|Bid||42.30 x 1100|
|Ask||42.85 x 900|
|Day's Range||42.44 - 43.50|
|52 Week Range||40.31 - 94.94|
|Beta (3Y Monthly)||1.97|
|PE Ratio (TTM)||15.71|
|Earnings Date||Aug 6, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||57.77|
Weibo Corporation (WB) closed at $43.03 in the latest trading session, marking a +1.92% move from the prior day.
Moody's Investors Service has assigned a first-time Baa1 issuer rating to Weibo Corporation. At the same time, Moody's has assigned a Baa1 senior unsecured rating to the proposed USD notes to be issued by Weibo Corporation. "The Baa1 rating reflects Weibo's strong market position as the leading social media platform in China, and its ability to attract content providers, users, and advertisers, allowing it to capture an increasing share of the online advertising market," says Lina Choi, a Moody's Senior Vice President.
BEIJING, June 20, 2019 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (WB), a leading social media in China, today announced that it has filed an automatic shelf registration statement on Form F-3 with the United States Securities and Exchange Commission (the "SEC"), and a preliminary prospectus supplement under the registration statement, pursuant to which the Company proposes to sell senior notes. The Company intends to use the net proceeds from the offering for general corporate purposes. The sole bookrunner of the offering is Goldman Sachs (Asia) L.L.C.
Nik Wallenda is at it again. This weekend, Wallenda and his sister will be taking a 1,300 foot stroll across New York's Time Square. But this isn't just any stroll: They'll be walking 25 stories above the ground on a high wire, without harnesses or a net beneath them.
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I...
Weibo Corp. (WB) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
One of the biggest growth narratives this decade has been the rapid expansion, urbanization and digitization of China's economy. Put simply, China's middle class has rapidly expanded over the past several years. That growing middle class has simultaneously urbanized and digitized, creating a surge in demand for internet services and products, which has propelled China's digital economy to grow by leaps and bounds.A big part of this China internet growth narrative has been digital advertising. China's digital ad market has fired off 20%-plus growth year after 20%-plus growth year over the past several years, and the digital ad market has grown from a fraction of the total media landscape to account for the lion's share of media ad spend today. In 2018, digital ad spend represented 65% of total media ad spend in China. In the United States, digital ad share is below 50%.Thus, China's digital ad market has not only grown significantly over the past several years, but it has actually become more dominant than America's digital ad market.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, at a 65% penetration rate and against the backdrop of economic weakness throughout China, cracks have started to form in China's digital ad market. Cracks may actually be an understatement here. While eMarketer is calling for another 20%-plus growth year in China's digital ad market, many Chinese digital ad players have been reporting flat growth in early 2019.The result? Multiple Chinese ad stocks have been in sell-off mode. * 7 A-Rated Stocks to Buy Under $10 Is this the end of the Chinese digital ad growth narrative? Which stocks have been impacted? Will they continue to head lower? Let's answer those questions by taking a looking at six Chinese ad stocks to sell after suffering from this slowdown. Baidu (BIDU)Source: Simone.Brunozzi Via Flickr% Off Highs: 60%YTD Return: -28%At the top of this list is one of China's most important and biggest digital ad players, Baidu (NASDAQ:BIDU).For all intents and purposes, Baidu is the Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) of China, as the company is behind China's most widely used internet search engine and has built a very big digital ad business on top of that search engine. But, that digital ad business has come to a screeching halt over the past few quarters. A year ago, Baidu's online marketing business grew revenues at a 23% year-over-year rate. Last quarter, the online marketing business reported just 3% year-over-year revenue growth.The slowdown has nothing to do with lower usage. Daily active users of Baidu App rose nearly 30% in the quarter. Instead, the slowdown has everything to do with China's digital ad market slowing as China's economy has likewise slowed over the past several quarters. So long as this broader economic slowdown persists, which it will so long as trade tensions hang around, then China's digital ad market will continue to slow, too, as will Baidu's core advertising business.To be sure, there are other growth levers here that Baidu can pull and is pulling to keep revenue growth respectable, including smart home, cloud and streaming. But, until the core ad business gets back on track, BIDU stock won't bounce back. Weibo (WB)Source: Shutterstock % Off Highs: 70%YTD Return: -25%Once one of China's highest flying digital ad stocks, Weibo (NASDAQ:WB) has since turned into one of China's worst performing U.S. listed stocks.Much like Baidu is the Alphabet of China, Weibo is the Twitter (NYSE:TWTR) of China. The company operates a micro-blogging social network site that hundreds of millions of Chinese consumers use every day to communicate short messages and sentiment with the public. The Chinese consumer loves the platform. Monthly active users on Weibo have consistently grown at a double-digit pace for the past several years, and the platform now features 465 million monthly active users.That's a big number. But, the problem here is that Weibo is struggling to fully monetize those 465 million