The street Fitch issued an investment report today to maintain Sina's rating

Summary: Check the latest quotes Beijing time April 11 Evening News, the U.S. rating agency the street Fitch published an investment report today to maintain Sina stock (Nasdaq:sina) hold a rating. The following is a summary of the report: Sina announced today that its board of Directors has approved

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Beijing Time April 11 Evening News, the U.S. rating agency the street Fitch issued an investment report today to maintain the "holding" of Sina Stock (Nasdaq:sina) rating.

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

Sina announced today that the company's board of Directors has approved a new stock repurchase plan, which has been authorised to buy up to 500 million U.S. dollars of Sina common stock. Sina is expected to buy back the money it needs from existing cash.

Boosted by the news, Sina's shares rose 1.5% in the opening hours, at $53.98.

Sina's strong performance is reflected in a number of areas, such as strong revenue growth, diluted earnings per share growth and net profit growth.

1 over the past year, Sina's revenue has risen above 16.1% in the industry average, reaching 41.6%. Revenue growth has also pushed up the growth of diluted earnings per share.

2 in recent quarters, Sina's share of diluted earnings has risen markedly year-on-year. In the past two years, Sina's share of diluted earnings has always been in the growth trend. We believe that this trend will continue. The trend suggests that Sina's business performance is improving. In the previous fiscal year, Sina diluted earnings per share of 0.59 U.S. dollars, higher than the previous fiscal year's 0.45 dollars. Analysts expect Sina's diluted earnings per share this year to reach $1.48 trillion.

3 compared with a year ago, Sina's share price is on the rise. This reflects the overall market trend during the period and reflects the strong growth of Sina's diluted earnings per share.

4 The equity ratio of Sina is 0.67 lower than the industry average. Sina's fast-moving ratio (quick ratio) is a higher 6.28, which means a strong liquidity.