Gaining in High Growth Market (SINA, rated BUY)
Posted on May 19, 2008 at 04:30 AM EDT
For the first quarter of 2008, its revenue exceeded the market consensus while EPS met the market s expectations. This was in spite of the abnormally bad weather in China. SINA continued to do well in its online brand advertising and increased the gap between it and its closest competitor in the online brand ad market. SINA is still one of the most wellknown online brands in China. Moreover, the Beijing Olympic Games can significantly stimulate the online advertising business in China in the next several quarters. Therefore, we are maintaining our Buy rating for SINA. by Zacks http://astuk-virtuallystocks.blogspot.com/