will hurt profitability, going forward.

SINA’s monetization efforts may see regulatory pressure due to restrictions imposed by the Chinese government, which may hurt subscriber growth.

The company is also seeing some headwinds in regards to obtaining new media rights for sports in China.


Additionally, competition within the online advertising business in China is fierce, with rapid technological changes along with frequent new product and service rollouts.


Source: Zacks Investment Research

https://www.investing.com/analysis/sina ... -200207164
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Sina Corporation (SINA)

Postby winston » Wed Nov 08, 2017 7:28 am

not vested

Why SINA Corporation Stock Dropped Today

Shares of Chinese internet media specialist fell in spite of strong quarterly results. Here's what investors need to know.

by Steve Symington

SINA's adjusted net revenue climbed 62% year over year to $443.1 million, which translated to adjusted net income (attributable to SINA) of $57.7 million, or $0.77 per share.

Both the top and bottom lines exceeded investors' expectations for adjusted earnings of $0.75 per share on revenue of $406.5 million.


Driving SINA's top-line growth was a 56% increase in advertising revenue (to $364 million), primarily from SINA's stake in micro-blogging site Weibo.

Adjusted non-advertising revenue also grew 98%, to $76.6 million, thanks to a combination of growth in Weibo membership fees, live broadcasting, and new revenue from SINA's online finance business.


Source: Motley Fool

https://www.fool.com/investing/2017/11/ ... today.aspx
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Sina Corporation (SINA)

Postby winston » Wed Nov 29, 2017 1:12 pm

not vested

Stocks to Double Your Money: Weibo (WB)

It’s crazy to think how well shareholders in Weibo Corp (ADR) (NASDAQ:WB) have done since its IPO in April 2014 at $17 a share.

WB stock is up 68% annually with 37% in calendar 2015, 108% in 2016 and 188% year to date through Nov. 24.

Doubling in each of the past two years, Weibo’s going to need to keep the pedal to the metal if it wants to do it again over the next 12 months.

However, if there’s a Chinese stock that can do it, I wouldn’t bet against the micro-blogging social media platform.

Recently, I called Sina Corp (NASDAQ:SINA) a better buy than Weibo because despite owning 46% of the company (72% of its votes) it spun-off in 2014, its market cap was one-third the size.

A bargain hunter’s dream stock.

However, make no mistake. Weibo is the stock that drives Sina’s engine. If Weibo doesn’t move, Sina has no chance of doubling in value over the next 12 months.

Sina’s best chance of doubling in the next year happens if Weibo gets bought by one of a handful of large companies interested in the company, including Alibaba Group Holding Ltd (NYSE:BABA) which already owns over 31%.

Source: Investor Place
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Sina Corporation (SINA)

Postby winston » Mon Dec 18, 2017 10:44 pm

vested

Should You Buy SINA Corporation (NASDAQ:SINA) Now?

by Sean Barnes

Source: Simply Wall St.

https://finance.yahoo.com/news/buy-sina ... ?.tsrc=rss
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Sina Corporation (SINA)

Postby winston » Fri Mar 02, 2018 8:49 am

not vested

Feb 23, 2018

Where Will SINA Corporation Be in 5 Years?

SINA will face a lot of shifting winds over the next five years.

by Leo Sun

1. More share distributions
2. More shareholder battles
3. More censorship challenges
4. New partnerships and investments
5. A buyout by Alibaba


Source: Motley Fool

https://www.fool.com/investing/2018/02/ ... years.aspx
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Sina Corporation (SINA)

Postby winston » Thu May 10, 2018 7:42 am

not vested

Why SINA Corp. Stock Fell 10% Today

The Chinese web media leader dropped even after a stellar first quarter.

by Steve Symington

What happened
Shares of SINA Corp. (NASDAQ:SINA) were down 10.2% as of 3:30 p.m. EDT Wednesday despite strong first-quarter 2018 results from the Chinese internet media company.

More specifically, SINA's net revenue climbed 59% year over year to $440.8 million, which translated to adjusted (non-GAAP) net income of $35.2 million, or $0.47 per share. Both the top and bottom lines arrived ahead of investors' expectations for earnings of $0.42 per share on revenue of $433.3 million.

