[Brokerage Focus] China Securities Co.,Ltd. maintains a "buy" rating on Weibo (09898), indicating that it has made positive progress in the vertical ecological field.
China Securities Co.,Ltd.'s research report indicates that since 2021, Weibo (09898) has made positive progress in the ecological aspect of the vertical field, with the scale of vertical content continuously growing and accounting for 40%. It has achieved results in supporting traffic in the vertical field, and is expected to improve user activity and content quality. At the same time, the current digital 3C industry is expected to initiate a new round of product cycle to drive industry demand upward, the game industry will benefit from the recovery of licenses and the expansion of mini-program games, and autos will continue to benefit from the new energy autos brand's new round of product cycle. The international sales of the beauty industry still face pressure, affecting the scale of budget investment. Industry.
Benign Growth For Weibo Corporation (NASDAQ:WB) Underpins Its Share Price
Nomura Adjusts Price Target on Weibo to $8.80 From $10, Maintains Neutral Rating
Major bank rating | Goldman Sachs: Downgrades Weibo's target price to HKD 73 with a more cautious outlook on advertising revenue.
Goldman Sachs released a research report stating that Weibo's second-quarter earnings roughly met the bank's expectations, but exceeded market expectations. The report pointed out that after attending the company's earnings conference, Weibo's management holds a more cautious outlook on advertising revenue for the second half of this year and beyond, considering the weak macro environment and shrinking advertising budgets for consumer brands. However, the management remains optimistic about stable cosmetic advertising revenue in the fourth quarter of this year. Excluding the impact of forex, advertising revenue for the first and second quarters of this year remained flat and decreased by 1%, respectively. Even with a slight increase in advertising revenue from the Paris Olympics, the bank predicts a year-on-year decline of 4% in the third and fourth quarters of this year.
CICC: Maintains a "Outperform" rating on Weibo-SW (09898) with a target price cut to HKD 93.6.
CITIC Securities International has lowered its earnings forecast for Weibo (SW 09898) for the years 2025 and 2026 by 3% and 5% respectively.
Weibo Is Maintained at Underweight by Morgan Stanley
Weibo Analyst Ratings
Morgan Stanley Maintains Weibo(WB.US) With Sell Rating, Cuts Target Price to $7.5
16 Out of 21 Companies Reporting Yesterday Opened Down - Here Is the List
Citi Maintains Weibo(WB.US) With Buy Rating, Cuts Target Price to $11
Express News | Weibo Corp : BofA Global Research Cuts Price Objective to $8.30 From $8.60
Express News | Weibo Corp : Jefferies Cuts Target Price to $10.2 From $10.8
Alibaba will complete its dual primary listing on August 28th.
1. Market News 1. The Hong Kong Monetary Authority and the Dubai Financial Services Authority will co-host a climate conference next month. The Hong Kong Monetary Authority and the Dubai Financial Services Authority (Dubai FSA) announced today that they will jointly hold the first joint Climate Finance Conference in Hong Kong on September 16. The conference will be held online and offline simultaneously. This conference is an important initiative to promote the deepening cooperation in sustainable finance between Hong Kong and Dubai. 2. Macau: Retail trade sales in the first half of the year amounted to 36.85 billion Macau patacas, 96% of the level in the same period of 2019. Data from the Macau Statistics and Census Service show that retail trade sales in the first half of the year amounted to 36.85 billion Macau patacas.
Q2 revenue falls short of expectations, advertising revenue declines year-on-year, Weibo drops more than 3% | Financial Report News.
Weibo released its second quarter financial report for 2024 on August 22nd, which showed that the total revenue for the second quarter fell short of analysts' expectations. The adjusted net income was 0.1263 billion US dollars, exceeding analysts' expectations. Advertising revenue declined 3% year-on-year. Weibo's pre-market trading briefly rose more than 2%, but fell more than 3% after opening.
Guanglun Hui Bulletin Selection (Hong Kong stocks) | Baidu Group-SW (09888.HK) second quarter total revenue reached 33.9 billion yuan, non-online marketing revenue increased by 10% year-on-year.
【Today's Focus】Baidu Group-SW (09888.HK) reported total revenue of 33.9 billion yuan in the second quarter, with a 10% year-on-year increase in non-online marketing revenue. Baidu Group-SW (09888.HK) announced its second quarter performance for 2024, with total revenue of 33.9 billion yuan, roughly flat compared to last year; Baidu's core revenue was 26.7 billion yuan, a 1% year-on-year increase; online marketing revenue was 19.2 billion yuan, a 2% year-on-year decrease, and non-online marketing revenue was 7.5 billion yuan, a 10% year-on-year increase, mainly driven by the asia vets cloud business.
Hong Kong stock announcement: Netease-S second quarter gross profit was 16.042 billion yuan, a year-on-year increase of 11.6%. Multiple highly anticipated new Netease games made their debut on the leading game platform globally.
Netease-S (09999) released its second-quarter performance, with a gross profit of 16.042 billion yuan, an increase of 11.6% year-on-year. Multiple highly anticipated new games from NetEase made their debut on the global leading game platform; Bilibili-W (09626) achieved a gross profit of 1.833 billion yuan in the second quarter, a year-on-year increase of 49%, and achieved a continuous improvement in gross margin for the eighth consecutive quarter...
Stock Futures Up as Traders Parse Latest Fed Minutes, Focus on Jackson Hole Symposium; Asia, Europe Gain
China's Micro-blogging Platform Weibo Q2 Earnings: Revenue And Profit Beat, Ad Revenue Drops, Daily Active Users Fall Marginally
Express News | U.S.-Listed Shares of Weibo up 1.9% Premarket After Higher Q2 Profit
Weibo | 6-K: Report of foreign private issuer (related to financial reporting)