Weibo (WB US, BUY, TP US$26.9) Earnings Review: Maintain BUY for Margin Improvement
While we dial down its 2Q23 revenue forecast, we remain optimistic about its growth in 2H23, as more brand advertisers gradually recover. Maintain...
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Tencent, Baidu, Weibo, Kuaishou and Bili: Online Ads Show Slow Recovery Trend
We recently conducted a round of interviews of several major Chinese online advertising agencies. We conclude that there has been slower-than...
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[Weibo (WB US) Earnings Review]: Maintain BUY for Ads Recovery in Coming Quarters
While we raise its revenue forecast in 2023, we also expect its costs and expenses to rebound. Maintain BUY and TP unchanged, which implies 13X PE...
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China TMT Update (Feb.17) - Meituan, PDD, Shein, Tencent, WB - Meituan Is Testing Short Video
Meituan is testing short video and live streaming function for food delivery (+); PDD: Shein is to launch its online marketplace in the US(-);
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[Weibo (WB US) Target Price Change]: Rebound After Temporary Disturbance, Maintain BUY
We estimate that Weibo’s top line/bottom line would be 1.3%/9.0% vs cons., as the continuous cost-saving measures offset the impacts of temporary...
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