Netease & Sina Set To Lead Chinese Web & Tech Stocks (NTES, SINA, BIDU)

February 20, 2008 by Douglas A. McIntyre

Today we’ll get to see earnings out both Sina Corp. (NASDAQ: SINA) and Netease.com Inc. (NASDAQ: NTES).

Sina Corp. (NASDAQ: SINA) estimates for the Chinese online media company from First Call are $0.33 EPS on $69.14 million in revenues.  Next quarter estimates are $0.26 EPS on $65.87 million in revenues. Estimates for fiscal 2008 are $1.49 EPS on $333.86 million in revenues.

Analysts have an average price target north of $55.00 on Sina.  Options trading looks a bit difficult to use for a prediction too, but the pricing-in range looks to be a move of $1.90 to $2.75 in either direction.  Sina’s stock currently sits right under its 50 and 200-day moving averages, which are $43.07 and $44.12 respectively. 

Sina’s shares were down less than 1% in early afternoon trading at $42.95, and Sina Corp.’s 52-week trading range is $31.19 to $59.27

Netease.com Inc. (NASDAQ: NTES) estimates for the Chinese interactive online and wireless company from First Call are $0.30 EPS on $75.9 million in revenues.  Next quarter estimates are $0.30 EPS on $76.44 million in revenues. Estimates for fiscal 2008 are $1.24 EPS on $328.46 million in revenues.

Analysts have an average price target north of $22 on Netease.  Options are a bit of a guessing game, but it looks like traders are braced for a move of up to $0.50 to $0.68 in either direction.  The chart here may play some influence as well, as its shares have just recently gotten above the $18.15 200-day moving average and the 50-day moving average is $18.75.            

Netease shares were down almost 2% in early afternoon trading at $18.34, and its 52-week trading range is $13.45 to $24.00.

Keep in mind that Baidu.com (NASDAQ: BIDU) has already reported earnings last week, and its shares are down roughly 4% since that report.  That being said, these two could still influence Chinese web and Chinese tech stocks that trade in the U.S. tomorrow.

Jon C. Ogg
February 20, 2008

Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.

Posted in Investing | No Comments »