House search was strong in the second quarter.

American http://www.aliyun.com/zixun/aggregation/153.html ">" "> Investment company T.h.capital issued an investment report to maintain the" holding "rating of the house.

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

Is mainly driven by E-commerce business. Given the strong performance of the first half of this year, the search house has increased revenue forecasts for the entire 2012 fiscal year, but it is expected to remain unchanged for the second half.

Second-quarter results: Total revenue of 97 million U.S. dollars, higher than the Wall Street expected 91.6 million U.S. dollars, as well as our expected 93.4 million dollars. Based on non-US GAAP, the diluted earnings per share was $0.48 trillion, above Wall Street and our expected $0.41 trillion.

Increase the annual revenue forecast: House search is expected, the 2012 annual revenue will reach 390 million U.S. dollars to 410 million U.S. dollars, the year-on-year growth of 13.4% to 19.2%, higher than the previous forecast of 380 million U.S. dollars to 400 million U.S. dollars, year-on-year growth of 10.5% to 16.3%. We believe that the reason for higher revenue forecasts is mainly due to strong results in the first half of the year.

Our expectation: We will increase the revenue forecast for the third quarter from 122 million US dollars to 123.2 million US dollars, and reduce the projected earnings per share from USD 0.57 to $0.64. For the entire 2012 fiscal year, we've raised our revenue forecast from $399.1 million trillion to $404.2 million trillion, raising the estimated $1.78 trillion in earnings per share to $1.93 trillion. In fiscal year 2013, we raised our revenue forecast from $472.5 million trillion to $480.4 million, raising the projected earnings per share from $2.03 to $2.14.

Valuation: We maintain the "hold" rating of the search house stock.