Hate to agree with Krill66, but look at VIPS, YY, QIHU, KNDI, CMGE etc..all going lower when market is moving higher. Last month PMI was not good..if PMI for Aug is also weak, these stocks will go down further. China real estate is going down the toilet, so consumer stocks are going with it. Still think MOBI is a great stock..but can't fight the trend here.
will buy low 7s.
wow that is the best you have ?? That is your bear analysis ? no metrics, no future propects discussion ? You are just stuck on the $13 price it hit last year ? GET OFF THIS BOARD !!
there is article from 19th June 2014..look it up. This IS THE NEXT CATALYST VERY SOON.
Rosenblatt Sees Co. has suggested that Sky-mobi Ltd (ADR) (MOBI) could potentially become a key distribution partner of Alibaba due to its prior relationship with UC Web, causing the stock to rally to its highest price in the last two months. UC Web, China’s most popular mobile browser, was acquired by Alibaba earlier this month for an undisclosed amount.
Sky-mobi’s app store, Maopao, is one of the most popular application stores across China. The company, through its partnerships with several smartphone makers, pre-installs its apps on phones so that users gain access to a wide range of mobile apps. The company touts 15 billion app downloads from its store since its inception in 2005. Maopao has a user base of 147 million, with 400,000 users added every day. Sky-mobi’s app store has around 25 million monthly active users (MAU).
DSKY has market cap of $900M, and in 2013 had revenue of only $40M. MOBI will have revenue of over $100M this year, and its market cap is under $240.
Still think MOBI is overvalued ??
It is not over priced...its P/S is about 2.5 or so which is lower than DSKY and some other publishers. They are doing really well last qtr (and NO, their results did not include the sale. Go read the earnings transcript). They guided next qtr 20-25% higher sequentially, so if last qtr included the sale they are doing REALLY WELL.
They are expanding in south east asia, has big tieups with mobile companies, is preinstalled on smartphones from multiple vendors. Big expansion, robust earnings, they already said 2nd half of the year (next 2 qtrs) will be very strong.
So what is the bearish call here? that it is up 130% since start of year ? That is it ? Compared to QIHU/BIDU/YY this is severly undervalued even with the run up. Look at another publisher CMGE...their P/S is quite higher than MOBI.
MOBI has their Mao platform for distribution...seems things are looking very good for them moving forward.
excellent consolidation around mid 8s after the earnings jump. Next jump up to over $10 coming in Sept with partnership news.
don't say I didn't warn you krill66.
Vietnam, Malaysia, Thailand, Singapore, Korea ? Japan ?
someone knows something coming up with MOBI....
During the second quarter, our deep collaborations with China Mobile and China Unicom, enabled us to expand strong penetration into Beijing, Foshan and a few major cities in Guangdong Province.
As of June 30, 2014, Sky-mobi services were available at over 40,000 telecom stores in China. In addition, in May, we established two major strategic partnerships with Tencent and Xiaomi, bringing our distribution network to over 100 channels.
As of June 30 of this year, we have [tied] [ph] up with over 40,000 telecom stores nationwide. Since we have started partnership with the above two regions, we believe our penetration rates will achieve a stronger growth in the second half year.
We strongly believe in the near future say timeframe 12 months, Sky-Mobi will be the number and first choice all of the global game developers' choice in China to get their light game distribute and published.
I think the second question you mentioned are recent expansion of our business in Southeast Asia. I think Southeast Asia is very, very attractive market to us. In general, Southeast Asia, has more than 554 million population with 70 to 75 penetration rate.
the growth has just STARTED to ramp up. Just look at the results announced. The stock is consolidating after the 24% run up. Next leg up coming IN SEPT.
Growth over next 12 months is going to be massive compared to last 12...imagine PPS next 12 months if it shot up 130% last 12 months. Even with this run up, stock is still trading at DEEP discount to peers on P/E and P/S.
now it is at 8 AFTER company confirmed smartphones picking up big, revenues picking up big. We are looking at 100% YOY moving forward. The turnaround is here.
Citron is going to give another thumbs up any day now. Stock is very undervalued at $8.
into single user games. MOBI is expanding big into singapore, malaysia, vietnam etc. Time is to buy now when stock is still under $10.
Maybe QIHU will buy them when they announce earnings next week.
very undervalued given the growth spike they just announced. This can double and still be undervalued compared to YY, QIHU, BIDU valuations.
so it is not 'modest'....estimates will start coming down Monday for next 2-3 qtrs.
I really don't imagine there will be a line to buy a $80,000 car. I see a couple of model S on the road in California, but otside CA there are very very few electic cars. This is not an apple product, that sells for $200-$400. Stock is way overvalued.
This is not good news for TSLA stockholders..maybe good news for existing TSLA owners.
HIFU is definitely taking off in Canada, Europe, Asia. Go read their last qtr statement.
Stock price already factored in US FDA loss (but it may still get it. FDA does not need to agree with panel). Stock is undervalued now and will rise with earnings.
this is NOT going bankcrupt. It has market cap LOWER than its FY14 revenue. Europe/Asia/Canada still very big on this. Time to buy is NOW after this massive selloff.