SouFun Holdings Limited(SFUN)- NYSE
  • Fri, Aug. 19, 3:00 PM
    | Fri, Aug. 19, 3:00 PM | 3 Comments
  • Fri, Jun. 3, 3:00 PM
    | Fri, Jun. 3, 3:00 PM | 6 Comments
  • Thu, Jun. 2, 3:57 PM
    • SouFun Holdings (NYSE:SFUN) is up 4.5% today after its Q1 earnings report where it swung to a net loss, but beat expectations with revenues that grew 62% and raised full-year guidance.
    • E-commerce gains (targeted directly to consumers) led the firm to its highest quarterly revenue growth rate in five years. EBITDA was -$100.4M, vs a positive $11.3M a year ago.
    • Revenue by segment: E-commerce services, $130.9M (up 154%); Marketing services, $30.4M (down 25.1%); Listing services, $24.1M (up 1.9%); Financial services, $10.6M (up 200%); Value-added and other services, $8.6M (up 27.8%).
    • GMV rose many times over, to $12.7B from a year-ago $1.7B.
    • The company's raising guidance on full-year revenue to $1.149B, still below consensus for $1.165B, from its previous forecast of $1.06B. The new forecast represents Y/Y gains of 30%.
    • Press Release
    | Thu, Jun. 2, 3:57 PM
  • Mon, Mar. 21, 10:06 AM
    • Morgan Stanley has upgraded SouFun (SFUN +4.2%) to Overweight, and set a $7 target.
    • The Chinese online real estate services firm is at its highest levels since January - an overnight rally in Chinese equities (Shanghai closed up 2.2%) might be helping out. Shares have gradually moved higher since mixed Q4 results were posted in late February.
    | Mon, Mar. 21, 10:06 AM | 1 Comment
  • Thu, Feb. 25, 9:12 AM
    | Thu, Feb. 25, 9:12 AM | 9 Comments
  • Mon, Jan. 4, 10:18 AM
    • Kent Huang, SouFun's (NYSE:SFUN) deputy CFO since October and before that the the managing partner of Oriental Cornerstone Capital, has been named CFO.
    • Huang replaces Lan Guan, who "has been re-positioned as the Company's Vice President, concentrating on the tax planning and government relations management."
    • Shares are posting steep losses on a bad morning for stocks in general, and Chinese equities in particular. The Nasdaq is down 2.6%.
    | Mon, Jan. 4, 10:18 AM
  • Nov. 13, 2015, 11:06 AM
    • SouFun (NYSE:SFUN) is acquiring a controlling stake in the public shell of Shanghai-traded lead storage battery maker Wanli, with the goal of gaining access to Chinese capital markets. In tandem with the deal, Wanli will be selling shares to IDG Capital and other investors through a private placement.
    • SouFun: "SouFun plans to maintain not less than 70% of the equity stake in Wanli following the acquisition and direct share placement. SouFun will not pay cash for the Wanli stake. The acquisition is expected to be conducted through an assets swap. Wanli plans to spin off its non-cash assets and all liabilities to a third party and SouFun plans to inject certain parts of its businesses (including online media business, Internet financial services, research and big data business), which is projected to be valued at no more than RMB17 billion, into Wanli."
    • SouFun will continue trading on the NYSE. CEO Vincent Mo: "With access to both US and China capital markets, we will be in a much better position to expand aggressively to accelerate our online media business, Internet financial services and e-commerce businesses to build up a greater company."
    • The deal comes three months after IDG, Carlyle, and members of management agreed to invest up to $1B in SouFun via stock and convertible notes.
    | Nov. 13, 2015, 11:06 AM
  • Nov. 13, 2015, 9:14 AM
    | Nov. 13, 2015, 9:14 AM
  • Oct. 2, 2015, 12:13 PM
    • Hammered over the last several months as macro concerns and plunging local markets took a toll, U.S.-traded Chinese tech stocks are up strongly (CQQQ +3.2%) today even as the Nasdaq and S&P post modest declines.
    • Web/mobile stocks posting big gains include giants Alibaba (BABA +5.3%) and Baidu (BIDU +4.5%), with the former naturally taking Yahoo (YHOO +4%) higher with it. Yahoo rose earlier this week after stating it's still pushing ahead with a spinoff of its 384M-share Alibaba stake.
    • Other gainers include Vipshop (VIPS +6.6%), SouFun (SFUN +6.2%), Qihoo (QIHU +6.7%), Youku (YOKU +5.8%), Jumei (JMEI +8%), Bitauto (BITA +5.3%), Weibo (WB +5.9%), Jumei (JMEI +8%), and Cheetah Mobile (CMCM +6.6%). Online travel leaders Ctrip and Qunar are also up big, possibly aided by new efforts from Beijing to boost Macau tourism.
    • Solar winners include Yingli (YGE +4.1%), ReneSola (SOL +5.6%), and Daqo (DQ +9.4%).
    • ETFs: KWEB, QQQC, EMQQ
    | Oct. 2, 2015, 12:13 PM | 29 Comments
  • Sep. 16, 2015, 2:06 PM
    • The beaten-down Shanghai and Shenzhen exchanges respectively rose 4.9% and 6.5% overnight thanks to late-session surges - many suspect fresh government intervention was responsible. U.S. traded Chinese Web/mobile names have risen sharply (CQQQ +4.4%) on a day the Nasdaq is up just 0.3%.
    • Big gainers include search giant Baidu (BIDU +5.4%), rival Qihoo (QIHU +6.5%), auto sites Bitauto (BITA +6.4%) and Autohome (ATHM +5.3%), travel sites Ctrip (CTRP +7.4%) and Qunar (QUNR +6.5%), online real estate plays SouFun (SFUN +6.1%) and Leju (LEJU +4.5%), and online retailers JD.com (JD +4.8%) and Vipshop (VIPS +6.3%). Priceline announced yesterday afternoon it had hiked its Ctrip stake to 11.6%.