users. A year ago, Weibo's advertising business was growing at a near 80% clip. Last quarter, the ad business grew by just 13%. That's a huge slowdown, and it is largely why WB stock has fallen 70% off its all-time highs over the past several quarters. * 10 Stocks to Buy That Could Be Takeover Targets Long term, the upside potential in WB stock is compelling here. The company's market cap per user is tiny, and if it can figure out how to monetize its huge user, the stock will head tremendously higher. But, until those ad growth rates turn around, that big recovery rally will be put on hold. Sohu (SOHU)Source: Sohu.com% Off Highs: 87%YTD Return: -22%Another large Chinese advertiser that has struggled in early 2019 is Sohu (NASDAQ:SOHU).At a high level, Sohu provides online media, search and game services in China, and makes most of its money through throwing ads on those various services. At one point in time, those digital ad businesses were firing on all cylinders. A year ago, the company's revenue growth rate was 22%, led by search advertising revenue growth of 55%.That growth has since evaporated. Last quarter, revenues were down 5% year-over-year, as the search ad business decelerated to just 6% year-over-year revenue growth. As the growth rates have come down, so has SOHU stock, which now sits nearly 90% off its all time highs.The rebound thesis here is less compelling. The digital ad market in China is slowing, and when growth markets slow, the lower hanging fruit tend to be hit the hardest. Some don't make it through the slowdown. Sohu is one of those lower hanging fruits. Thus, the bull thesis here lacks conviction. Tencent (TCEHY)Source: Shutterstock % Off Highs: 33%YTD Return: 3%One of China's largest digital advertisers is Tencent (OTCMKTS:TCEHY), and while TCEHY stock has favored better than its digital ad peers lately, the stock has not been immune to the digital ad slowdown.Tencent is at the epicenter of China's digital economy, operating the company's largest social networks, streaming platforms, online gaming websites and payment apps, among other things. Through its various services, Tencent employs various business models, and generates revenue from various sources. One of those sources is digital advertising. But, the digital ad business isn't a huge component of Tencent. Last quarter, online ads accounted for less than 16% of total revenues.A year ago, that digital ad business was growing at a 55% rate. Last quarter, it grew at just a 25% rate. That's a big slowdown. But, because the digital ad business is just one piece of the pie at Tencent, the company has been able to better weather that digital ad slowdown than its peers. Further, at 25% growth, Tencent's digital ad business is still doing pretty well. * The 10 Best Stocks for 2019 -- So Far Overall, TCEHY stock looks like one of the best China ad stocks to buy on weakness. This company's ad business is still growing at an impressive 20%-plus rate, and revenue diversity limits Tencent's exposure to further weakness in the digital ad market. Bilbili (BILI)% Off Highs: 34%YTD Return: -4%A smaller yet still important Chinese advertiser that has struggled over the past few quarters is Bilibili (NASDAQ:BILI).Bilibili operates a hyper-growth video sharing platform in China that has over 100 million monthly active users, and is growing that user base at a robust 30%-plus rate. The company monetizes that platform through mobile games, live broadcasting, and advertising. All three of those businesses are growing at 25%-plus rates, and the company's total revenue growth rate last quarter was just a hair under 60%. Yet, BILI stock is down 4% year-to-date, and currently trades more than 30% off its all time highs.Why the weakness despite the big growth numbers? Those big growth numbers are less big than they used to be. Over the past four quarters, user growth has dropped from 35% to 31%, and revenue growth has dropped from 105% to 58%. Mobile game revenue growth has dropped from 97% to 27%, and advertising revenue growth has dropped from 144% to 60%.In other words, a broad growth slowdown has led to a demise in BILI stock. But, this company is still in a class of its own when it comes to growth in China's digital economy, and Bilibili is still rapidly gaining share. Thus, the rebound narrative here actually looks pretty good. So long as this company can maintain strong user and revenue growth rates, near-term weakness will pass and the stock will ultimately head higher. Alibaba (BABA)Source: Shutterstock % Off Highs: 30%YTD Return: 10%One of the biggest players in the Chinese digital ad landscape is Alibaba (NYSE:BABA).Better known for its e-commerce platform, Alibaba nonetheless operates one of the largest digital ad businesses in all of China. Those two businesses, and Alibaba's cloud business, have been holding up nicely against the backdrop of an economic slowdown in China. Alibaba's overall revenue growth rates have largely remained north of 50%.Still, BABA stock trades nearly 30% off its all-time highs because investors are concerned that, eventually, slowing economic expansion in China will catch up to Alibaba, and that the company's e-commerce, ad and cloud businesses will all slow. * 7 Dark Horse Stocks Winning the Race in 2019 This could happen. But, it's not happening yet, and it is happening almost everywhere else. Thus, Alibaba has shown impressive resilience which, if sustainable, implies that fears related to a growth slowdown here are overstated. If those fears prove to be overstated, BABA stock will bounce back in a big way from recent weakness.As of this writing, Luke Lango was long GOOG, WB, TWTR, TCEHY and BABA. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post 6 Chinese Stocks to Sell That Are Suffering From a Digital Ad Slowdown appeared first on InvestorPlace.
