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Friday, Jun 15
2012, 9:29 AM
Sina (SINA) +2.2% after receiving upgrades from Oppenheimer and CLSA. The former thinks...
Sina (SINA) +2.2% after receiving upgrades from Oppenheimer and CLSA. The former thinks "near-term headwinds" related to a slowing Chinese economy and Sina's huge Weibo investments have been baked in, and thinks re-accelerating revenue growth, margin improvement, and the start of Weibo monetization will act as positive catalysts. The latter says checks indicate Weibo ads are performing well in spite of a weak Chinese ad market.