Guangzhou, the People's Republic of China headquartered YY Inc.'s stock finished Tuesday's session at $45.00, climbing 1.19%. A total volume of 1.82 million shares was traded, which was above their three months average volume of 1.42 million shares. Shares of the Company, which through its subsidiaries, operates an online social platform in the People's Republic of China, are trading below their 200-day moving average by 9.07%. Moreover, YY Inc.'s stock has a Relative Strength Index (RSI) of 41.64.
On November 21st, 2016, YY reported that net revenues for Q3 2016 increased by 40.3% to RMB2,089.8 million (US$313.4 million) from RMB1,490.0 million in Q3 2015. During Q3 2016, net income attributed to YY increased by 155.8% to RMB400.0 million (US$60.0 million) from RMB156.4 million in Q3 2015. Non-GAAP net income attributed to YY increased by 83.7% to RMB435.6 million (US$65.3 million) from RMB237.1 million in Q3 2015.
On November 28th, 2016, research firm Bank of America/ Merrill initiated a 'Buy' rating on the Company's stock, issuing a target price of $60 per share. YY complete research report is just a click away and free at:
Shares in Beijing, China headquartered Weibo Corp. ended yesterday's session 0.12% lower at $51.73. A total volume of 3.25 million shares was traded, which was higher than their three months average volume of 2.02 million shares. The stock has gained 5.83% in the past month, 8.81% in the previous three months, and 165.28% on an YTD basis. Shares of the Company, which operates as a social media platform for people to create, distribute, and discover Chinese-language content, are trading 4.72% above their 50-day moving average and 54.30% above their 200-day moving average. Moreover, Weibo's stock has an RSI of 60.63.
On November 21st, 2016, Weibo's net revenues for Q3 2016 increased 42% y-o-y to $176.9 million, exceeding its guidance of between $168 million and $173 million. Non-GAAP net income attributed to Weibo increased 147% on a y-o-y basis to $54.6 million, and non-GAAP diluted net income per share was $0.24 compared to $0.10 for Q3 2015. The company's adjusted EBITDA increased 117% y-o-y to $57.7 million, reaching an adjusted EBITDA margin of 33% for the reported quarter. The complimentary report on WB can be downloaded at:
On Tuesday, Beijing, the People's Republic of China headquartered 58.com Inc.'s stock saw a decline of 2.76%, to close the day at $32.77 with a total trading volume of 1.37 million shares. Shares of the Company, which operates an online marketplace for local merchants and consumers in the People's Republic of China, are trading 22.73% below their 50-day moving average. The stock has an RSI of 29.24.
On November 11th, 2016, research firm Credit Suisse downgraded the Company's stock rating from 'Outperform' to 'Neutral'.
On November 29th, 2016, 58.com announced that an Executive Vice President, Mr. Chuan Zhang, has tendered his resignation, effective November 29th, 2016. Mr. Zhang's resignation was not due to any disagreement with the Company regarding its business, finance, accounting and/or any other affairs. Mr. Zhang will work with the Company to ensure a smooth transition with his successors. The company stated that Mr. Zhang's responsibilities will be taken over by Mr. Hongyu Xing, Chief Technology Officer, Mr. Jiandong Zhuang, Executive Vice President, Mr. Mingke He, Senior Vice President, and certain Vice Presidents. Sign up for your complimentary research report on WUBA at:
Shares in Mountain View, California headquartered Alphabet Inc. ended the day 0.46% higher at $789.44, with a total trading volume of 1.56 million shares. The stock has gained 1.47% since the start of this year. The Company's shares are trading above their 200-day moving average by 3.40%. Furthermore, shares of Alphabet, which through its subsidiaries, provides online advertising services in the US, the UK, and rest of the world, have an RSI of 49.62.
On October 27th, 2016, Alphabet reported Q3 2016 revenue of $22.45 billion compared to revenue of $18.68 billion in Q3 2015. The company reported GAAP net income of $5.06 billion, or $7.25 per diluted share, compared to Q3 2015 GAAP net income of $3.98 billion, or $5.73 per share. Get free access to your research report on GOOGL at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com . Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA