Reducing Narrow-Moat Sina’s FVE to USD 98 Per Share due to Weaker Near-Term Outlook
We reduced Sina's fair value estimate by 17% to USD 98 per share as a result of a slower economy in China, the Sino-U.S. trade spat, weaker sentiment among advertisers, and our 10% downward revision of the fair value estimate of Weibo. This will be partially offset by better microloan performance in the non-Weibo other revenue line. We expect 2018 revenue to be at the low end of the guidance of USD 2.09 billion. We forecast revenue to grow at 32%/13%/9% from 2018 to 2020 before recovering to 23%...Sina is an online media company serving China and the global Chinese communities. Co.'s digital media network includes SINA.com (It offers professional content on each of its region specific websites), SINA.com (It provides information and entertainment content from SINA portal customized for WAP users) and Weibo (It is a form of social media, featuring microblogging services and social networking services that allow users to connect and share information). Co. offers an array of services including mobile value added services, online video, music streaming, online games, photo sharing, blog, email, classified listings, fee-based services, e-commerce and enterprise services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.