• WB2017-11-03

    WB: Preannounced Strong 3Q17 Results; Making Upward Adjustments Accordingly; Maintain Buy Rating

    WB will report 3Q17 results on Tuesday, November 7th before the market opens with a 6am EST conference call. WB preannounced its 3Q17 results, with revenue at $320.0M and non-GAAP net income at $115.2M. As such, we are making adjustments to our model based on the 3Q preannouncement. Based on our data and calculations for 4Q17, we believe WB may provide guidance close to $369.5M, significantly better than consensus at $337.5M as the Street has not been adjusted to reflect this preannouncement. We……

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  • WB2017-10-03

    T. H. Data Flash – Weibo Corporation (WB) – Preliminary 3Q17: Some Level Of Caution In 4Q17 Due To The Party Meeting; Maintain Buy Rating

    The WB platform needsto be cautious in 4Q17 due to the Party’s Meeting - The 19th session of the National Congress ofthe Communist Party of China is scheduled to be held on Oct. 18, 2017.……

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  • WB2016-08-04

    Weibo Corporation: Fans Economy and KOLs Drive Better Growth; 3Q16 Revenue Guidance in USD May Be Impacted by RMB Depreciation; Maintain Buy Rating

    Weibo will report 2Q16 results on Monday, August 8 after the market closes followed by a 9pm EST conference call. We are expecting Weibo to report 2Q revenue better than consensus driven by the growth of fans, KOLs as well as traffic.For 3Q16, we expect WB to continue its growth momentum of around 31% Y/Y in RMB terms but in absolute USD terms, the guidance may be lower than current unadjusted consensus at $163.7M due to significant currency depreciation.However, we do not believe the currency i……

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  • WB2016-05-12

    T.H. Capital - Weibo Corporation: Trending Up In Fan Economy Fuels Upsides in WB; Maintain Buy Rating and Raise PT To $25.00

    Weibo will report 1Q16 results on Wednesday, May11th after themarket closes followed by an 9pm EST conference call. We are expecting Weibo toreport better 1Q16 results and to provide better 2Q16 guidance due tocontinuing execution of its monetization strategies as well as upward trend infan economy. From our proprietary data, we believe Weibo’s adoptions are at a highspeed and engagement level is continuing to trend up. As such we are optimisticabout Weibo’s outlook. Therefore, we maintain ourBU……

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  • WB2016-02-25

    WB: Unsettled Budgeting Process from BABA May Lead to Weaker 1Q16 Guidance, but May Not Affect Full Year Revenue; Maintain Buy Rating

    Weibo will report 4Q15 results on Wednesday, March 2nd after the market closes followed by an 8pm EST conference call. We are expecting Weibo to report at lease in line and highly likely better 4Q15 revenue due to continuing execution of its monetization strategies. For 1Q16, as the company is still in talks with Alibaba regarding the full year 2016 budget and the budgeting process has not yet been completed, we believe guidance may be softer than consensus expectation. However, we do believe We……

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  • WB2016-01-07

    T. H. Data Flash – Weibo Corporation (WB) – December 2015: Upward Trend in Weibo Activities and Engagement Levels; Maintain Buy Rating

    October 1 – December 31, 2015 Operating Data Highlights:Data in this report is extracted from publicly available sources and processed with our proprietary methodology.•The engagement level for hot weibos and organized events was weaker in 4Q15 -  In December 2015, average comments, re-tweets and likes per hot weibo increased 8.6%, 3.9% and 18.4% M/M, respectively, however for 4Q15, they declined 21.8%, 21.4% and 30.3% Q/Q, respectively (Figure 1). Since the activities and engagement level ……

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  • WB2015-11-17

    WB: 3Q15 Results To Be Strong Driven By Increasing Weibo Activities and Monetization; Maintain Buy and Raise PT

    WB will report 3Q15 results on Wednesday, November 18 after the close of the markets followed by an 8pm EST conference call. We are expecting at least in line 3Q15 results driven by the company’s continued monetization efforts as well as focus on increasing user development and engagement levels. For 4Q15, we believe guidance may be at least in line with consensus as the upward trend on Weibo continues. Therefore, we maintain our BUY rating and raise our price target to $21.00 from $16.00 based ……

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  • WB2015-08-17

    WB: Expect Solid 2Q15 Results; Maintain Buy

    WB will report 2Q15 results on Tuesday, August 18th after the close of the markets followed by a 9pm EST conference call. We are expecting a solid 2Q15 driven by the company’s ongoing monetization efforts as well as new initiatives and projects to foster higher engagement levels between users and advertisers. For 3Q15, we believe guidance may be in line with consensus. Longer term-wise, we believe Weibo is well positioned for growth with its vertical channels, particularly the Movie Channel as i……

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  • WB2015-05-15

    WB: Better Engagement Levels Point to Solid Quarter; Maintain Buy Rating

    Weibo will report 1Q15 results on Thursday, May 14 after the close of the market followed by a 9pm ET conference call. We are expecting 1Q15 results and 2Q15 guidance to be at least in line with the Street. We believe the company is making significant improvement in its monetization initiatives, which is driving fundamental growth. Mobile continues its strong growth trajectory. Going forward, we think Weibo is well positioned for long term revenue and earnings growth, even though we believe WB s……

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  • SINAWB2015-04-09

    SINA: Portal in Transition, Stock May Have Bottomed; Maintain Hold Rating

    2015 will continue to be a transitional year, as Sina works to transform its traditional portal business into a more vertical-centric business and with a better focus on mobile in this new internet era. Although we believe that the stock has bottomed, we may not see any meaningful upside results from the company’s transformation until late 2015 or early 2016. Therefore, we remain on the sidelines until we see meaningful results from Sina’s investments and execution. As such, we maintain our Hold……

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  • WB2015-04-06

    T. H. Data Flash – Weibo Corporation (WB) – March 2015: Improved Monetization Momentum; Maintain Buy Rating

    We believe Weibo is on the right track to realize its revenue potentials, as the Weibo’s engagement levels have been increasing and monetization efforts are paying off. Furthermore, we see operating leverage going forward as most of its costs and expenses are fixed and revenue growth should accelerate faster. Therefore, we maintain our BUY rating and price target of $24.00.……

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  • WB2015-03-09

    WB: Monetization Efforts to Drive Better Growth in 4Q14; Maintain Buy Rating

    Weibo will report 4Q14 results on Tuesday, March 10, 2015 after the markets close followed by a 9pm ET conference call. We believe the company is making significant improvement in its monetization initiatives, which is driving fundamental growth. As such, we believe that these initiatives plus strong e-commerce activities and SME growth may propel 4Q14 results better than consensus expectation. For 1Q15 guidance, due to seasonality and higher than expected currency exchange loss, we expect reven……

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  • WB2014-11-19

    WB: Solid Progress in Users and Monetization; Maintain; Maintain Buy Rating

    Weibo reported 3Q14 non-GAAP EPS in line, but revenue outperformed the Street consensus. The company’s 4Q14 guidance was also better than consensus, driven by e-commerce and newer monetization approaches. During the quarter, the company saw fundamental improvements to its user base as well as engagement levels, which we believe is a strong driver of better monetization for the company. In addition, Weibo is experimenting with new monetization approaches, and while these new methods may not contr……

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  • WB2014-11-11

    WB: Expecting Solid 3Q, In Line 4Q14 Guidance; Maintain Buy Rating

    Weibo will report 3Q14 results on Thursday, November 13th after the close of the market followed by an 8pm ET conference call. We believe the company is highly likely to post at least in line to slightly better 3Q14 results driven by its new monetization approaches as well as positive momentum of Weibo participation. For 4Q14, we expect guidance to be in line since the Street expectation is aggressive on strong e-commerce activities. With WB’s new monetization initiatives, we believe the company……

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  • SINAWB2014-09-09

    WB: Improving User Engagements and Monetization; Initiate with a Buy Rating

    We are initiating on Weibo Corporation with a Buy rating. We believe the company is undervalued compared to its revenue and earning potentials, which was a major concern among investors. The concern we believe is mainly due to two issues: 1) slowdown in user growth and engagement level; and 2) limited methods of monetization. At this point, we believe these two issues are being addressed, and as such the revenue potential can be realized in the near future. Therefore, we initiate our coverage of……

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