Pacific crown to keep going where to win the big market target price 40 dollars

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Pacific Crest, the Pacific crown of the US investment Bank, released its investment report today to maintain the "outperform" rating of the stock (NASDAQ:QUNR) and set its target share price from $34 to $40, the Beijing time February 28 Evening News.

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

Quarterly results: Fiscal year 2013, where revenue for 41.5 million U.S. dollars, higher than we expected 38.2 million U.S. dollars. But higher than expected operating expenses offset revenue growth, resulting in diluted earnings per share of $0.12 trillion, slightly above our expected $0.11 trillion. Where to go. It is expected that the first quarter of fiscal year 2014 will reach $50.5 million trillion, above our expected $47.6 million trillion.

Mobile business continues to grow: in the fourth quarter, mobile revenues accounted for 20% of total revenue, compared with 15% in the third quarter. Quarter four, go where the total revenue growth of 4%, and mobile revenue quarter-on-quarter growth of 41%. In terms of traffic, about 30% per cent of traffic comes from mobile devices, compared with 19% for the same period a year earlier. Where to go. It is expected that this year will continue to invest to win market share. To this end, we are expected to go where the profit margin this year will be lower than 2013.

Continue to win market share: In the current stage of China's tourism market, we think it is strategically important to invest heavily in order to gain market share. Although the profit margin forecast was lowered, we also adjusted to where the revenue was expected. In addition, we have also adjusted to where the target price.

Valuation: Where do we go? Stock "outperform" rating, the target share price from 34 U.S. dollars to 40 dollars.