Youku drops on pre-earnings downgrade

|About: Youku Tudou Inc. (YOKU)|By:, SA News Editor

T.H. Capital has cut Youku (YOKU -4.1%) to Hold ahead of Tuesday's Q2 report.

Shares now -31% YTD. Concerns about intensifying competition from Baidu, and to a lesser extent Sohu and Tencent, have weighed on shares. However, the Chinese online video giant is still expected by the Street to post 35% 2014 sales growth, and 37% 2015 growth.