    • Other winners include ChinaCache (CCIH +8.1%), Cheetah Mobile (CMCM +6.2%), Sina (SINA +6.7%), Weibo (WB +4.3%), Youku (YOKU +5.7%), and YY (YY +4.1%).
    • ETFs: KWEB, QQQC, EMQQ
    | Sep. 16, 2015, 2:06 PM
  • Sep. 8, 2015, 9:14 AM
    | Sep. 8, 2015, 9:14 AM | 3 Comments
  • Aug. 24, 2015, 9:22 AM
    • The Shanghai and Shenzhen exchanges nosedived again overnight as fears of an economic slowdown triggered panic selling, and U.S. futures are off sharply premarket. As one would expect, many U.S.-traded Chinese names are seeing big losses.
    • Baidu (NASDAQ:BIDU) -9.8% premarket. SINA -9.7%. Weibo (NASDAQ:WB) -10.5%. Ctrip (NASDAQ:CTRP) -9.4%. Qunar (NASDAQ:QUNR) -15%. SouFun (NYSE:SFUN) -15.4%. NQ Mobile -10.1%. Qihoo (NYSE:QIHU) -14.7%. YY -9.3%. Bitauto (NYSE:BITA) -8.8%. JD.com (NASDAQ:JD) -9.6%. Vipshop (NYSE:VIPS) -15.9%.
    • Alibaba (previous) is down 9.8% to $61.48, making new post-IPO lows along the way. Tencent (OTCPK:TCEHY) fell a relatively modest 5% overnight in Hong Kong.
    • ETFs: CQQQ, KWEB, QQQC, EMQQ
    | Aug. 24, 2015, 9:22 AM | 12 Comments
  • Aug. 24, 2015, 9:19 AM
    | Aug. 24, 2015, 9:19 AM | 14 Comments
  • Aug. 20, 2015, 11:01 AM
    • The Shanghai and Shenzhen exchanges respectively fell 3.4% and 3% overnight as macro fears persist, and the Nasdaq is down 1.5% amid a general flight to safety. The Guggenheim China Tech ETF (CQQQ -3.2%) is once more near a 52-week low of $30.09 (set on July 8).
    • Major Web/mobile decliners include Qunar (QUNR -9.1%), Vipshop (VIPS -4.9%), JD.com (JD -4.6%), Qihoo (QIHU -4.5%), ChinaCache (CCIH -6.6%), SouFun (SFUN -5.9%), Sina (SINA -5.7%), Weibo (WB -4.3%), Baozun (BZUN -9.3%), and Wowo (WOWO -3.2%).
    • Jumei (down 22.3%), Youku (down 8%), and 58.com (down 4.9%) are seeing steep losses in spite of delivering Q2 beats after the close yesterday. Baozun reported yesterday morning, and Sina and Weibo Tuesday afternoon.
    • ETFs: KWEB, QQQC, EMQQ
    | Aug. 20, 2015, 11:01 AM | 2 Comments
  • Aug. 10, 2015, 12:14 PM
    • A slew of U.S. traded Chinese Internet stocks are seeing outsized gains after the Shanghai and Shenzhen exchanges respectively rose 4.9% and 4.5% overnight, buoyed by hopes regulators will continue pulling out all the stops to prop up both the economy and equity markets. The Nasdaq is up 1.1%.
    • Major gainers include Bitauto (BITA +8.5%), Wowo (WOWO +16.2%), Youku (YOKU +7.5%), 500.com (WBAI +4.9%), SouFun (SFUN +5.7%), Sina (SINA +4.8%), and Weibo (WB +4.3%).
    • Bitauto and SouFun are reversing the Friday losses seen after the companies provided below-consensus guidance (I, II) to go with their Q2 beats. SouFun also announced IDG, Carlyle, and members of management are investing up to $1B.
    • ETFs: CQQQ, KWEB, QQQC, EMQQ
    | Aug. 10, 2015, 12:14 PM
  • Aug. 7, 2015, 12:50 PM
    • Along with its Q2 results, SouFun (NYSE:SFUN) announces investment firms IDG and Carlyle, along with certain members of management (mainly founder/CEO Vincent Mo) are investing up to $1B. Half the investment will be in stock, and half via convertible notes.
    • The stock will be sold at $7.45, or $0.04 above Thursday's close. The notes will sport a 1.5% interest rate, and a conversion price of $9.13/share (22.5% above the stock purchase price).
    • With a Q2 beat on the books, SouFun is hiking its full-year revenue guidance to $843.4M (+20% Y/Y) from $808.3M. But that's still slightly below an $844.8M consensus.
    • E-commerce service revenue rose 103% Y/Y in Q2 to $78M, and value-added service revenue rose 43.2% to $8.9M. However, marketing service (ad) revenue fell 16.5% to $101.2M, and listing service revenue (hurt by fee cuts) fell 30.5% to $58.3M. Internet financial service revenue (began last August) totaled $7.6M.
    • Operating expenses rose 48.7% to $155.3M (compares with 15.5% revenue growth), thanks largely to a 72.9% increase in sales/marketing spend to $59.3M. Also pressuring EPS: Gross margin fell to 55.6% from 64.7% in Q1 and 81.35 a year ago.
    • Q2 results, PR
    | Aug. 7, 2015, 12:50 PM | 3 Comments
Company Description
SouFun Holdings Ltd. operates real estate Internet portal and home furnishing and improvement website in China. The company provides marketing, listing, e-commerce, and other value-added services and products for China's real estate and home furnishing and improvement sectors. Its website... More
Sector: Technology
Industry: Internet Information Providers
Country: China