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Sina Corporation (SINA)

- NASDAQ
  • Jan. 12, 2012, 9:00 AM
    Premarket gainers: DKS +9%. JASO +8%. SINA +5%. ING +5%. QCOR +5%. OPWV +5%. HL +3%. RENN +3%. DB +3%.
    Losers: WSM -12%. PMC -10%. INFY -10%. SHLD -8%. OCR -4%. WYNN -4%. STP -4%. EK -4%. TSL -3%. CPT -3%.
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  • Jan. 11, 2012, 9:42 AM
    China had a whopping 505M Internet users as of the end of November, claims a government agency. However, this still only represents a penetration rate of 37.7%. The number of users on microblogging platforms such as SINA's Weibo) is said to have passed 300M. In October, Barclays noted Chinese Internet users spend far more of their leisure time browsing the web than they do watching TV. (also)
    | 1 Comment
  • Dec. 28, 2011, 3:58 PM
    In spite of their high valuations, T. Rowe Price fund manager Kennard Allen is bullish on Chinese Internet stalwarts BIDU and SINA, given that China's still-low Internet penetration rate of 36% leaves plenty of room for growth. On the flip side, Allen isn't a fan of IT services firms such as ACN and CTSH, citing the potential for cloud services to automate labor-intensive technology processes. (earlier)
    | 1 Comment
  • Dec. 22, 2011, 4:22 PM
    GlobalWebIndex claims Google+ (GOOG) now has an eye-popping 150M active users - trailing only Facebook (450M+) and SINA's Weibo (175M+) among social networks. Engagement levels can differ greatly among user bases, and it's likely Facebook still has a major edge on Google+ in that respect. Nonetheless, if accurate, this report suggests Google has been very successful in using its web and mobile reach to spur Google+ uptake.
    | 5 Comments
  • Dec. 22, 2011, 3:43 PM
    Sina (SINA +3%) spikes in afternoon trading on a report Russia's Digital Sky Technology has made a $200M investment in Sina's Weibo microblogging platform. The investment is said to feature a convertible note offering with a conversion price of $65/share, and to value Weibo, which now claims over 200M registered users, at roughly $1B.
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  • Dec. 22, 2011, 7:26 AM
    With the performance of Chinese shares doing worse than much of Europe this year, CLSA's Francis Cheung believes there are bargains to be had. Bullish on telecoms, autos, and cement, his favorite sector is the Internet. Off 60% since April, SINA's share price doesn't reflect the enormous popularity of its microblogging site Weibo, he says.
    | 2 Comments
  • Dec. 22, 2011, 6:48 AM
    China fights a seemingly uphill battle to curb online freedom of speech, requiring authors on 7 websites in southern Guangdong province to register their real names in postings after authorities in Beijing attempted a similar measure last week. Estimates of microblogging sites such as Sina's (SINA) Weibo range as high as 300M and counting, making disgruntled bloggers a powerful voice of dissent.
    | 2 Comments
  • Dec. 19, 2011, 10:59 AM
    Zynga (ZNGA -5.3%) looks like an IPO in trouble after a second down day following its sub-$10 close on Friday. Analysts proceed cautiously: Cowen picks up coverage at Neutral, Sterne Agee starts at Underperform with a $7 target, and Morningstar says fair value on the stock is ~$6. Other social media shares may be feeling the heat: GRPN -3.1%, LNKD -0.6%, SINA -3.6%.
    | 11 Comments
  • Dec. 16, 2011, 8:36 AM
    Sina (SINA) -5.2% premarket after the Beijing city government publishes rules requiring users of popular microblogging services in China to register their real names with service operators. Sina's popular Weibo microblog has become a gathering point for lively discussion and, on occasion, criticism of government policies.
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  • Dec. 5, 2011, 9:10 AM
    Premarket gainers: SFSF +51%. AFFY +27%. TLEO +16%. FRO +15%. AGO +13%. LYG +13%. ING +7%. STD +5%. IL +5%. RDN +4%. RIG +4%. IRE +4%. CMVT +4%. MT +4%. CPST +3%. BAC +4%. BCS +4%. JEF +4%. CS +4%. CLF +4%. MS +3%. RTK +3%. RF +3%. AKS +3%. C +3%. SD +3%. X +3%. CRM +3%. S +3%. AMR +3%. VE +3%. JPM +3%. PHG +3%. MGM +3%. SINA +3%.
    Losers: REGN -8%. FSIN -6%.
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  • Dec. 1, 2011, 5:10 PM
    Sina (SINA) gains 2.8% AH after Deutsche upgrades shares to Buy, and lifts its PT to $94.80. The firm is bullish on both Sina's social gaming efforts - unlike rivals Tencent (TCEHY.PK) and Renren (RENN), Sina doesn't compete with its developer partners - and its ability to monetize its fast-growing Weibo microblogging platform.
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  • Nov. 29, 2011, 2:25 PM
    Sina (SINA +3.7%) shares bounce back after yesterday's slide on rumors of an impending report from Muddy Waters, but at least Bill Bishop believes its books are clean: "There is a lot of value in both Sina’s core business and in Sina Weibo... at some point Sina shares could be a terrific bargain, assuming management can rebuild confidence with investors." A big if.
    | 1 Comment
  • Nov. 28, 2011, 11:22 AM
    SINA shares bounce back from a decline of more than 10% as Muddy Waters tweets, "There is NO report forthcoming. MW has done zero work on SINA." The outfit is responding to a WSJ report that the Chinese online concern was to be MW's next target. Shares -2.7%.
    | 1 Comment
  • Nov. 28, 2011, 10:18 AM
    Bucking today's meltup is Chinese online media company SINA, off 3.5% on a WSJ-China report the firm could be the next target of Muddy Waters research. SINA CEO Charles Chao has served on the board of Focus Media (FMCN) - Muddy Waters' most recent victim - since 2005.
    | 2 Comments
  • Nov. 23, 2011, 2:14 PM
    Renren (RENN -7%) makes new 52-week lows after Pac Crest's Evan Wilson downgrades shares to Sector Perform, and forecasts below-consensus 2012 revenue and EPS. Wilson is worried about competition from Sina's (SINA) Weibo and Tencent (TCEHY.PK), and also about a lack of differentiation among Chinese social networking sites. Renren is now down 74% from its May IPO price. (Q3 results)
    | 1 Comment
  • Nov. 21, 2011, 3:26 PM
    Thanks to both the selloff in risk assets, and Focus Media's (FMCN -45.6%) dive into Muddy Waters (I, II), several Chinese tech ADRs are among the day's worst performers. Among these names are former Muddy Waters target Spreadtrum (SPRD -11.5%), and recent Citron Research target Qihoo 360 (QIHU -9.9%). Also off sharply: SINA -11.1%. YOKU -12.5%. RENN -8.2%.
    | 1 Comment
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Company Description
SINA Corp is an online media company and MVAS provider in the People's Republic of China and for the Chinese communities.
Sector: Technology
Country: China