So what
SINA Chairman and CEO Charles Chao called it a "good start" to the year, noting that the company enjoyed "robust" revenue growth and improved monetization from Weibo, in which it owns a majority stake, and continued progress with mobile monetization from its portal business.

To be sure, SINA's advertising revenue soared 61% year over year this quarterto $440.8 million, driven by a 79% increase in Weibo ad and marketing sales.

And non-advertising revenue jumped 47% to $73.7 million, led by a combination of Weibo gaming and membership services, as well as sales from SINA's budding fin-tech business.

Now what
It's unclear, then, exactly why SINA is falling today -- though that's not entirely out of character for the stock. In fact, you might recall that SINA shareholders endured similar post-earnings plunges in spite of strong quarterly results multiple times en route to the stock's 65% gain for all of 2017. And for perspective, SINA was already up more than 35% over the past year as of yesterday's close.

So while today's market reaction might not indicate as much, these results were undeniably impressive. And I think long-term SINA shareholders have no reason to be worried.

Source: Motley Fool

https://www.fool.com/investing/2018/05/ ... today.aspx
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Sina Corporation (SINA)

Postby winston » Sat May 12, 2018 3:56 am

vested

April 19, 2018

JD.com Partners With SINA to Tackle Alibaba

by Leo Sun

JD.com (NASDAQ: JD) recently partnered with SINA (NASDAQ: SINA), one of China's top portal sites, to pool the two companies' user data and resources together.

JD.com will help SINA optimize its algorithms to match its readers with more relevant content -- which could help its portal sites lock in more users.

In return, SINA will help JD gain clearer insights on consumer behavior via its analytics platform. SINA will also craft more targeted ads with that data, many of which will link back to JD's marketplace.

SINA's decision to partner with JD was surprising, since SINA is Alibaba's ally. Alibaba owns nearly a third of Weibo (NASDAQ: WB), the microblogging site that generates the lion's share of SINA's revenues.

Staying neutral might not be a viable option for SINA and Weibo. SINA's alliance might force Alibaba to boost its stake in Weibo, pursue a takeover of SINA or Weibo, or even threaten to part ways with both companies.


Source: The Motley Fool

https://finance.yahoo.com/news/jd-com-p ... 00060.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Sina Corporation (SINA)

Postby winston » Fri May 25, 2018 7:32 am

vested

Chinese internet firm Sina ‘planning secondary share listing in Hong Kong’

The listing is likely to take place in the fourth quarter and comes after the Hong Kong bourse changes its listing rules

[quote]
Under the new rules, firms in Greater China that listed in New York or on the main board of the London Stock Exchange on or before December 15, 2017 , are allowed to list in Hong Kong with their existing weighted voting rights structures – which give greater powers to founding shareholders.

This is a big shift for Hong Kong whose one-share-one-vote principle has for 30 years blocked efforts by tycoons from Li Ka-shing to Alibaba’s Jack Ma to list alternative shareholding structures.

Hong Kong is hoping that easing rules for secondary listings and allowing primary listing of companies with dual-class shares will help it compete better with New York and mainland China.

Shanghai and Shenzhen have also begun courting the same set of offshore-listed tech firms for a form of secondary listing through the development of Chinese depositary receipts (CDRs).

But according to draft rules issued by the China Securities Regulatory Commission, tech firms listed overseas must have a market value of at least 200 billion yuan (US$31.3 billion), leaving only four – Alibaba, Tencent, JD.com and Baidu – eligible for CDRs.

Hong Kong’s secondary listing rules allow mainland companies valued at more than HK$40 billion (US$5.10 billion) to float. Sina has a market capitalisation of about US$6.5 billion.

As one of China’s first tech firms to list on Nasdaq in 2000, Sina, incorporated in the Cayman Islands with dual-class shares, makes most of its revenue from online advertising on its news portals and Weibo. That has worried investors as the growth rate of Chinese online advertising slows.

Sina shares have slipped 26 per cent over the three months, versus a 1.2 per cent gain in the Nasdaq Composite Index.
[quote]

Source: SCMP

http://www.scmp.com/business/money/mark ... dary-share
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to S to Z

Who is online

Users browsing this forum: No registered users and 8 guests

cron