|Bid||111.00 x 200|
|Ask||116.00 x 500|
|Day's range||111.32 - 116.11|
|52-week range||66.40 - 119.20|
|PE ratio (TTM)||64.09|
|Earnings date||20 Feb 2018 - 26 Feb 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||136.14|
Chinese stocks are showing strength in the new year, and several could soon present buying opportunities.
Investing in Chinese companies is subject to a quagmire of political uncertainty and the specter of government intervention. But there's another issue that poses a risk many investors are unaware of.
U.S.-listed China-based firms, particularly those that cater to China's booming internet population, aren't suffering from lack of growth.
GREENWICH, Conn.--(BUSINESSWIRE)-- Aristeia Capital, L.L.C. (collectively with Aristeia Master, L.P. and certain other affiliates, “Aristeia” or “we” or “us”), a long-term investor in Sina Corporation (NASDAQ:SINA - News) (“Sina” or the “Company”) and currently one of the Company’s five largest shareholders, owning approximately 3 million shares, today commented on Sina’s announcement of preliminary voting results for the 2017 Annual Meeting of Shareholders (“Annual Meeting”). Robert H. Lynch, Jr., Partner, Aristeia Capital, L.L.C., said, “While we are disappointed by this outcome, we are extremely encouraged by the fact that the majority of independent, non-insider shareholders voted to support at least one of our nominees and our case for change – underscoring the need for new voices in the Sina boardroom to help improve corporate governance and reduce or eliminate the Company’s massive valuation discount.
Chinese internet company Sina Corp. is likely to have fended off activist investor Aristeia Capital’s attempt to win seats on its board based on early voting returns from shareholders, according to people ...
BEIJING (AP) — President Xi Jinping has promised to open China's economy wider during a meeting with American business leaders ahead of a visit by U.S. President Donald Trump amid trade tensions.
Sina has jumped 108%, partly due to its controlling stake in Weibo and speculation that Aristeia Capital could win a proxy fight.
GREENWICH, Conn.--(BUSINESSWIRE)-- Aristeia Capital, L.L.C. (collectively with Aristeia Master, L.P. and certain other affiliates, “Aristeia” or “we” or “us”), a long-term investor in Sina Corporation (NASDAQ:SINA - News) (“Sina” or the “Company”) and currently one of the Company’s five largest shareholders, owning approximately 3 million shares, today sent a letter to Sina shareholders in connection with Aristeia’s nomination of two highly-qualified, independent candidates – Thomas J. Manning and Brett H. Krause – for election to the Company’s Board of Directors (the “Board”) at the upcoming Annual Meeting of shareholders, which is currently scheduled to be held on November 3, 2017. Aristeia urges all Sina shareholders to vote on the BLUE proxy card today.
Aristeia Capital said it believes Sina Corp., which controls the Chinese Twitter-like service Weibo Corp., could fetch as much as $190 a share in a sale, a 67 percent premium to its current price.