Pacific Crown maintain yy run win market target price to 105 dollars

Source: Internet
Author: User
Keywords Gather time 105 run win the market
Tags business development development opportunities higher than market music business platform run
Summary: View the latest quotes Beijing time March 5 Evening News, the United States investment Bank Pacific Crown (Pacific Crest) issued an investment report today to maintain the era of shares (NASDAQ:YY) to win the market rating, the target price from 62 U.S. dollars to 105 dollars. Following

View the latest quotes

Pacific Crest, the Pacific crown of the US investment Bank, released its investment report today to maintain the "outperform" rating of the stock (NASDAQ:YY), bringing its target share price from $62 to $105, the Beijing time said late March 5.

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

The music business is still strong in the gathering time, the decline of revenue cost makes me more confident of the market competitiveness of the gathering time. As for the education business, we consider it a long-term opportunity for development. To this end, we will be the era of the target price increase to 105 U.S. dollars.

Revenue growth accelerated in fiscal quarter 2013, the quarter of the year, the gathering time revenue of 101.1 million U.S. dollars, higher than we expected 84.8 million U.S. dollars. Grew 136% year-on-year, compared with a year-on-year rise of 116% in the third quarter. In the quarter, music business was the main revenue driver, the number of paid subscribers grew by 17%, and the average revenue per user grew by 26% a quarter. Lower-than-expected operating costs have boosted operating profit margins. In the quarter, we had a 0.60 dollar dividend per share at the time of the gathering, higher than our expected 0.42 dollars. In the first quarter of the 2014 fiscal year, revenue is expected to grow by 3%, more than we expected. We believe that, as in the past, the guidance revenue from the gathering time is expected to be relatively conservative.

Education platform for long-term development opportunities: gathered time recently released a new independent brand online education platform "100 Education" (100.com). This is aimed at capturing future long-term development opportunities, and we expect that the platform will only try small-scale commercialization in 2014 and 2015. The gathering era said it would invest in the educational platform, but those investments would not largely affect margins in the short term.

Valuation: We continue to maintain the "outperform" rating of our share of the era, bringing the target share price from 62 US dollars to 105 dollars.


Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.