2011年3月2日星期三

Goldman Sachs maintained a neutral rating to the $ 78 price target cut

Beijing March 2, Goldman Sachs GS, 161.31,0.00% today released a report, maintaining, 82.00,0.00%, the stock

Goldman Sachs report said fourth-quarter revenue above analysts expectations, but slightly weaker first-quarter revenue expectations. Microblogging over 100 million registered users, subscriber growth was strong, with Goldman Sachs as expected. However, the management plan did not emphasize a profit this year, and work to expand the scale platform, integrated ecosystem, expanding development pipeline, intended to enhance market competitiveness. Goldman Sachs agreed to this strategy, but that earnings will slow down implementation of the scheme valuation impact.

Goldman Sachs also believes that R & D and marketing spending this year will be significant growth, will add thousands of employees, the video business will get more content, and this year will be under substantial pressure on profit margins. In addition, the acquisition of McCaw forest MCOX, 5.68,0.00% stake is not for the development of comprehensive e-commerce, but an attempt to optimize the platform to power business users.

after the Feb. 16, Goldman Sachs rating from Goldman Sachs believes that the market valuation of microblogging has reached 2 billion U.S. dollars, due to the commercialization of micro-Bo is still in its infancy, so the current situation valuation upside is limited.

Last December, Goldman Sachs Investment Report has published, to maintain the stock

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