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

June 13, 2012 8:48 AM EDT Send to a Friend
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Price: $17.96 +3.94%

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Nomura Securities maintains a 'Buy' on Youku.com (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."

For an analyst ratings summary and ratings history on Youku.com click here. For more ratings news on Youku.com click here.

Shares of Youku.com closed at $24.12 yesterday.


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