Sunday, February 26, 2012
Both Zhou's room to get open quickly on a computer connected to the network
Long steward said: In addition, the price is very expensive. * http://www.paoshu8.com/ * bubble! book. it * when the owner to see if you do not give them, the existence of Kress St. prison will certainly be impossible to know, she can not be the away, which is the master of your hope. Slowly over time, Kress is left Beihai, while Beihai City, where the Ming they still do not find anything unusual. Phoenix Freeze left, Chu is left, this, that * in their swing thoughts, they think they are out of Chu-thing strange. Chu-house within. Zhou to yourself a cup of water to drink hehe smiles: unreasonable. I'm afraid people are aware of this world have a lot of incredible strong. ordinary people know, it is no big deal, and, I am afraid that ordinary people will not know. Both Zhou's room to get open quickly on a computer connected to the network. Zhou slightly nodded quickly into the End of the World Forum. To some of the other great theory stroll around Temple, Zhou found that the same is the case. Ming said: powerful master, you can fly or human, can live for hundreds of years by practitioners well it?! , we get the strength to be strong, here are some things we definitely know, maybe there is not much of a secret, but one of the forces of fear if ordinary people have to know when the world's chaos, one of the newborn forces in the rise of threats to their position, I feel these things, ordinary people will know sooner or later. slowly, now more developed science and technology, and dissemination of information is quite fast, and a place out of things, and soon the entire planet many people know. Ai Ai, we continue to strive to practitioners of it, but my heart really is unbalanced ah, peak brother enjoy sex life, we actually have to work to practitioners. beautiful! Tens of meters away from the villa on the road to a white woman standing there, hair fluttering, it seems like ten ** years old. , tonight for a month, the girl stood under the moonlight there's no shadow! No shadow, how can not be human! This is the first time the girl lifted up their look to the Ming, her smile, smile, Tian Mei, but the Ming and Zhou saw her eyes is the look and feel of her beauty, that the eyes actually full of tyrannical intention to kill. Ring the room ... ... star, Chu has been no sleep until Phoenix Freeze seventy-eight hours after wake Kress probe into the soul is not what to say. Phoenix Freeze: fool, I rest enough, you break it, if there is something I'll call you, do not know what that time waiting for us, you adjust to the best state is always good. Chu Feng nodded slightly and said: ! Phoenix Freeze This is a very beautiful child who, Qiao Lian, under the kind of red beauty is appealing. The attractive red humiliation kiss down! Phoenix Freeze a stiff body at first, but slowly down on the soft, Chu-beginning with Na Liangpian just kissed lips, after a while, Chu-tongue Pass opened to drive straight. Phoenix Freeze the beginning there are some Qieqie tongue to hide to hide, but the small mouth, to hide where to go? Soon Chu on the chase to the Phoenix Freeze Xiangshe of the soft. that a trace of softness and flexibility. Chu Hey laughed: you are a guy. up, the Phoenix family should also not get the recognition, I think you might as well forget me now, giggle giggle! give me a look I will give you lightly put to some of the Sensation smoke, I tend to like to see you so high above the woman a ** look. re-entering the desert. Gonzalez said, Black ripped the ball is distributed out of the blue smoke, blue smoke that quickly expanded to the entire star ring space. Gonzalez said.
