Vipshop Holdings (VIPS) - NYSE
  • Wed, May 18, 12:46 PM
    | Wed, May 18, 12:46 PM | 2 Comments
  • Wed, May 18, 9:15 AM
    | Wed, May 18, 9:15 AM
  • Tue, May 17, 5:41 PM
    • Top gainers, as of 5.25 p.m.: ANDE +19.5%. AGIO +2.5%. CLDX +2.1%. DDD +2.0%. CTL +1.8%.
    • Top losers, as of 5.25p.m.: VIPS -9.8%. AYA -2.1%. FSM -1.9%. LC -1.4%. TVIX -1.2%.
    | Tue, May 17, 5:41 PM | 4 Comments
  • Tue, May 17, 4:57 PM
    • With a revenue miss and subdued sales guidance (below consensus at the midpoint) taking precedence over an EPS beat, Vipshop (NYSE:VIPS) is down 10.6% after hours to $11.00. The 52-week low (set on Feb. 11) is $10.37.
    • Top-line performance: Revenue growth (as measured in RMB) slowed to 41% Y/Y in Q1 from Q4's 65%. CEO Eric Shen says the Chinese online retailer is now "balancing both customer acquisition growth and profitability." Active customers rose 52% Y/Y to 19.7M, and total orders 53% to 58.7M.
    • Financials: Gross margin fell 60 bps Y/Y to 24.3%, and operating expenses rose 36% to RMB2.39B ($371M, equal to 19.7% of revenue vs. 20.5% a year ago). Fulfillment spend totaled $167M, marketing $94M, tech/content $51M, and G&A $59M. Vipshop ended Q1 with $554M in cash, $109M in held-to-maturity securities, and $628M in convertible debt.
    • Vipshop's results/guidance, earnings release
    | Tue, May 17, 4:57 PM | 8 Comments
  • Tue, May 17, 4:07 PM
    • Vipshop (NYSE:VIPS): Q1 EPS of RMB1.04 ($0.16) beats by RMB0.06.
    • Revenue of RMB12.17B (+41% Y/Y, equal to $1.89B) misses by RMB160M.
    • Expects Q2 revenue of RMB12.3B-RMB12.8B (+37%-42% Y/Y) vs. an RMB12.69B consensus.
    • Shares -11.4% after hours.
    • Press Release
    | Tue, May 17, 4:07 PM
  • Thu, Feb. 25, 9:12 AM
    | Thu, Feb. 25, 9:12 AM | 9 Comments
  • Wed, Feb. 24, 5:39 PM
    • Top gainers, as of 5.25 p.m.: POWR +77.4%. DRII +17.7%. CRM +9.1%. HBI +8.0%. WLL +5.1%.
    • Top losers, as of 5.25p.m.: RATE -29.0%. RH -19.1%. RLYP -11.8%. VIPS -8.2%. IMAX -7.9%.
    | Wed, Feb. 24, 5:39 PM | 1 Comment
  • Wed, Feb. 24, 5:03 PM
    • Though Vipshop (NYSE:VIPS) beat Q4 estimates, the company is guiding for Q1 revenue of RMB11.8B-RMB12.3B (+37%-43% Y/Y, equal to $1.81B-$1.88B), largely below an RMB12.29B consensus.
    • Metrics: Active customers rose 58% Y/Y in Q4 to 19.8M, and total orders 67% to 64.9M. Mobile accounted for 82% of GMV vs. 66% a year ago.
    • Financials: Gross margin fell 80 bps Y/Y to 24.1%. Operating expenses were 19.6% of revenue vs. 21.2% a year ago. $130M was spent on buybacks. Vipshop ended 2015 with $513M in cash and $626M in convertible debt.
    • VIPS -7.3% after hours to $11.77.
    • Vipshop's Q4 results, earnings release
    | Wed, Feb. 24, 5:03 PM | 11 Comments
  • Tue, Feb. 16, 11:10 AM
    • Many beaten-up Chinese tech names are up strongly on a morning the Nasdaq is up 1%. The gains comes after the Shanghai and Shenzhen exchanges respectively rose 3.3% and 4.1% overnight; strong new loan data and PBOC cash-removal efforts helped.
    • Alibaba (BABA +6.7%) is one today's standouts, and that naturally means Yahoo (YHOO +5.8%), which (for now) is still pursuing a reverse spinoff of its core business to better monetize its 384M-share Alibaba stake, is also posting big gains. Fellow Chinese e-commerce firms JD.com (JD +7.6%), Vipshop (VIPS +7.9%), LightInTheBox (LITB +6.7%), and Dangdang (DANG +8.3%) are also doing well.
    • Other big gainers include Weibo (WB +9.5%), Momo (MOMO +16.8%), Leju (LEJU +9.4%), NetEase (NTES +6.7%), Changyou (CYOU +6.5%), Bitauto (BITA +8.9%), 58.com (WUBA +6.8%), Cheetah Mobile (CMCM +5.8%), NQ Mobile (NQ +5.4%), 500.com (WBAI +5.6%), Baozun (BZUN +6.7%), and Xunlei (XNET +6.8%).
    • ETFs: CQQQ, KWEB, QQQC, EMQQ
    | Tue, Feb. 16, 11:10 AM | 16 Comments
  • Fri, Jan. 15, 2:53 PM
    • In Wall Street's latest bloodletting, the Nasdaq is down 3.1% and the S&P 2.4%. The decline comes amid tumbling energy prices (crude is below $30/barrel), soft macro data, and disappointing earnings reports from the likes of Intel and Citigroup.
