WB241206C10500
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Weibo Newsroom
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Returns On Capital At Weibo (NASDAQ:WB) Paint A Concerning Picture
The Hang Seng Index quarterly review is finalized! The csi consumer 360 index share has increased. Who is likely to be included in the Hong Kong Stock Connect in the future?
New Oriental and Kuaishou are included in the Hang Seng Index, new world dev is excluded; PICC P&C is included in the Hang Seng SOE, Longfor Group is excluded; Midea is included in the Hang Seng technology, Weibo is excluded.
The Hang Seng Tech Index included Meituan (00300.HK) while Weibo (09898.HK) was removed in the quarterly review.
Hang Seng Index announced the results of the quarterly review, with Hang Seng Tech Index including Midea (00300.HK) and removing Weibo-SW (09898.HK), maintaining 30 constituents of the indices. All changes will be implemented after the market closes on December 6, 2024 (Friday) and will take effect starting on December 9, 2024 (Monday).
gf sec: Maintain weibo-SW "buy" rating, reasonable value 92.31 Hong Kong dollars.
GF Securities released a research report stating that it maintains a 'buy' rating on Weibo-SW (09898), with projected company revenue reaching $1.76 billion and $1.85 billion in 2024-25, increasing by 0.2% and 4.8% respectively. Adjusted net income attributable to shareholders for 2024-25 is expected to be $0.481 billion and $0.49 billion, with increases of 6.7% and 2.0%, respectively, and a fair value of HK$92.31. Weibo demonstrated its potential as an event-based social media platform in the operation during the Olympics, continuously attracting advertising budgets due to its platform characteristics. The company is enhancing the upgrade of new product launch marketing products, with a decline in the beauty category.
Weibo Likely to Face Continued Pressure on Revenue -- Market Talk
Major bank rating | CICC International: Lowered the target price of weibo to HK$77.22, with advertising spending recovery slowing down.
Gelonghui, November 21 - Jianyin International released a report indicating that Weibo's third-quarter performance exceeded the expectations of the bank and the market, with the biggest highlight being the company's robust advertising revenue driven by the Paris Olympics, particularly significant contributions from advertisers in the csi sws food & beverage index and sports outfits. However, as the Olympics conclude, the company's advertising revenue may resume a downward trend. The bank believes that a comprehensive consumer recovery is the only way for Weibo to reverse its business trajectory since more than two-thirds of its advertisers come from consumer-related industries, rendering its business highly skewed towards brand advertising. Until there is more clarity on Weibo's recovery timetable, the bank remains conservative.
Daiwa cut Bank of China International's rating for Weibo (09898.HK) to 'Neutral' with a target price lowered to 77.22 yuan.
Jianyin International published a report indicating that Weibo (09898.HK) exceeded both the bank's and market expectations in the third quarter, with the biggest highlight being the robust advertising revenue driven by the Paris Olympics, particularly with significant contributions from advertisers in the food & beverage and sports outfits sectors. However, with the end of the Olympics, the company's advertising revenue may begin to decline again. The bank believes that a comprehensive recovery in consumer spending is the only way for Weibo to turn around its business, as over two-thirds of the company's advertisers come from consumer-related industries, making its business heavily reliant on brand advertising. Before there is more clarity on Weibo's recovery timetable in the future, the bank remains conservative.
CCB International Downgrades Weibo to Neutral, $9.90 Price Target
Benchmark Co. Maintains Weibo(WB.US) With Hold Rating
Citi Maintains Weibo(WB.US) With Buy Rating, Maintains Target Price $12
BofA Securities Maintains Weibo(WB.US) With Sell Rating, Raises Target Price to $8.9
The Hang Seng Index rose by 41 points, Kingsoft surged quickly, while Xpeng retraced after its results.
nvidia (NVDA.US) rose nearly 5% before the earnings announcement, leading the Nasdaq to gain 195 points or 1% on the night of the 19th, while the Dow dropped 120 points or 0.3%. Hong Kong stocks fluctuated upward. The Hang Seng Index opened 40 points lower, initially dropped 87 points to 19,575 points, then rebounded, at one point rising 89 points to 19,752 points, ultimately closing up 41 points or 0.2% at 19,705 points; the national index rose 6 points or 0.1% to close at 7,090 points; the hang seng tech index rose 18 points or 0.4% to close at 4,413 points. The total trading volume of the market for the day was 114.671 billion yuan. Alibaba-W (09988.HK)
Weibo Corp (WB) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid Market Challenges
Express News | Weibo Corp : Jefferies Raises Target Price to $10.9 From $10.2
Goldman Sachs: Maintains a "Neutral" rating on Weibo-SW (09898) with a target price raised to 75 HKD.
Goldman Sachs raised Weibo-SW (09898) income for 2024-2026 by 3%/3%/2% respectively.
Weibo: VAS revenue growth rate is impressive, profit release better than expected
3Q24 Non-GAAP net income exceeded our expectations. Weibo announced 3Q24 performance: revenue of 0.464 billion US dollars, a year-on-year growth of 5% (a 3% year-on-year growth under fixed exchange rates), which was better than our expectations and Bloomb.
UBS Group: Weibo (09898.HK) quarterly revenue and net profit exceed expectations, rated as 'buy'.
UBS Group released a research report stating that weibo-SW (09898.HK) (WB.US) exceeded expectations in the third quarter in terms of revenue and net profit, believing that the company's upside potential depends on the mainland's macroeconomic recovery (or expectations of recovery), while its downside risks are expected to be limited due to its low valuation, only equivalent to a forecasted 2024/25 fiscal year pe ratio of 4 times, and an estimated dividend yield of about 10% in 2025. The bank pointed out that management holds a cautious attitude towards the advertising recovery in the fourth quarter, believing that macroeconomic stimulus measures will take time to translate into an increase in weibo customers' advertising budgets. In addition, management also expects continued growth in 3C products and automobiles.
HSBC Research has raised the target price for Weibo (09898.HK) to 69.42 yuan. Advertising growth in the third quarter exceeded expectations but may not be sustainable.
HSBC Research published a report indicating that the advertising growth of Weibo-SW (09898.HK)(WB.US) in the third quarter may not sustain into the fourth quarter due to the high base from gaming and the continuous decline in the cosmetic category. Moreover, next year's advertising recovery is limited, and marketing expenses may increase again to maintain user brand awareness. The bank raised its target price for its American shares from $8.6 to $8.9, and its target price for listed in hong kong shares from HKD 67.08 to HKD 69.42, maintaining a 'hold' rating, citing a lack of catalysts for the stock. The bank projected that the performance of Weibo's business in the fourth quarter will see expectations for fast consumer goods.
Hong Kong stocks fluctuate | Weibo opens over 4% higher after performance announcement.
November 20th Guolonghui | Weibo-SW (9898.HK) opened 4.46% higher at 69.1 Hong Kong dollars. The overnight U.S. stock market Weibo closed 6.35% higher at $9.05, equivalent to 69.65 Hong Kong dollars per share in the Hong Kong stock market. The company announced its performance last night, with a net income of 0.4645 billion US dollars in the third quarter, a 5% year-on-year increase; among which, advertising and marketing revenue was 0.3986 billion US dollars, a 2% year-on-year increase; value-added service revenue was 65.9 million US dollars, a 25% year-on-year increase. The net income attributable to Weibo shareholders was 0.1306 billion US dollars, with a diluted earnings per share of $0.50.