Day Hao Capital issued an investment report today to maintain the Sina stock holding rating

Summary: Check the latest quotes Beijing time August 15 Evening news, investment company Days Hao Capital (t.h.capital) today issued an investment report to maintain Sina stock (Nasdaq:sina) hold a rating. The following is a summary of the report: Sina's second-quarter results in 2014 exceeded the latest market

Beijing time August 15 Evening news, investment company Days Hao Capital (t.h.capital) issued an investment report today to maintain Sina stock (Nasdaq:sina) "Hold" rating.

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

Sina's second-quarter results exceeded Wall Street expectations in the 2014 fiscal year, largely thanks to strong growth in Weibo. In the second quarter, the commercialization of micro-blogging made significant progress. Looking ahead, we expect Sina to invest more in vertical and mobile areas in the second half of this year. In addition, we will also see the Sina Portal business rebound, revenue continues to grow. We have a positive attitude towards Sina's gateway strategy.

Reviving the portal through investment: Over the past few years, the Internet market has undergone significant changes. This is not limited to technology, consumer behavior has changed. Sina is also aware of this and plans to revive the portal business through investment. So far, Sina has invested in internet finance, video and sports. What we are more optimistic about is Sina's investment in China. In the second half, Sina will accelerate the pace of investment in the Internet and financial vertical markets. These investments will eventually make Sina's portal business rejuvenated.

Weibo has made notable progress: in the second quarter, Weibo has made notable progress in commercialization. Launched a series of new commercial models: 1 launched My-media content production and distribution system, 2 and the television station cooperation, 3 for the core account open message promotion.

Second-quarter results exceeded expectations: Revenue for the second quarter was $184.4 million trillion, exceeding the company's guiding expectations, above Wall Street's projected $179.2 million trillion and our expected $178.6 million trillion. Advertising revenue of 155.8 million U.S. dollars, higher than the company's guiding expectations of the ceiling and our expected 152.5 million U.S. dollars. Non-advertising revenue of 28.6 million U.S. dollars, higher than the company's guiding expectations of the ceiling and our expected 26.1 million U.S. dollars. Based on non-US GAAP, the earnings per share is $0.17 trillion, above Wall Street's projected $0.09 trillion and our expected $0.06 trillion.

Valuation: We continue to maintain the "hold" rating of Sina stock. (Li Ming)