Blogroll Me!

Tuesday, August 09, 2005

Quick overview of Chinese Internet Stocks (BIDU, CTRP, JOBS, NTES, SINA, SNDA, SOHU, 0700.HK)

After Baidu's rude awakening, I decided to review recent performance of all Chinese Internet-related stocks. Check out my findings below. In summary, they all have great growth, but it's paired with high valuations. It's clear that there will be some consolidation in this sector soon, however at a lot of these companies look very much alike. Baidu, 51Jobs and Ctrip all seem to have good differentiation. Sohu, Sina and Shanda Interactive all some variant of the wireless messaging, mobile gaming, ecommerce, advertising blend.
I don't know if this table will make it (let's hope):

Company

Category

Ticker

Mkt Cap USD

Latest Qtr Sales

51Jobs

Job search

JOBS

372MM

$17.8MM +26% YoY

“market demand for human resource services has moderated thus far in 2005”

Baidu

Search

BIDU

3.2B

$5.1MM

Google style paid search. Website 2nd largest in China, 6th globally.

Ctrip

Online travel

CTRP

914MM

$15.6MM +60% YoY +33% QoQ

“…saw excellent growth momentum across all of our travel booking services in the second quarter.”

Netease

Online media

NTES

2.4B

$50.4MM +90% YoY

+27% QoQ

Good growth and profitability. Gaming to boost Q3 sales to $59MM +17% QoQ and profits to $33MM +14%. Wireless facing competitive pressures.

Shanda

Online gaming

SNDA

2.7B

$60MM

+15% QoQ

Games grew 100% YoY. MMORPGs (D&D) significant growth. Universal Music partnership and Baidu strategic relationship.

Sina

Online media

SINA

1.4B

$45.8MM

-6% YoY

-20% QoQ

Seen as a take-out play by Shanda. Wireless bottomed and will see moderate growth going fwd but certain SMS ad svcs banned.

Sohu

Online portal

SOHU

638MM

$25.9MM

+10% QoQ

-5% YoY

Allowed to resume wireless messaging svcs in April 05, rev increased 7% QoQ.

TenCent

Online media

0700.HK

10.9B

$36MM +17% YoY -4.5% QoQ

QQ.com site showing growth. Wireless biz impacted by loss of mobile chat fee-sharing with China Mobile. Gaming driving growth.

3 Comments:

At 4:37 AM, Anonymous Anonymous said...

Great site about free web site design ! website design bathurst

 
At 8:10 AM, Anonymous Anonymous said...

Very cool blog you got! I just added you to my bookmarks!

I have a great article resource you might want to check out.

 
At 4:33 PM, Anonymous Anonymous said...

I'm trying to finish college at MSU and wanted to make a couple of extra bucks. I got scammed quite a few times, but found something that actually makes me about $200 bucks a month now. I know it isn't much, but at least it is legit. You can check it out and I hope it helps you out too.
Paid Survey Program That Actually Works

 

Post a Comment

<< Home

Subscribe in NewsGator Online Blogroll Me! Subscribe with Bloglines Who Links Here

Email Me