Nomura Securities Maintains a 'Buy' on (YOKU); Highlights From Meeting with Management

June 13, 2012 8:48 AM EDT
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Price: $27.54 --0%

Rating Summary:
    6 Buy, 11 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 16 | New: 13
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Nomura Securities maintains a 'Buy' on (NYSE: YOKU) price target of $53.00.

Analyst, Jin Yoon, said, "We met with Youku management to discuss recent company developments. Highlights: Management noted that bandwidth cost for the rest of FY12 is likely to stay steady; Management doesn’t believe that potential slowdown on Sohu’s Video business will offer additional opportunity for Youku to gain market shares; Youku has seen a rationalization pattern of the content price within the industry recently; Youku is not making any change on its content purchasing plan for this year; Management notes that the ads pricing on the Tudou platform is still ~20% lower than on Youku’s platform."

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Shares of closed at $24.12 yesterday.

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