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Street's Q1 Sales Estimates For Baidu Currently 'Aggressive'
Tuesday, January 19, 2016 - 10:14am | 357Read More...The share price of Baidu Inc (ADR) (NASDAQ: BIDU) has declined 14.59 percent over the last one month, touching a low of $159.831 on January 15. Henry Guo of Summit Research has reiterated a Hold rating on the company, while lowering the price target from $189 to $169. Guo attributes the...
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Double Eleven Shopping Day Is Coming: How Alibaba Wins
Monday, October 19, 2015 - 8:44am | 317Read More...Alibaba Group Holding Ltd (NYSE: BABA) shares have plunged 32 percent year-to-date, and are trading significantly below their 52-week high of $120. Summit Research’s Henry Guo maintained a Buy rating on the company, with a price target of $81. While competition is intensifying ahead...
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Chinese Media Stocks Mixed After Alibaba-Youku Tudou Buyout
Friday, October 16, 2015 - 1:53pm | 494Read More...Shares of Youku Tudou Inc (ADR) (NYSE: YOKU) soared higher by more than 20 percent. Alibaba Group Holding Ltd (NYSE: BABA) announced its intention to acquire the remaining stake in Youku it doesn't already own for $26.60 per ADR. Shares of Chinese media firms surged in sympathy. Shares of Youku...
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Summit Research: Vipshop 'A Key Holding' To Gain Exposure To China's eCommerce Market
Friday, October 2, 2015 - 2:01pm | 434Read More...Shares of Vipshop Holdings Ltd – ADR (NYSE: VIPS) spiked higher by nearly 6 percent Friday morning. The move higher may be partially attributed to a bullish report by Henry Guo of Summit Research. Guo maintained a Buy rating and $31 price target, noting that the company is a "key holding" to gain...
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Summit's Guo Downgrades Baidu On O2O Concerns
Wednesday, September 30, 2015 - 9:02am | 370Read More...Summit Research has downgraded Baidu Inc (NASDAQ: BIDU) to Hold on margin weakness. The firm believes that Baidu’s investment in O2O initiatives will negatively impact its bottom line. Summit remains bullish on Baidu’s core search business. Summit Research has downgraded...
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Why It Might Be Time To Buy Weibo: Summit Research
Thursday, August 27, 2015 - 10:05am | 322Read More...Shares of Weibo Corp. (ADR) (NASDAQ: WB) have declined more than 43 percent over the past year. Henry Guo of Summit Research has upgraded the rating on Weibo from Hold to Buy, with a price target of $14. Following the company’s 2Q15 earnings results and the recent market correction...
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Time To Take Profits: Summit Offers Trading Call On Splunk, Downgrades To Hold
Monday, August 24, 2015 - 2:42pm | 387Read More...Analysts at Summit Research assure it is time to take profits at Splunk Inc (NASDAQ: SPLK). In fact, in a report issued Sunday, the experts – Srini Nandury, Srini Sundararajan, Jonathan Kees and Henry Guo – downgraded the stock’s rating from Buy to Hold on an impending multiple...
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Alibaba's Investment In Suning Is A Move To Challenge JD.com's Leadership In Consumer Electronics
Tuesday, August 11, 2015 - 12:29pm | 370Read More...Alibaba Group Holding Ltd (NYSE: BABA) reported on Monday that it will be acquiring a minority stake (about 20 percent) in brick and mortar retailer Suning for $4.5 billion. Suning operates several electronic stores across China. Henry Guo, managing director and senior research analyst at...
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Will Alibaba's Stock Hit Triple Digits Once Again?
Monday, August 10, 2015 - 10:36am | 478Read More...Shares of Alibaba Group Holding Ltd (NYSE: BABA) peaked at $120.00 last November and have been trading below the $100-mark for most of 2015. As investors anxiously await for its first-quarter results on Wednesday, the question remains when (or if) shares will once again trade in the triple-digits...
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Why Margins Are In Focus For Alibaba's Earnings
Monday, August 10, 2015 - 8:02am | 277Read More...In a report published Sunday, Summit Research analyst Henry Guo previewed Alibaba Group Holding Ltd (NYSE: BABA)'s June quarter results (scheduled for August 12 before market open), noting that Street expectations for 34 percent year-over-year revenue growth is "achievable" and the...
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Baidu Analysts Mostly Positive Heading Into Earnings; Mobile Search Monetization In Focus
Monday, July 27, 2015 - 12:59pm | 812Read More...Baidu Inc (ADR) (NASDAQ: BIDU) is scheduled to report its second quarter results after Monday's market close. The Estimize community (based on 62 estimates) is calling for the company to earn $1.85 per share on revenue of $2.629 billion. This compares to the Wall Street consensus estimate...
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Summit Research Discusses Alibaba's 'Last Mile' Strategy
Tuesday, July 14, 2015 - 11:26am | 294Read More...In a report published Monday, Summit Research analyst Henry Guo analyzed Alibaba Group Holding Ltd (NYSE: BABA)'s "last mile" strategy in which the company deploys "Cainiao Pick-Up Stations" to increase its geographical presence and improve its logistical efficiency. After making a purchase on...
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Baidu Shares Fall On Rumor Of Weak Quarter; Here's What Analysts Dispute
Wednesday, July 1, 2015 - 11:36am | 360Read More...Shares of Baidu Inc (NASDAQ: BIDU) were lower on Wednesday following market chatter that the firm is expected to report a slow quarter. A Baidu spokesperson declined to comment on the rumor of a weak quarter. At least one analyst's recent research report supported the rumor of a weak quarter,...
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Youku Earnings Preview: What Wall Street Has To Say
Wednesday, May 20, 2015 - 11:36am | 565Read More...Youku Tudou Inc (ADR) (NYSE: YOKU) is scheduled to report its first quarter results on Wednesday after market close. The Estimize consensus earnings per share estimate (based on four estimates) stands at a loss of $0.21 on revenue of $179.33 million. This compares to the Wall Street consensus...
