Pacific Crown Day to issue investment report, the Sina stock rating will be higher to outperform the market

Summary: View the latest quotes Beijing time March 31 Evening News, the United States investment Bank Pacific Crown Securities (Pacific Crest Nomura) issued an investment report today, the Sina Stock (Nasdaq:sina) rating from the same level with the market to run to win the market, maintaining 88 of dollars of

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Beijing time March 31 Evening News, the U.S. investment bank Pacific Crown Securities (Pacific Crest Nomura) issued an investment report today, the Sina Stock (Nasdaq:sina) rating from "Flat with the market" to "outperform", The 88 dollar target share price remains unchanged.

The following is a summary of the contents of the report:

We believe that the liquidity of Sina's assets is increasing this year, which helps to open up the value of Sina's many assets and investments. To this end, we will upgrade the Sina stock rating to "outperform the market", while maintaining a 88 dollar target share price unchanged.

Asset liquidity Enhancement: According to our assessment, Sina's assets have been on an upward trend for several quarters. At present, the liquidity of Sina many assets is increasing. We believe that Sina will have a variety of driving factors this year, which helps to narrow the gap between Sina's share price and its underlying asset valuation.

The negative factors are very limited: After evaluating Sina's investment and assets, it is found that the negative factors that affect the share price decline are negligible, even excluding the contribution of microblogs. The assessment of Sina's share price has largely taken into account the contribution of Weibo, but now we believe that Sina's share price has limited reliance on microblogging services.

Higher stock Rating: If based on the total number of business valuation totals, Sina's share price has been underestimated for a long time. But previously, because Sina's share price relied heavily on the microblogging business, we have been hesitant to increase its stock rating. Now, Sina's portfolio has been very clear, asset liquidity has increased, reliance on micro-blogging has been reduced, we clearly see the share of Sina stock risk and return.

Valuation: We will the Sina stock rating from the "Flat with the market" to "run to win the market", to maintain the 88 dollar target share price unchanged.