With his wife, Marion Sandler, who died in 2012, Sandler was in the vanguard of untraditional home lending. The “Pick-A-Pay” adjustable-rate mortgage marketed by Golden West through its World Savings Bank subsidiary was a so-called payment-option ARM, which allowed borrowers to make artificially low monthly payments, increasing the principal they owed. The Sandlers became fixtures on lists of the best-paid CEOs in America, and American Banker ranked them No. 8 on a list of Top 10 CEOs in 2006.
The shares of two of China's most prominent companies -- e-commerce giant Alibaba (NYSE:BABA) and social-media company Weibo (NASDAQ:WB) -- have been pummeled amid worries about the U.S.-China trade war. Alibaba stock has tumbled 26% in the last 12 months, while Weibo stock has sunk nearly 60% over the same period.Source: Shutterstock Investors have sold Weibo stock and Alibaba stock because they're worried the trade war will decimate China's economy, causing China's consumers to buy many fewer products. As a result, BABA's profits would slump, hurting BABA stock. Also consumer products companies will have much less money to buy ads on Weibo, a popular website in China that's similar to Twitter (NASDAQ:TWTR).Those would be valid worries, if the trade war does drag on and intensify. But for the last year, I've believed that the conflict would be resolved because the leadership of both countries have compelling reasons to bend over backward to reach a deal.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Biggest Announcements From Apple WWDC 2019 Always known as an egomaniac who's obsessed with "winning," President Trump badly wants to be the man who finally got Beijing to treat its trading partners fairly. And following multiple revolutions against Middle Eastern dictators over the past eight years, and the overthrow of many Communist regimes at the end of the Cold War, China's leaders must be more than a little worried that the collapse of the Chinese economy would lead to their (literal) doom.But the countries appear to have reached an impasse over the last six weeks. Yet both sides may have their own reasons to make it seem as though the talks have foundered, even though a deal is about to be signed.Given China's domination by Western powers in the 19th and early 20th centuries, it's very important for Beijing to show that it's not kowtowing to Washington. Meanwhile, President Trump's ego, and his resulting desire to be seen as the main hero of the story, likely make it imperative that he is closely, personally involved with reaching a deal.Consequently, I believe there's a great chance that the sides will reach an agreement, or at least resolve most issues, during the upcoming G20 meeting, which is slated to begin on June 28. President Trump is supposed to meet with his Chinese counterpart, President Xi, during the gathering.When the two presidents meet, the U.S. can make concessions that will convince the Chinese people that their country hasn't become a second-rate power that's subservient to America. And Trump can say that he personally made a "huge" deal. Why Alibaba Stock and WB Stock?Alibaba is by far the top e-commerce company in China. Its marketshare is expected to come in at 53% this year, according to research firm eMarketer. The firm expects China's e-commerce sector to grow 30% in 2019 alone.In BABA's fiscal year that ended in March, its revenue jumped 50% and its bottom line surged 30%. Given such strong growth, one would expect that the forward P/E ratio of Alibaba stock would be at least 30 -- in-line with the company's profit growth in fiscal 2019. But the current forward P/E for BABA stock is only 23.6. That makes BABA stock quite attractive at current levels.Similarly, eMarketer expects Weibo to be used by 30% of China's population in 2021 -- nearly 420 million people. That's up from 27% this year.WB's top line jumped nearly 50% last year, and its net income from continuing operations climbed 63%. Despite that huge growth, the forward P/E ratio of WB stock is a nearly unbelievably tiny 11.7. The market cap of Weibo stock is also ridiculously low, standing at around $10 billion. That's just over 2% of the market cap for Facebook (NASDAQ:FB). The Long-Term Outlook of the Trade WarAs many others have said, the trade war will definitely not last forever. Either China will make more concessions if Trump is re-elected in order to save its economy, or the new Democratic president will end the conflict. So for long-term investors, buying WB stock and Alibaba stock at these levels definitely makes sense. * The 10 Best Stocks for 2019 -- So Far But if my theory is correct, WB stock and BABA stock will pop much sooner than that.As of this writing, the author owns shares of Weibo stock. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Retailers Including Disney Agree to Ditch On-Call Scheduling * The 10 Best Stocks for 2019 -- So Far * 7 Small-Cap ETFs to Buy Now Compare Brokers The post Buy Weibo and Alibaba Stock Ahead of the G20 Meeting appeared first on InvestorPlace.
It's the most sensitive day of the year for China's internet, the anniversary of the bloody June 4 crackdown on pro-democracy protests at Tiananmen Square, and with under two weeks to go, China's robot censors are working overtime. Censors at Chinese internet companies say tools to detect and block content related to the 1989 crackdown have reached unprecedented levels of accuracy, aided by machine learning and voice and image recognition. "We sometimes say that the artificial intelligence is a scalpel, and a human is a machete," said one content screening employee at Beijing Bytedance Co Ltd, who asked not to be identified because they are not authorised to speak to media.
The so-called Twitter of China posted solid first-quarter results, but management expects slower sales growth in the next quarter.