Both Zhou's room to get open quickly on a computer connected to the network
Long steward said: In addition, the price is very expensive. * http://www.paoshu8.com/ * bubble! book. it * when the owner to see if you do not give them, the existence of Kress St. prison will certainly be impossible to know, she can not be the away, which is the master of your hope. Slowly over time, Kress is left Beihai, while Beihai City, where the Ming they still do not find anything unusual. Phoenix Freeze left, Chu is left, this, that * in their swing thoughts, they think they are out of Chu-thing strange. Chu-house within. Zhou to yourself a cup of water to drink hehe smiles: unreasonable. I'm afraid people are aware of this world have a lot of incredible strong. ordinary people know, it is no big deal, and, I am afraid that ordinary people will not know. Both Zhou's room to get open quickly on a computer connected to the network. Zhou slightly nodded quickly into the End of the World Forum. To some of the other great theory stroll around Temple, Zhou found that the same is the case. Ming said: powerful master, you can fly or human, can live for hundreds of years by practitioners well it?! , we get the strength to be strong, here are some things we definitely know, maybe there is not much of a secret, but one of the forces of fear if ordinary people have to know when the world's chaos, one of the newborn forces in the rise of threats to their position, I feel these things, ordinary people will know sooner or later. slowly, now more developed science and technology, and dissemination of information is quite fast, and a place out of things, and soon the entire planet many people know. Ai Ai, we continue to strive to practitioners of it, but my heart really is unbalanced ah, peak brother enjoy sex life, we actually have to work to practitioners. beautiful! Tens of meters away from the villa on the road to a white woman standing there, hair fluttering, it seems like ten ** years old. , tonight for a month, the girl stood under the moonlight there's no shadow! No shadow, how can not be human! This is the first time the girl lifted up their look to the Ming, her smile, smile, Tian Mei, but the Ming and Zhou saw her eyes is the look and feel of her beauty, that the eyes actually full of tyrannical intention to kill. Ring the room ... ... star, Chu has been no sleep until Phoenix Freeze seventy-eight hours after wake Kress probe into the soul is not what to say. Phoenix Freeze: fool, I rest enough, you break it, if there is something I'll call you, do not know what that time waiting for us, you adjust to the best state is always good. Chu Feng nodded slightly and said: ! Phoenix Freeze This is a very beautiful child who, Qiao Lian, under the kind of red beauty is appealing. The attractive red humiliation kiss down! Phoenix Freeze a stiff body at first, but slowly down on the soft, Chu-beginning with Na Liangpian just kissed lips, after a while, Chu-tongue Pass opened to drive straight. Phoenix Freeze the beginning there are some Qieqie tongue to hide to hide, but the small mouth, to hide where to go? Soon Chu on the chase to the Phoenix Freeze Xiangshe of the soft. that a trace of softness and flexibility. Chu Hey laughed: you are a guy. up, the Phoenix family should also not get the recognition, I think you might as well forget me now, giggle giggle! give me a look I will give you lightly put to some of the Sensation smoke, I tend to like to see you so high above the woman a ** look. re-entering the desert. Gonzalez said, Black ripped the ball is distributed out of the blue smoke, blue smoke that quickly expanded to the entire star ring space. Gonzalez said.
asked him to come out with it
The slightly, of course, asked him to come out with it! Phoenix Freeze touch authentic: You can not regret it. ! caught you, did not even know any people, would have thought that would be more difficult to grasp, and I really ah is the day to help you actually fainted directly to the street, this does not catch you, it is heaven tolerate ah, you said the right strategy? Phoenix Freeze: Anxiebeier family based in Germany, the Crow family based in the United States. veteran's family, Crowe family had the strength of these three families is far from strong, but the family at the helm when Crowe made a correct decision from the European headquarters of the family moved to the United States, since, Crowe family welcome golden period of development and now is not weaker than the old family of three. Phoenix is not really the world such creatures, but your blood is quite powerful enough for me to enhance the strength of several levels, practitioners of the future will be far faster than now! authentic. Chu Chen Sheng said: there is no good and evil! good and evil, who can be?! you are not a set of good and evil?! such a success, but also very amazing, a lot of people more than a decade may not be able to reach you this way. Chu-frown: time and then a camera to shoot down to the web, you say what will happen when the ratings?! She really is possible to do it, if really so, then perhaps the Chu-thick skin to go out into the waiting can survive, but Phoenix Freeze will never again live in this world! Is this done before there is not a senior? Phoenix Freeze: , exterminate Holy four cardinals, five knights exterminate, exterminate those three trials, exterminate three fanatic. who exterminate countless lower strength, the Pope was seriously injured, the Holy, great vitality hurt! Her strength is relatively clear. Phoenix Freeze: Liang Qi, the Phoenix family is very angry indeed terror, four cardinals, five knights, three trials were three fanatic, but which add up to fifteen people. Fifteen strong as the equivalent of the old Cui demise, but also with the Son, and do not know how much lower the repair of some of the characters! Pope are seriously injured! Terror, quite horror! Phoenix Freeze touch authentic: did not happen. If I do not insult you, just to kill you when this matter is to be found even if I do not have so much trouble, I Holmes family is not any punches! know that you may have a powerful weapon, but can not break this ring of stars, if you break it, you will die. broken star ring, but you will not be returned to the earth above the stars involved in endless being, in that case, you say you will not die?! Phoenix Freeze this woman, the whole of the Earth can not find a few. look, you take a rest, two days later we went to Europe the. Chu-smile: feel uncomfortable? Chu said: may be. Gonzalez will not necessarily bring us to her family to go, like, she does not get much benefit, I think she wanted to own the benefits gave got! possibility is relatively large, but even so, I'm afraid we is not much chance, she dared to arrest people, should be done everything prepared. Phoenix Freeze a small hand road. Phoenix Freeze eyes flash of tenderness of the shoulder against the Chu: She slept only a short time later, blood problems, and her skill is to be swallowed a lot of blood, energy, the same is to be swallowed a lot, which is strange when not tired of. We will pay out. cast about slightly, thank you ha.)
