Qihoo 360 Technology Co. Ltd Message Board

Solid earnings from Tencent (TCEHY.PK) and a rally in Shanghai help Chinese Internet stocks...
Wednesday, March 20, 10:57 AM ET
Solid earnings from Tencent (TCEHY.PK) and a rally in Shanghai help Chinese Internet stocks trade higher. YOKU +3.8%. SINA +2.8%. QIHU +2.5%. SOHU +1.8%. YY +1.8%. NTES +1.5%. PWRD +1.7%. Tencent, which rose 1.5% in Hong Kong, reported a 53% Y/Y increase in Q4 sales to $1.96B, and a 37% increase in net income to $557M. Ad sales were better than expected, and value-added service sales (includes online games) rose 32%. Registered accounts for Tencent's WeChat mobile IM platform, which competes with Sina's Weibo, have topped 300M.

http://seekingalpha.com

Sentiment: Strong Buy

Going up Qihu

Sentiment: Strong Buy

If you break the 38.50. Next resistance is 44.93

Sentiment: Strong Buy