Posts for Ticker ‘Sohu.com’

Baidu.com Up Eight Straight Days, Can It Continue? (BIDU, SINA, SOHU, NTES)

Baidu.com, Inc. (NASDAQ:BIDU) is one of these stocks that is pretty amazing when you look at its trading activity and its volume.  BIDU stock closed up Wednesday another 2.6% at $275.95 on 11.8 million shares, which is another yearly high and more than double average daily volume.  This wouldn’t be a big day on a percentage stock move basis alone unless you look at how it has been trading of late. 

This stock has managed to close up for Eight consecutive days from its last down day on September 2, 2007 when shares closed at $213.64.  Here are the descending closing prices from before Wednesday: $268.79; $252.89; $234.88; $232.47; $230.12; $227.04; $218.10; $213.64. But compare that to dates below and this one looks amazing.  If you compare this to lows in the past months it becomes "exuberant":

  • Lowest close August: $168.89 on August 16, 2007
  • Lowest close July:       $175.04 on July 24, 2007
  • Lowest close June:      $135.64 on June 12, 2007
  • Lowest close May:        $121.35 on May 1, 2007
  • Lowest close April:       $93.523 on April 2, 2007
  • Lowest close 52-Week: $87.28 October 2006

Obviously this one has everything going for it.  It is a hot stock for sure, but it is a hot web search engine stock in the even hotter Chinese market.  The overly obvious is that one incredible quarter is being priced in.  Should we dare we mention the hype from the coming 2008 Olympics?  But what else could be coming besides that?  Obviously a stock splitcomes to mind, but what else?

Read More »

Posted on: September 19, 2007 – 8:16 pm in ADR, China, Internet, , , , , , , , , ,

SINA Doesn’t Make The Grade (SINA, SOHU, BIDU)

SINA Corporation (Nasdaq:SINA): Non-GAAP net income was $16.1 million or $0.27 diluted non-GAAP and $0.25 GAAP EPS; net revenues increased 11% year over year to $59.8 million, within the upper range of the Company’s guidance of between $58.0 million and $60.0 million.  Estimates were $0.24 non-GAAP EPS & $59.6 million in revenues.  Non-advertising revenues for the second quarter of 2007 totaled $18.6 million, a 23% decrease from the same period in 2006 and a 5% decrease from the previous quarter.  Gross margin for the second quarter of 2007 was 62%, compared to 63% in the same period last year and 59% in the last quarter.

SINA’s guestimates are total revenues for the third quarter of 2007 to be between $63.0 million and $65.0 million, with advertising revenues to be between $45.0 million and $46.0 million and non-advertising revenues to be between $18.0 million and $19.0 million. Stock-based compensation for the third quarter of 2007 is expected to be approximately $1.7 million, which excludes any new shares that may be granted.  Unfortunately consensus estimates are $64.75 million and that isn’t going to cut it for a high-beta and high-growth Chinese web company.

The soft revenues and soft guidance has shares down over 5% in after-hours trading to $39.50.  SINA’s 52-week trading range is $21.70 to $47.05.  This has shares of Sohu.com (NASDAQ:SOHU) down almost 1% and Baidu.com (NASDAQ:BIDU) down 0.3% in after-hours trading.

Jon C. Ogg
August 6, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: August 6, 2007 – 4:19 pm in Earnings, Internet, , , , ,