Phoenix Freeze disappear Chu ready to go back
Phoenix Freeze disappear Chu ready to go back, but the heart is disturbed again. Mercedes-Benz car is already there in the road. Into the car in the Chu-pedal to the metal, the car quickly accelerated up! Explosion has just sounded, King of the mountain side of an evil atmosphere instantly in all directions toward the impact of breath just from that evil, a few other strong stocks also rose up the atmosphere! Which a few shares of breath Chu is still quite familiar, and that a few shares of breath is the breath of their old Cui. The atmosphere is that ordinary people are also evil can be felt, and that a few shares of a strong flavor is the same! Side of King Mountain, the sky clouds rolling, Guaixiao again and again, fire lightning to emerge! While driving, Chu Feng Freeze while a phone call, phone did no one take! King of the Mountains of intense fighting side up, although there is definitely a skilled defense planted, but Chu is also the peak body in Beihai City, one can clearly feel that the battle is fierce! After a short period of half a minute, the dragon's voice suddenly sounded housekeeper in the minds of Chu: Chu is not some calm, and just take in the house or among, which actually just thought of the time side of King Mountain and Phoenix Freeze battle took place here also find people! Chu-heart startled, but then he remembered the Kress said to devour the blood of the Phoenix Freeze! Kress temptation that is quite large, but this time Chu simply do not notice that interest them. is not an ordinary person, but just how long a distance? said. Chu * close, and saw her last when compared to the peak Chu, Kress is to enhance the strength that a lot of it! At this time, saw the golden wheel to faster than the speed of the bullet flying toward the Kress heart away! Kress in front of that bloody light very strong defense, but saw the golden wheel is not all things, that before the attack compared to the silver bullet to be much stronger pistol shot, and that in the golden color of the light The next attack saw wheel was broken open a small hole! However, in the golden wheel to crush the Kress saw the heart, when a skinny old man instantly appeared in the Kress side. Chu was determined to be from St. Yulong out and then attack into prison, but under careful consideration of the Chu-or did not do so, Phoenix Freeze do not know where to go, if they kill, and perhaps the Phoenix Freeze together or perhaps kill, and that Dragon had this old man can not kill the Chu-my heart was very skeptical. This skinny old man looking to die the same, but the fighting is actually not see just see? ? . over a certain attraction, Chu did not resist, suddenly the whole person that is absorbed into the hands went into the ring. Kress hand ring into space is not large, which is like 56 meters length and breadth, Chu-ring into the hand that suddenly discovered among the Phoenix Freeze up. This time Phoenix Freeze pale body lying on the ground constantly trembling, she looks are suffering considerable pain! coagulation of the pain, but can not treat the issue of her blood. , defense a break, natural toss up on some of the devils. peak slightly wrinkled brow in the minds Road. Chu said Phoenix Freeze see a bit of information, Phoenix Freeze the fighting could have been there nearly a thousand of more than nine, and did not expect this time actually dropped to just six, compared to before the 700-odd lower! will she swallow! condensate is slightly eyelashes finally earth a bit. Phoenix Freeze look a bit better this time in the Chu-shaking slowly opened his eyes. Chu said:
Wednesday, February 15, 2012
s white assets are not unrelated. Matsushita Electric in 2009 the
Rongshida America, Hefei Sanyo allegedly attempted to grab: not easily give up
Rongshida brands accounted for the washing machine business, will continue after the expiration of the United States,cheap mbt shoes, said lease renewal
< p> Southern News reporter Wu Xiaofang yesterday, media reports Hefei Sanyo allegedly attempted to grab 'Rongshida' right to use maturity,MBT Bia, this after several years of training, development to form a complementary brand of the market and the other two brands in the United States, said the United States will not give up, after the expiration will continue to rent. Hefei Sanyo: act according to market rules
Hefei Sanyo chairman Jin Youhua to the media recently filed Hefei local brands due in March and we hope the media to appeal to our local needs its own brand. too many aspects to coordinate everything according to market rules. In November 2004, the Group acquired the the Rongshida 50.05% shares of the company's controlling party. America's White Rongshida industry is entry into the machine industry and pave the way for the later also proved that, through the acquisition of Rongshida, Little Swan, Midea quickly into the washing machine industry.
