Hong Kong Shares Rebound 2.9% Amid Positive Sentiment

Hong Kong's Hang Seng Index extended early gains to close 2.9% higher at 18430.39. There could be some optimism among investors that more may be done by the Chinese authorities in 2H, IG market strate

WSJJun 19 04:37 ET

DBS: Weibo-SW (09898) may maintain an annual dividend of $200 million.

Weibo is currently shifting its marketing budget towards channels with higher ROI. According to Morgan Stanley, this should increase the ratio of DAU/MAU (daily/monthly active users).

Zhitong FinanceJun 7 03:44 ET

Hang Seng Index Likely to Consolidate Between 18500-20000 Near Term

0642 GMT - Hong Kong's Hang Seng Index is likely to consolidate between 18500 and 20000 in the near term, according to CCB International analysts Cliff Zhao and Wilson Zou in a research note. They say

WSJJun 5 02:42 ET

UBS: Reiterates Weibo-SW (09898) “Buy” Rating Target Price of HK$90

The Zhitong Finance App learned that UBS released a research report stating that it reaffirmed the Weibo-SW (09898) “buy” rating. After the first quarter results were announced, the revenue forecast for the full year of this year remained unchanged, but the adjusted net profit forecast was raised by about 2%, and the target price was HK$90. The company's revenue for the first quarter fell 4.4% year on year, and the decline was narrower than forecast. Due to ideal sales and marketing savings, adjusted net profit exceeded the bank and market expectations by more than 20%. The bank pointed out that in terms of fixed exchange rates, Weibo's advertising revenue in the first quarter was flat year on year. Management believes that the advertising market will bottom out from the second quarter, while consumption performance in March and April seems to be weak, but note

Zhitong FinanceMay 24 04:58 ET

Changes in Hong Kong stocks | Weibo-SW (09898) fell more than 5%. Net profit returned to mother in the first quarter was halved, advertising and marketing revenue fell 5% year on year

The Zhitong Finance App learned that Weibo-SW (09898) fell by more than 5%. As of press release, it was down 5.57% to HK$67.75, with a turnover of HK$5.9041 million. According to the news, Weibo announced financial results for the first quarter of 2024, with net revenue of US$395.5 million, down 4% year-on-year or flat based on fixed exchange rates. Net profit attributable to Weibo shareholders was US$494.38 million, down 50.8% year on year and 40.6% month on month. Advertising and marketing revenue for the first quarter was US$339 million, down 5% year over year. Advertising and marketing revenue (excluding Guang from Alibaba)

Zhitong FinanceMay 23 22:11 ET

CICC: Maintaining the Weibo-SW (09898) “Outperform the Industry” rating target price of HK$101

CICC raised its Weibo-SW (09898) 2024 non-GAAP net profit forecast by 4% to US$478 million.

Zhitong FinanceMay 23 21:28 ET