    • Tech companies seeing outsized losses amid the carnage include chipmakers NXP (NXPI -8.1%), Qorvo (QRVO -8.9%), InvenSense (INVN -3.7%), IDT (IDTI -6.4%), Sigma Designs (SIGM -6.5%), and Knowles (KN -6.6%), as well as solar plays Trina (TSL -9.3%), ReneSola (SOL -11.5%), JinkoSolar (JKS -10.7%), Enphase (ENPH -8.5%), and Canadian Solar (CSIQ -8.4%).
    • Also off sharply: Action camera leader GoPro (GPRO -8.7%), 3D printer maker 3D Systems (DDD -7.5%), daily deals leader Groupon (GRPN -6.4%), server interconnect provider Mellanox (MLNX -8.5%), OLED materials/IP provider Universal Display (OLED -10.3%), Latin American online marketplace MercadoLibre (MELI -7.2%), data management software firm Varonis (VRNS -8.3%), ad tech firm Rocket Fuel (FUEL -7.1%), Chinese online retailers Vipshop (VIPS -6.9%) and Jumei (JMEI -12.7%), and home automation system provider Control4 (CTRL -7.8%).
    • GoPro is down 22% since issuing a Q4 warning on Wednesday afternoon. Trina has been downgraded to Neutral by Goldman. IDT and Mellanox could be affected by the weaker-than-expected Q4 sales reported for Intel's server CPU division (DCG).
    • Previously covered: Chip equipment makers, Yandex/Qiwi, Intel, Textura, PC industry firms, Rackspace, CommVault, Ericsson
    • Wednesday's notable decliners
    | Fri, Jan. 15, 2:53 PM | 9 Comments
  • Mon, Jan. 4, 12:58 PM
    • With concerns about macro issues both inside and outside China's borders running high, the Shanghai and Shenzhen exchanges respectively fell 6.9% and 8.2% overnight before getting halted. Today in the U.S., the Nasdaq is down 2.6% and the S&P 2.1%.
    • Naturally, U.S.-traded Chinese tech stocks are having a rough day. Big decliners include e-commerce firms Alibaba (BABA -6.2%), JD.com (JD -7.9%), Vipshop (VIPS -7.8%), and Baozun (BZUN -6.8%). Others include auto site owners Bitauto (BITA -7.2%) and Autohome (ATHM -8.5%), Sohu (SOHU -6.9%) and gaming subsidiary Changyou (CYOU -8.8%), mobile app developer Cheetah Mobile (CMCM -7%), online classifieds leader 58.com (WUBA -5.9%), and CDN owner ChinaCache (CCIH -6.4%).
    • SouFun is down sharply after naming a new CFO. Qunar is seeing big losses after naming a new CEO, COO, and CFO.
    • In other news, Alipay parent Ant Financial is looking to raise more funds ahead of a long-expected IPO. Bloomberg reports Alipay is seeking at least $1.5B; the Chinese online payments leader was valued at $45B in a June round. Alibaba is entitled to 37.5% of Alipay's pre-IPO profits, and a 37.5% stake at IPO time.
    • ETFs: CQQQ, KWEB, QQQC, EMQQ
    | Mon, Jan. 4, 12:58 PM
  • Mon, Jan. 4, 9:17 AM
    | Mon, Jan. 4, 9:17 AM
  • Dec. 17, 2015, 9:42 AM
    • Morgan Stanley has upgraded JD.com (JD +3%) to Overweight, and downgraded Chinese e-commerce peer Vipshop (VIPS -2.6%) to Underweight. Chinese microblogging leader Weibo (WB +2.1%) has also been upgraded to Overweight.
    • Morgan Stanley's Robert Lin on JD (436 target): "[B]enefiting from its Tencent partnership, JD has expanded its user base and faster advertising revenue growth could provide upside in 2016 to our current estimates."
    • He adds Chinese e-commerce consolidation is pressuring smaller player. That's one reason he's bearish on Vipshop ($13 target). "We think VIPS is a good company and adds value to its merchants. But contrary to its belief, we think competition is increasing ... We believe it needs to raise marketing spend to support user growth in 2016, likely pressuring margin. MS earnings [estimates] are 12% lower than Street."
    • Regarding Chinese Internet stocks in general, Lin has downgraded his industry view from "attractive" to "in-line," while citing relatively high valuations.
    | Dec. 17, 2015, 9:42 AM | 3 Comments
  • Nov. 20, 2015, 9:45 AM
    • In a 13G filing, Chase Coleman's Tiger Global discloses it now has a 9.9M-share (9.96%) stake in Vipshop (NYSE:VIPS). As of Q1 2014, Tiger had a 4.54% stake.
    • The disclosure comes a week after the Chinese online retailer nosedived in response to a Q3 warning. Shares recovered some of their losses on Wednesday after Vipshop posted Q3 results and provided better-than-feared Q4 guidance. The company also reported (in spite of the sales shortfall) operating expenses fell to 20.7% of revenue from 23.3% a year ago.
    | Nov. 20, 2015, 9:45 AM | 6 Comments
  • Nov. 20, 2015, 9:17 AM
    | Nov. 20, 2015, 9:17 AM
  • Nov. 18, 2015, 9:15 AM
    | Nov. 18, 2015, 9:15 AM | 11 Comments
Company Description
VipShop Holdings Ltd. is engaged in online product sales and distribution. It offers womenswear; menswear; footwear; accessories; handbags; apparel for children; sportswear and sporting goods; cosmetic goods; home and lifestyle products; luxury goods; and gifts and miscellaneous. It cooperates... More
Sector: Technology
Industry: Internet Service Providers
Country: China