Summary: Check the latest quotes Beijing time November 5 Evening News, investment company Days Hao Capital (t.h.capital) today issued an investment report to maintain the house search stock (Nyse:sfun) hold a rating. The following is a summary of the report: Search room will be on November 7, 2013 U.S. stock market opening
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Beijing time November 5 Evening News, investment company Days Hao Capital (t.h.capital) issued an investment report today to maintain the "holding" rating of the Nyse:sfun stock.
The following is a summary of the contents of the report:
The search will be on November 7, 2013 before the U.S. stock market opening (Beijing time November 7 night) released the third quarter of fiscal year 2013. We expect the third-quarter results to be better than Wall Street's expectations, thanks largely to the steady growth in the third quarter and the strong performance of the E-commerce business. As for the entire 2013 fiscal year, we expect that the House will increase its performance expectations. As for Wall Street's expectations, we think there is limited room for upward adjustment as it has reached a high 591.6 million trillion dollar forecast. To this end, we continue to maintain the "holding" rating of the stock search.
The real estate market and E-commerce boosted the third-quarter results better than expected: We believe the third-quarter revenue will exceed our expected $164.4 million trillion, at least in line with Wall Street's expected $173.71 million trillion. This is mainly due to the real estate market in the third quarter of steady growth, as well as the strong performance of E-commerce business. Search Room E-commerce Business is on the rise, we expect the third quarter revenue will reach 47 million U.S. dollars, the year-on-year growth of 85%, the chain growth of 4.5%. And we also believe that the expectation is somewhat conservative, as the search house is expanding the penetration rate of e-commerce and has increased the number of cities covered to 34. As for internet marketing services, although we previously expected revenue to fall 5% Year-on-year, the overall market is positive rebound. We now expect real revenue to grow by 8% per cent year-on-year, better than we had expected. Based on non-US GAAP, we expect the projected earnings per share to be higher than Wall Street's expected $0.86 trillion, at least in line with our expected $0.89 trillion.
Fiscal year 2013 forecast: Wall Street expects the 2013 fiscal year revenue will reach 591.6 million U.S. dollars, compared to the home of 538 million U.S. dollars to 543 million U.S. dollars in the guidance of the expected upper limit of 9%. While we think the performance in the second half of the 2013 fiscal year will be strong, this growth has been taken into consideration by Wall Street. So we think there is only a limited amount of space on Wall Street's expected 591.6 million dollar hike.
Conference Call: SouFun Management team will hold a conference call on the eastern time of November 7 8 o'clock in the morning (Beijing time November 7 night 9 o'clock). The phone number for the conference call is +1 866 519 4004, and the password is 89920619. In addition, the SouFun website Investor Relations channel Http://ir.soufun.com will broadcast the conference call webcast and provide audio recordings.