Sell-Side Thoughts on Sina.com (SINA)

ThinkEquity analyst Pablo Perez-Fernandez published a report earlier this week entitled Wireless Communications & Computing -- Industry Update. Among ThinkEquity's top wireless stock picks is Sina.com (ticker: SINA). Here is a short extract from the report:

With the entire wireless content sector battered and bruised coming out of seemingly endless new issuances of rules & regulations, SINA remains the most recognized brand in the market, and should benefit greatly from the improved environment. SINA earns high marks across all 4 ‘P’s given the strength of its brand, the massive potential in China, the length of advertising contracts, and management’s strong background, integrity, and vision.

We believe that the entire sector has been trading at a very large discount to its growth rate given the regulatory/event risk the sector experienced in 2004. While we recognize that the Chinese Internet Portals may always trade at a discount to their U.S. peers due to the lack of reliable information and regulatory risk, we believe that some of these fears have caused the sector to be overly discounted, especially given the high growth rates.

SINA chart.