Nomura Securities Reaffirms a 'Buy' on Youku.com (YOKU); Q4 Review
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Price: $27.54 --0%
Rating Summary:
5 Buy, 11 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 11 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities reaffirms a 'Buy' on Youku.com (NYSE: YOKU) price target of $53.00.
Analyst, Jin Yoon, said, "Youku’s 4Q11 revenue beat Street consensus, but came in lower than our estimates. We believe guidance for 95-105% y-y top-line growth for 1Q12F has room for upside. We are positive on the company announced a merger with Tudou, owing to: 1) a pure stock transaction that should keep a healthy balance sheet and solid combined cash position of ~US$700mn; 2) transaction creates a solid No.1 in the industry to exert significant pressures on smaller players; 3) increasing bargain power with advertisers, which stimulate ads ASP growth; 4) Significant cost saving opportunities. Our $53 PT is based on a DCF valuation, assuming a WACC of 13.4% and a terminal growth rate of 3%."
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 $31.85 yesterday.
Analyst, Jin Yoon, said, "Youku’s 4Q11 revenue beat Street consensus, but came in lower than our estimates. We believe guidance for 95-105% y-y top-line growth for 1Q12F has room for upside. We are positive on the company announced a merger with Tudou, owing to: 1) a pure stock transaction that should keep a healthy balance sheet and solid combined cash position of ~US$700mn; 2) transaction creates a solid No.1 in the industry to exert significant pressures on smaller players; 3) increasing bargain power with advertisers, which stimulate ads ASP growth; 4) Significant cost saving opportunities. Our $53 PT is based on a DCF valuation, assuming a WACC of 13.4% and a terminal growth rate of 3%."
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 $31.85 yesterday.
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