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港股异动 | 微博-SW(09898)尾盘反弹近3% 盘后将发一季度业绩 瑞银指其股价下行空间有限

Changes in Hong Kong stocks | Weibo-SW (09898) rebounded nearly 3% at the end of the session and will release first-quarter results after the market, UBS says there is limited room for its share price to decline

Zhitong Finance ·  May 23 15:18

Weibo-SW (09898) rebounded nearly 3% in late trading and fell 3.5% in early trading. As of press release, it rose 2.84% to HK$72.5, with a turnover of HK$6.891,700.

The Zhitong Finance App learned that Weibo-SW (09898) rebounded nearly 3% in late trading and fell 3.5% in early trading. As of press release, it rose 2.84% to HK$72.5, with a turnover of HK$6.891,700.

According to the news, Weibo will release the first quarter results after the market today. UBS previously reported that Weibo's revenue for the first quarter of this year is expected to drop 2% year on year, increase 1% year on year in the second quarter, and return to 6% and 7% growth in the third and fourth quarters, respectively. Since Weibo's valuation has dropped to about 5 times the predicted price-earnings ratio in 2024, which is the lowest level among major Chinese internet stocks, the bank believes that Weibo's stock price already reflects weak advertising performance, so there is limited room for decline. At the same time, it believes that the potential recovery in the second half of this year will be a catalyst, and it is believed that Weibo's further commitment to shareholder returns will provide downside protection.

The translation is provided by third-party software.


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