the insiders, America's original plans to implement a comprehensive M & Rongshida to get the of Rongshida entire brand operators, but for historical reasons, Rongshida brand licensed to other brand of small household electrical appliance enterprises, the entire plate is more complicated,mbt sale, lease road Rongshida brand shares Rongshida, the final choice.
Rongshida conducive to grab three of the four markets in the United States
appliance industry experts, Liu Buchen, said: advertising under the giant gold, Rongshida feel marginalized and in some supermarkets also be listed only in the comparative edge of the zone, but not with the United States, Little Swan brand collection together. Lu Suning, Gome (microblogging) stores found Rongshida washing machine there is no admission, sales staff, said in 2009, this brand in the store there is no resale.
In this regard, the United States refrigeration relevant responsible person said: up to a long history in the washing machine sector, particularly in the four-tier cities have fixed consumer groups, and differences in development coincided with the other two brands. effort to establish a brand image, components of income of 9.729 billion yuan, an increase of 63.10%, and beauty insiders, Little Swan, the United States,Puma Soccer Cheap, Rongshida three brands share of the sales proportion of 60%, 20%, 20%.
the experts say
Sanyo want to get rid of the brand restrictions
Hefei Sanyo so eager to seek a breakthrough in the brand in the global integration with Panasonic Sanyo's white assets are not unrelated. Matsushita Electric in 2009 the acquisition of Sanyo Electric and became its wholly owned subsidiary,mbt anti sale, the lease Hefei Sanyo refrigerators and washing machines sale of assets to Haier, Hefei Sanyo felt the danger. The appliance industry expert Liu Buchen, in order to get rid of potential uncertainty,mbt cheap, Hefei Sanyo has recently introduced a new independent brand Liu Buchen, said: emotional card to impress the local government of Hefei.
share:> Related reports: Hefei Sanyo want to recapture from the hands of the United States Little Swan integrated batch of the United States basically completed | SAN official microblogging microblogging
Rongshida brands accounted for the washing machine business, will continue after the expiration of the United States,cheap mbt shoes, said lease renewal
< p> Southern News reporter Wu Xiaofang yesterday, media reports Hefei Sanyo allegedly attempted to grab 'Rongshida' right to use maturity,MBT Bia, this after several years of training, development to form a complementary brand of the market and the other two brands in the United States, said the United States will not give up, after the expiration will continue to rent. Hefei Sanyo: act according to market rules
Hefei Sanyo chairman Jin Youhua to the media recently filed Hefei local brands due in March and we hope the media to appeal to our local needs its own brand. too many aspects to coordinate everything according to market rules. In November 2004, the Group acquired the the Rongshida 50.05% shares of the company's controlling party. America's White Rongshida industry is entry into the machine industry and pave the way for the later also proved that, through the acquisition of Rongshida, Little Swan, Midea quickly into the washing machine industry.
the insiders, America's original plans to implement a comprehensive M & Rongshida to get the of Rongshida entire brand operators, but for historical reasons, Rongshida brand licensed to other brand of small household electrical appliance enterprises, the entire plate is more complicated,mbt sale, lease road Rongshida brand shares Rongshida, the final choice.
Rongshida conducive to grab three of the four markets in the United States
appliance industry experts, Liu Buchen, said: advertising under the giant gold, Rongshida feel marginalized and in some supermarkets also be listed only in the comparative edge of the zone, but not with the United States, Little Swan brand collection together. Lu Suning, Gome (microblogging) stores found Rongshida washing machine there is no admission, sales staff, said in 2009, this brand in the store there is no resale.
