US stocks made a move | Recommended by brokerage, Weibo rebounded by about 2% in pre-market trading, previously hitting a historic low.
On September 11th, Weibo (WB.US) pre-market trading rose 1.96% to $7.28, the stock previously hit a new low of $7.03. The latest report from China Securities Co., Ltd. indicates a bullish trend in Weibo's overall advertising after inventory clearance. In addition, Weibo plans to expand the application of AI in vertical content areas, which is expected to bring new growth opportunities for the company. According to analysts who follow the company, it is projected that the earnings per share will grow by 4.5% annually in the next three years. Meanwhile, it is expected that the rest of the market will grow by 10% annually, which is significantly more attractive.
Weibo-SW(9898.HK): 2Q24 Performance Review Advertising continues to be under pressure. Cost reduction and efficiency improvement release profits.
Since 2021, weibo has made positive progress in the ecological aspect of vertical field, with the scale of vertical content continuing to grow and accounting for 40%. It has achieved results in supporting traffic in the vertical field, and is expected to enhance user activity and content quality.
Benign Growth For Weibo Corporation (NASDAQ:WB) Underpins Its Share Price
Major bank rating | BOC International: Lower Weibo's target price to HK$64, maintain 'hold' rating, core strategy unchanged.
Guanglung Hui, August 28 | Bank of China International published a research report stating that Weibo recorded a revenue of 0.438 billion US dollars in the second quarter of this year, a 1% decrease compared to the previous year, which is in line with market expectations, and a 1% increase in the same exchange rate. During the period, the core advertising business revenue decreased by 3%, excluding the impact of exchange rates, the decline was 1%. The bank pointed out that the proportion of daily and monthly active users of Weibo improved to 43.9% during the period, and the adjusted net profit margin reached 28.8%, reflecting the company's good performance in high-quality users, content, and operational strategies. Its core strategy remains unchanged, and it is expected to further amplify its social media platform advantages. However, due to the weak macro environment.
WEIBO CORP(9898.HK):2Q24 PROFIT BEAT;COMMITTED STRATEGIES TO AMPLIFY SOCIAL EDGES
Dah Sing Bank International lowered the target price of weibo (09898.HK) to HKD 64, core strategy remains unchanged.
Bank of China International has released a research report stating that weibo (09898.HK) recorded a Q2 revenue of 0.438 billion USD, a 1% decline year-on-year, in line with market expectations, and a 1% increase when calculated at the same exchange rate. During the period, core advertising business revenue decreased by 3%, with a decline of 1% excluding exchange rate impact. The bank pointed out that the proportion of weibo's daily and monthly active users improved to 43.9% during the period, and the adjusted net profit margin reached 28.8%, reflecting the company's good execution in terms of high-quality users, content, and operational strategies. Its core strategy remains unchanged and is expected to further amplify its advantages in the social platform. However, the macro environment remains weak.
China's Ministry of Commerce: Imposing tariffs by Canada will disrupt the stability of the global industry chain and supply chain, and we will defend the legitimate rights and interests of Chinese enterprises.
The Canadian government announced that it will impose a 100% tariff on electric vehicles manufactured in China, as well as a 25% tariff on Chinese steel and aluminum. A spokesperson for the Chinese Ministry of Commerce stated that Canada has disregarded the facts and the rules of the World Trade Organization, ignored China's repeated strong representations, and proceeded in defiance of opposition and dissuasion from many sides. China is strongly discontent and firmly opposes this. The spokesperson pointed out that China has repeatedly emphasized that the development of China's electric automobile industry is based on its own comparative advantages and is the result of open competition. China's electric vehicles are welcomed by global users, including Canadian consumers, and also contribute to global efforts to address climate change and green transformation.
Nomura Adjusts Price Target on Weibo to $8.80 From $10, Maintains Neutral Rating
Major bank rating | Goldman Sachs: Lowers Weibo's target price to HK$73, taking a more cautious outlook on advertising revenue.
