Saturday, October 13, 2012

although Ling Yu does not say there


SAN FRANCISCO, October 9 evening news, Goldman Sachs today released research report, Youku potatoes (Nasdaq: YOKU) rating on the stock to
the following as the main Report:
Youku potatoes added to the 17% of the share price upside. More consumers are watching Internet video, which makes Youku potatoes become China's fastest growing advertising platform, and future growth is likely to come from advertising and mobile platforms before playing commercialization. We believe that the recent mergers and acquisitions in line with the the Youku principle objective of the industry structure is more reasonable. This will lead to the decline of the content bidding, to improve the efficiency of bandwidth utilization. Internet video industry is still in the early stages of development UGG Tassel Short Boots, the scale will bring long-term sustainable development and the success of the business model Timberland Hydroclimb Hybrid Shoes Sale.
Youku and potatoes of the merger is to keep the size of the first step in the process of integration of the Internet video industry. A leading Internet video company should strengthen the leading position by expanding the scale to purchase premium content and strong brand to attract more advertisers North Face Denali Hoodie Sale. We believe that their main advantage is that for rapidly changing forms of advertising, consumer goods advertisers who wish to build a strong Internet brand. Although the current macroeconomic situation, there is a challenge, but we expected that Internet video will continue to grow rapidly. IResearch expects 2011-2014, Internet video advertising revenue compound annual growth rate of 56%, while the the advertisers advertising spending compound annual growth rate of only 13%. We expect that, from 2012 to 2015, potatoes Youku's revenue compound annual growth rate of 43%, sufficient scale of the combined company will ensure a profit in the fourth quarter of 2013, and to achieve positive free cash flow in 2015 North Face Denali. We expect that the long-term rate will be 17% of the net profit Youku potatoes.
our target price is equivalent to 2014 and forward-looking price-earnings ratio of 103 times in 2015 and 39 times. Earnings time and the uncertainty of the long-term profitability of the current stock price.
Youku potatoes faces key risks include: weak advertising needs, execution risk, market competition after the merger, earnings the northface jackets, and the industry's long-term margin outlook. (Viking)
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