In this regard, the United States refrigeration relevant responsible person said: up to a long history in the washing machine sector, particularly in the four-tier cities have fixed consumer groups, and differences in development coincided with the other two brands. effort to establish a brand image, components of income of 9.729 billion yuan, an increase of 63.10%, and beauty insiders, Little Swan, the United States,Puma Soccer Cheap, Rongshida three brands share of the sales proportion of 60%, 20%, 20%.
the experts say
Sanyo want to get rid of the brand restrictions
Hefei Sanyo so eager to seek a breakthrough in the brand in the global integration with Panasonic Sanyo's white assets are not unrelated. Matsushita Electric in 2009 the acquisition of Sanyo Electric and became its wholly owned subsidiary,mbt anti sale, the lease Hefei Sanyo refrigerators and washing machines sale of assets to Haier, Hefei Sanyo felt the danger. The appliance industry expert Liu Buchen, in order to get rid of potential uncertainty,mbt cheap, Hefei Sanyo has recently introduced a new independent brand Liu Buchen, said: emotional card to impress the local government of Hefei.
share:> Related reports: Hefei Sanyo want to recapture from the hands of the United States Little Swan integrated batch of the United States basically completed | SAN official microblogging microblogging
With the passage of time
SAN Beijing time on November 30 morning news, market research firm Forrest released the latest survey said that consumer interest in buying the Windows Tablet PC is down,cheap pandora buy, but still higher than the Android Tablet PC .
Earlier this year, the survey shows that the majority of the respondents want to buy a Windows Touch device ,Adidas AdiPURE IV Shoes, but now with the release of a variety of Tablet PC models ,MBT Fumba, this ratio has been reduced not less.
the first quarter of this year , 46 percent of the potential buyers want the Windows Tablet PC , but by the third quarter , this proportion had dropped to only 25% . The same time ,Puma Kimi Raikkonen, consumers' purchase of the Android Tablet PC passion is on the rise from 9% in the first quarter rose to 18 percent in the third quarter , but still lags behind the percentage of purchase in the Windows Tablet PC . Apple iOS devices gaining favor,MBT Sini, the third quarter, 28% of potential buyers want to iOS devices, from 16 percent in the first quarter .
a new generation of tablet PCs based on Windows 8 ( hereinafter referred to as . Win 8 until next year release, when other competitors will launch its third-generation Tablet PC models . With the passage of time,MBT Shoes Staka, consumers ' interest in the Windows Tablet PC will decline rapidly.
Dell ( microblogging ) and Samsung have already indicated their support to Win , the future is expected to more manufacturers to Win 8 camp . ( Xiaoming ) < / p> share :> Related: Nokia want to push Windows Tablet PC : Success is expected to Dell says Windows Tablet still have advantages in the enterprise market that Microsoft Windows Tablet PC will be struggling Apple Google Ballmer said the Windows Tablet PC before Christmas this year listed , analysts said Windows Tablet PC next year the earliest listed microblogging | SAN official microblogging
Earlier this year, the survey shows that the majority of the respondents want to buy a Windows Touch device ,Adidas AdiPURE IV Shoes, but now with the release of a variety of Tablet PC models ,MBT Fumba, this ratio has been reduced not less.
the first quarter of this year , 46 percent of the potential buyers want the Windows Tablet PC , but by the third quarter , this proportion had dropped to only 25% . The same time ,Puma Kimi Raikkonen, consumers' purchase of the Android Tablet PC passion is on the rise from 9% in the first quarter rose to 18 percent in the third quarter , but still lags behind the percentage of purchase in the Windows Tablet PC . Apple iOS devices gaining favor,MBT Sini, the third quarter, 28% of potential buyers want to iOS devices, from 16 percent in the first quarter .
a new generation of tablet PCs based on Windows 8 ( hereinafter referred to as . Win 8 until next year release, when other competitors will launch its third-generation Tablet PC models . With the passage of time,MBT Shoes Staka, consumers ' interest in the Windows Tablet PC will decline rapidly.
Dell ( microblogging ) and Samsung have already indicated their support to Win , the future is expected to more manufacturers to Win 8 camp . ( Xiaoming ) < / p> share :> Related: Nokia want to push Windows Tablet PC : Success is expected to Dell says Windows Tablet still have advantages in the enterprise market that Microsoft Windows Tablet PC will be struggling Apple Google Ballmer said the Windows Tablet PC before Christmas this year listed , analysts said Windows Tablet PC next year the earliest listed microblogging | SAN official microblogging
s well as on the Sina microblogging valuation as $
SAN FRANCISCO, November 30 morning news, the U.S. investment bank ThinkEquity released research report, Sina (Nasdaq: SINA) shares a .