On August 26, Goldman Sachs released a research report stating that Weibo's second-quarter earnings roughly met the bank's expectations but exceeded market expectations. After attending the company's earnings conference, given the weak macro environment and the shrinking advertising budgets of consumer brands, the outlook for advertising revenue for the second half of this year and beyond is more cautious. Management anticipates that cosmetic advertising revenue will remain stable year-on-year in the fourth quarter of this year, which is somewhat reassuring for the bank. The bank points out that excluding forex impacts, compared to the first and second quarters of this year where advertising revenue remained flat year-on-year and dropped by 1% respectively, even with a slight increase in advertising revenue due to the Paris Olympics, the company is expected to see relatively stable advertising revenue in the third and fourth quarters.
Daiwa lowered the target price of Weibo (WB.US) to $7.5, and the second quarter performance met expectations.
Morgan Stanley's report states that Weibo (WB.US) met expectations in the second quarter, but expects advertising revenue in the second half of the year to decline by 4 to 5% when calculated in renminbi. The skincare and cosmetic vertical markets continue to be drag factors. Boosted by the Olympics, business performance in the third quarter is expected to be slightly better than the fourth quarter. The bank expects non-GAAP operating profit to decline by 9% in the second half of the year, citing operating expenses, Olympics-related sales and management, and investments. Morgan Stanley lowered Weibo's revenue forecast for 2024 to 2026 by 1 to 5%, reflecting weakened consumer sentiment and significant competitive threats from short video platforms, among other factors. Sales and marketing expenses.
CICC: Maintains weibo-SW (09898) 'Outperform' rating, target price cut to HK$93.6.
Jianyin International has lowered the profit forecast for Weibo-SW (09898) in 2025 and 2026 by 3% and 5% respectively.
Goldman Sachs has lowered the target price of Weibo (09898.HK) to 73 yuan, in line with the bank's expectations for the next quarter's performance.
Goldman Sachs released a research report stating that Weibo-SW (09898.HK) second-quarter earnings roughly met the bank's expectations, but exceeded market expectations. After attending the company's earnings call, the management expressed a more cautious outlook on advertising revenue for the second half of this year and beyond, given the weak macro environment and the contraction of consumer brand advertising budgets. The management expects stable growth in cosmetic advertising revenue in the fourth quarter of this year. Excluding the impact of foreign exchange, advertising revenue for the first and second quarters of this year remained flat year-on-year and declined by 1% respectively. Even with a slight increase in advertising revenue from the Paris Olympics, the company is expected to have a challenging third quarter and
Express News | Weibo V+ Circle: Opening a new era of lightweight monetization for bloggers.
Morgan Stanley Maintains Underweight on Weibo, Lowers Price Target to $7.5
Weibo Analyst Ratings
Morgan Stanley Maintains Weibo(WB.US) With Sell Rating, Cuts Target Price to $7.5
Morgan Stanley analyst Alex Poon maintains $Weibo(WB.US)$ with a sell rating, and adjusts the target price from $10 to $7.5.According to TipRanks data, the analyst has a success rate of 54.1% and a
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
Citi analyst Alicia Yap maintains $Weibo(WB.US)$ with a buy rating, and adjusts the target price from $13 to $11.According to TipRanks data, the analyst has a success rate of 35.7% and a total
Weibo-SW (09898.HK): Profit release in the second quarter is stable, cautious expectations for the second half of the year.
2Q24 Non-GAAP net income is better than our expectations. Weibo announced its 2Q24 performance: revenue of 0.438 billion USD, a decrease of 0.5% year-on-year (an increase of 1% year-on-year at fixed exchange rates), which is in line with our expectations and...
Hang Seng Index fell 71 points, Netease plunged nearly 13%, mainland insurance companies performed well
Market awaits the speech of Federal Reserve Chairman Powell at Jackson Hole. The Hong Kong stock market was soft in early trading, with the Hang Seng Index opening low by 119 points before narrowing its losses. It fell by 71 points or 0.4% to 17,569 points at midday; the H-share index fell by 25 points or 0.4% to 6,199 points; the Hang Seng Tech Index fell by 53 points or 1.5% to 3,455 points. The total trading volume of the market in the morning session shrunk to 41.696 billion yuan. Netease (09999.HK) saw a 13% year-on-year decline in its second quarter non-GAAP net profit, with the market concerned that deferred revenue declined more than usual on a quarterly basis, causing a 12.9% drop in its stock price. Baidu (09888