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  • Article / 16 October 2015 at 4:49 GMT

    Lifting of lottery ban no sure bet for smaller players

    China Watcher / Shanghai
    China
    Lifting of lottery ban no sure bet for smaller players
    The Chinese government has announced that individual provinces will be allowed to lift the ban on lottery sales and payouts, which will be a major boost to gambling site 500.com. Since the initial ban in April, the firm has not earned any revenues, which has taken it to the brink of bankruptcy. However, on a wider scale, many Chinese firms operate their own lottery business, so quarterly earnings should see a noticeable gain from the fourth quarter.
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  • Article / 23 September 2015 at 1:32 GMT

    Qihoo's call on Coolpad leaves shareholders on hold

    China Watcher / Shanghai
    China
    Qihoo's call on Coolpad leaves shareholders on hold
    US-listed Qihoo has boosted its holding in the Coolpad smartphone joint venture. However, this was achieved by activating a clause in the JV contract that required Coolpad to buy out its stake, amid rumours of board-level disagreement. This was a case of poor communication with shareholders. Meanwhile Qihoo's ongoing privatisation bid remains up in the air, but it is already acting like a private company.
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  • Article / 09 September 2015 at 0:17 GMT

    Qihoo hangs up on smartphone joint venture

    China Watcher / Shanghai
    China
    Qihoo hangs up on smartphone joint venture
    Qihoo surprised investors on Monday evening by announcing it has exercised a put option on its smartphone joint venture, which would require Coolpad to buy out its 49.5% stake. This comes a few weeks after the new smartphone range was launched, and a week after management were bullish on the outlook of the business during its second-quarter earnings release.
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    3y
    novinoliza novinoliza
    This comment has been redacted
  • Article / 04 September 2015 at 4:15 GMT

    Earnings Review: Qihoo results raise more questions than answers

    China Watcher / Shanghai
    China
    Earnings Review: Qihoo results raise more questions than answers
    In my earnings preview, I stated that Qihoo needs to give more information on the state of its privatisation bid, which is looking more likely to be abandoned. However, Qihoo’s management gave no new commentary on the bid, and took the unusual step of not providing third-quarter guidance and not hosting an earnings conference call. This leaves investors in limbo.
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  • Article / 28 August 2015 at 0:32 GMT

    Earnings Preview: Qihoo’s elephant in the room

    China Watcher / Shanghai
    China
    Earnings Preview: Qihoo’s elephant in the room
    Chinese tech firm Qihoo will report Q2 earnings on September 1, with investors expecting to see commentary on the outstanding privatisation offer that remains on the table. Given the share price has fallen heavily since the announcement, the premium of the bid stands at 50%. Investors will need clarification on this.
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    3y
    BertoLoloyse BertoLoloyse
    This comment has been redacted
  • Trade view / 27 August 2015 at 1:42 GMT
    Strategic trade

    Any news is good news for Qihoo privatisation

    China Watcher / Shanghai
    China
    Ahead of its September 1 earnings release, Qihoo investors will be looking for clarity on the outstanding privatisation bid, which despite being offered at a 16.6% premium over the share price at the time of announcement, is now 60% higher than last night's close. Let's face it, the deal won't be concluded at that price.
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  • Trade view / 29 July 2015 at 22:57 GMT
    Strategic trade

    Baidu's strong Q2 bodes well for Qihoo earnings

    China Watcher / Shanghai
    China
    Search engine market leader Baidu showed good progress in the search business with the release of its Q2 earnings, and investors should be expecting its rival Qihoo to follow suit. Investors were concerned with Baidu's spending plans for the O2O industry, but Qihoo doesn't plan a similar entry. In addition, the upcoming earnings release will give clarity on the ongoing privatisation bid, with management set to buy the firm for $77 per share.
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  • Article / 24 July 2015 at 1:53 GMT

    China’s buyouts - home is now where the money is

    China Watcher / Shanghai
    China
    In May and June, a wave of US-listed Chinese firms announced privatisation deals. But doubts rose over these deals as domestic indices fell over 30% within weeks as the government cracked down on margin trading. Questions over these buyout bids remain unanswered.
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    4y
    Cassy Cassy
    This comment has been redacted
  • Trade view / 20 July 2015 at 23:00 GMT
    Strategic trade

    Qihoo's privatisation bid back in focus

    China Watcher / Shanghai
    China
    At the time of Qihoo’s $10 billion privatisation bid, the deal looked like it would face very few issues. However, then Chinese equity markets began a 30% decline over the course of a few weeks. As margin volumes rise again, there seem to be few obstacles left for Qihoo to overcome, and acceptance of the deal is likely just a matter of time.
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  • Article / 09 July 2015 at 23:58 GMT

    China shares bounce back, but is it sustainable?

    China Watcher / Shanghai
    China
    China shares bounce back, but is it sustainable?
    China’s share rout has dominated international news. Many believe that this poses more risk to the global economy than the troubles in Greece. After government intervention, US listed Chinese firms finished notably higher for two days straight, and China could begin to recover. However, the market is on a precipice. Recovery and continued falls are equally likely.
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