Following is a summary of their contents:
research General:
Sina stock has been under pressure recently because investors in the Chinese company's corporate governance faced by regulatory measures concern. Although we believe Sina in the near future will still be faced with these worrying factors, but we continue to be optimistic about Sina's stock because of its healthy user participation, and is expected Sina microblogging platform, is about to be commercialized. We expect that the Sina portal advertising, mobile, investment and cash valued at approximately $ 65 per share to $ 70, indicating that the current valuation of the Sina microblogging negative. Based on the valuation of $ 3,000,000,000 of the Sina microblogging Sina target price set at $ 115. We continue to recommend buying Sina's stock.
study points:
* We believe that corporate governance for Sina fears overdone. Worried investors Sina recent write-down of the investment value held by the China Real Estate Information Corporation (Nasdaq: CRIC) and Mecoxlane (Nasdaq: MCOX) held its stock cautious. However,MBT Store, we believe that these investments have long-term strategic significance, mainly due to losses resulting from market conditions and the deteriorating macroeconomic environment.
* microblogging visibility of SMEs to provide localized support. For some time, when Chinese SMEs seeking to obtain localized visibility and exposure, Baidu's keyword search marketing is their only option. However, we believe that this case should be over time and gradually changed the microblogging increasingly small and medium enterprises as a marketing tool, to carry out activities with its customers and to promote their products.
* X microblogging platform to help build the ecosystem of Sina microblogging. The Sina X microblogging platform not only has the same core functionality and Sina microblogging, but also gives developers the flexibility to add custom applications to meet the special needs. The most important thing is, X microblogging can connect the user Sina microblogging accounts and other microblogging account. Sina microblogging users continue to increase in the number of circumstances, we believe that more and more media companies are likely to start using X microblogging to create your own microblogging platform,MBT Women's Tupu, network effects should help to Sina to expand their microblogging ecosystem.
* promising e-commerce activities on the Sina microblogging platform. We note that the brands and advertisers in the past few months, more and more use of the Sina microblogging account to promote its own products. According to our research shows, the coupon applications available in the Sina microblogging platform has more than 60 of these applications can help users to track and apply for trading on the Internet and physical retail outlets.
attractive valuations. We expect that the Sina portal advertising, mobile, investment and cash valued at approximately $ 65 per share to $ 70, indicating that the current valuation of the Sina microblogging negative. Based on the valuation of $ 3,000,MBT Tunisha,000,000 of the Sina microblogging Sina target price set at $ 115. We continue to recommend buying Sina's stock. We expect that the end of 2011 and the end of 2012, the average daily number of active users of Sina will be able to reach about 26 million people and about 38 million people. Based on this, our valuation of $ 3,Women Puma Ferrari Sale,000,000,000 of the Sina microblogging means that the per capita contribution in 2012 from the average daily active users for $ 79 46% lower than the comparable data with the United States, comparable with 2012 competitors data low 6%.
valuation:
sum method of valuation based on classification analysis, we will Sina's 12 month target price set at $ 115. We expect that not included in the microblogging investment, Sina 2012 fiscal year earnings per share of the advertising business for $ 2.38, a price-earnings ratio of 21 times; non-advertising business in fiscal year 2012 earnings per share of $ 0.33, the price-earnings ratio of 10 times. Given our expected growth rate of our advertising business will be more than the relatively flat growth rate of 20% and non-advertising business, we think that this expectation is reasonable. In addition, on the Sina ($ 3.50 per share),Puma Basket Brights Shoes, Mecoxlane investment ($ .24 per share),Puma Ducati Series Shoes, potatoes (microblogging), Nasdaq: TUDO) investment ($ 0.25 per share held by the China Real Estate Investment ), $ 11.30 per share in net cash, as well as on the Sina microblogging valuation as $ 46 per share expected, the results Sina target price is $ 115. (Tang Style)
share:> Report: Barclays Capital, the maintenance of future asset The Sina holdings rating target price of $ 103 United States to maintain the stock of Sina Buy rating target price of $ 102 to reiterate Sina buy rating: microblogging strategy good progress THCapital: Sina microblogging and video services should be optimistic about Morgan Stanley: Sina microblogging profitability model show Sina science and technology official microblogging microblogging Recommend |
Following is a summary of their contents:
research General:
Sina stock has been under pressure recently because investors in the Chinese company's corporate governance faced by regulatory measures concern. Although we believe Sina in the near future will still be faced with these worrying factors, but we continue to be optimistic about Sina's stock because of its healthy user participation, and is expected Sina microblogging platform, is about to be commercialized. We expect that the Sina portal advertising, mobile, investment and cash valued at approximately $ 65 per share to $ 70, indicating that the current valuation of the Sina microblogging negative. Based on the valuation of $ 3,000,000,000 of the Sina microblogging Sina target price set at $ 115. We continue to recommend buying Sina's stock.
