Tweet
Hi all
For those who follow the Chinese stocks, there was a major wake-up call today in their volatility. This came from www.briefing.com
...and this was the reaction on the charts 
Just goes to show, no matter how much planning you do - sometimes there are things that you can't control
For those who follow the Chinese stocks, there was a major wake-up call today in their volatility. This came from www.briefing.com
13:32 ET SOHU Sohu.com: SMS growth in Q3 may be light, overall growth intact - Piper (33.18 -2.33)
More to follow...
13:32 ET Weakness in Chinese Net stocks attributed to Piper Jaffray intraday note
Sina.com (SINA 38.68 -2.78) and Netease.com (NTES 64.72 -2.83) now down 6.7% and 4%, respectively.. details to follow
More to follow...
13:32 ET Weakness in Chinese Net stocks attributed to Piper Jaffray intraday note
Sina.com (SINA 38.68 -2.78) and Netease.com (NTES 64.72 -2.83) now down 6.7% and 4%, respectively.. details to follow
13:50 ET SOHU Sohu.com: details from Piper Jaffray note (33.45 -2.06) -- Update --
Piper Jaffray says their research indicates that a number of minor issues may have slowed the rate of SMS growth down temporarily in Q3 (China Mobile's SMS message growth was substantially below previous qtrs, China Unicom gaining share on China Mobile); however, firm believes that SOHU (and SINA and NTES) would not be impacted by mkt share shift from one carrier to the other, and believes that SOHU is likely to report in-line results when they report on Oct 23, with any shortfall from their SMS rev est very likely to be offset by strong advertising; in addition, firm believes their ests going forward may be a bit aggressive, as they may not have properly factored in Chinese seasonality (Q4 weakness). Maintains Outperform rating and $44 target on SOHU.
Piper Jaffray says their research indicates that a number of minor issues may have slowed the rate of SMS growth down temporarily in Q3 (China Mobile's SMS message growth was substantially below previous qtrs, China Unicom gaining share on China Mobile); however, firm believes that SOHU (and SINA and NTES) would not be impacted by mkt share shift from one carrier to the other, and believes that SOHU is likely to report in-line results when they report on Oct 23, with any shortfall from their SMS rev est very likely to be offset by strong advertising; in addition, firm believes their ests going forward may be a bit aggressive, as they may not have properly factored in Chinese seasonality (Q4 weakness). Maintains Outperform rating and $44 target on SOHU.
Just goes to show, no matter how much planning you do - sometimes there are things that you can't control