study points:
* We believe that corporate governance for Sina fears overdone. Worried investors Sina recent write-down of the investment value held by the China Real Estate Information Corporation (Nasdaq: CRIC) and Mecoxlane (Nasdaq: MCOX) held its stock cautious. However,MBT Store, we believe that these investments have long-term strategic significance, mainly due to losses resulting from market conditions and the deteriorating macroeconomic environment.
* microblogging visibility of SMEs to provide localized support. For some time, when Chinese SMEs seeking to obtain localized visibility and exposure, Baidu's keyword search marketing is their only option. However, we believe that this case should be over time and gradually changed the microblogging increasingly small and medium enterprises as a marketing tool, to carry out activities with its customers and to promote their products.
* X microblogging platform to help build the ecosystem of Sina microblogging. The Sina X microblogging platform not only has the same core functionality and Sina microblogging, but also gives developers the flexibility to add custom applications to meet the special needs. The most important thing is, X microblogging can connect the user Sina microblogging accounts and other microblogging account. Sina microblogging users continue to increase in the number of circumstances, we believe that more and more media companies are likely to start using X microblogging to create your own microblogging platform,MBT Women's Tupu, network effects should help to Sina to expand their microblogging ecosystem.
* promising e-commerce activities on the Sina microblogging platform. We note that the brands and advertisers in the past few months, more and more use of the Sina microblogging account to promote its own products. According to our research shows, the coupon applications available in the Sina microblogging platform has more than 60 of these applications can help users to track and apply for trading on the Internet and physical retail outlets.
attractive valuations. We expect that the Sina portal advertising, mobile, investment and cash valued at approximately $ 65 per share to $ 70, indicating that the current valuation of the Sina microblogging negative. Based on the valuation of $ 3,000,MBT Tunisha,000,000 of the Sina microblogging Sina target price set at $ 115. We continue to recommend buying Sina's stock. We expect that the end of 2011 and the end of 2012, the average daily number of active users of Sina will be able to reach about 26 million people and about 38 million people. Based on this, our valuation of $ 3,Women Puma Ferrari Sale,000,000,000 of the Sina microblogging means that the per capita contribution in 2012 from the average daily active users for $ 79 46% lower than the comparable data with the United States, comparable with 2012 competitors data low 6%.
valuation:
sum method of valuation based on classification analysis, we will Sina's 12 month target price set at $ 115. We expect that not included in the microblogging investment, Sina 2012 fiscal year earnings per share of the advertising business for $ 2.38, a price-earnings ratio of 21 times; non-advertising business in fiscal year 2012 earnings per share of $ 0.33, the price-earnings ratio of 10 times. Given our expected growth rate of our advertising business will be more than the relatively flat growth rate of 20% and non-advertising business, we think that this expectation is reasonable. In addition, on the Sina ($ 3.50 per share),Puma Basket Brights Shoes, Mecoxlane investment ($ .24 per share),Puma Ducati Series Shoes, potatoes (microblogging), Nasdaq: TUDO) investment ($ 0.25 per share held by the China Real Estate Investment ), $ 11.30 per share in net cash, as well as on the Sina microblogging valuation as $ 46 per share expected, the results Sina target price is $ 115. (Tang Style)
share:> Report: Barclays Capital, the maintenance of future asset The Sina holdings rating target price of $ 103 United States to maintain the stock of Sina Buy rating target price of $ 102 to reiterate Sina buy rating: microblogging strategy good progress THCapital: Sina microblogging and video services should be optimistic about Morgan Stanley: Sina microblogging profitability model show Sina science and technology official microblogging microblogging Recommend |
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