On May 27, SouFun Holdings Ltd (NYSE:SFUN), the China based leading real estate internet portal, announced its first quarter’s financial balance sheet on May 7, 2014. The unaudited economic report for the quarter ended on March 31, 2014. However, it should be stated that the company’s first quarter revenue leaped significantly. SouFun Holdings Ltd (NYSE:SFUN) in the quarterly announcement said that the total revenue earned by the company is 33.2 % more than that was earned a year back. The 2014′s total revenue for the company is $121.2 million, which is driven by the growth in the marketing and listing services. SouFun Holdings Ltd (NYSE:SFUN) net profit margin is 46.80% and weekly performance is 18.44%. On last trading day company shares ended up $13.36. Analysts mean target price for the company is $17.54. SouFun Holdings Ltd (NYSE:SFUN) distance from 50-day simple moving average (SMA50) is 2.14%.
On May 2, 2014, Remark Media, Inc. (NASDAQ:MARK) entered into an Agreement and Plan of Merger, dated as of May 2, 2014 (the “Merger Agreement”), with Roomlia, Inc., a wholly-owned subsidiary of the Company (“Merger Sub”), and Hotelmobi Inc. (“Hotelmobi”), a company engaged in the business of developing, owning and operating mobile hotel booking applications. Pursuant to the Merger Agreement, Hotelmobi merged with and into Merger Sub, with Merger Sub surviving as a wholly-owned subsidiary of the Company (the “Merger”). As consideration for the Merger, the outstanding shares of Hotelmobi common stock were converted into the right to receive an aggregate of (i) 400,000 shares of the Company’s common stock (“Common Stock”), (ii) 100,000 shares of Common Stock to be issued on the one year anniversary of the closing of the Merger, provided that the recipient is employed by the Company on such date or was terminated by the Company for any reason, (iii) warrants to purchase 500,000 shares of Common Stock at an exercise price of $8.00 per share and (iv) warrants to purchase 500,000 shares of Common Stock at an exercise price of $12.00 per share. Remark Media Inc (NASDAQ:MARK) shares advanced 3.47% in last trading session and ended the day on $6.27. Its return on assets is -92.10%. Remark Media Inc (NASDAQ:MARK) quarterly performance is 8.48%.
On May 27, Rediff.com India Limited (ADR) (NASDAQ:REDF) one of the premier worldwide online providers of news, information, communication, entertainment, mobile and shopping services, will release its results for the Fourth Quarter Ended March 31, 2014 at 8:30 am ET (5:30 am Pacific Time / 6:00 pm India Time) on Tuesday, June 3, 2014. Rediff.com India Limited (ADR) (NASDAQ:REDF) shares moved down -4.27% in last trading session and was closed at $2.61, while trading in range of $2.58 – $2.82. Rediff.com India Limited (ADR) (NASDAQ:REDF) year to date (YTD) performance is 12.50%.
On May 19, ChinaCache Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) slumped -17.11% after the company announced its first quarter earnings results. Company’s quarterly revenue increased 40.4% year over year to $52.1 million, exceeding the top end of ChinaCache’s previous guidance by 5.2%. This also helped ChinaCache swing from a loss this time last year to adjusted net income of $0.4 million, or $0.02 per American depositary share. However, analysts on average expected significantly higher adjusted earnings of $0.05 per share on lower sales of $45.8 million. ChinaCache Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) ended the last trading day at $15.23. Company weekly volatility is calculated as 7.77% and price to cash ratio as 6.65. ChinaCache Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) showed a positive weekly performance of 22.13%.
On May 9, Canaccord Genuity analyst Michael Graham reiterated a Buy rating and $40 price target on GrubHub Inc. (NYSE: GRUB) following Q1 results. GrubHub Inc (NYSE:GRUB) net profit margin is 3.20% and weekly performance is 11.43%. On last trading day company shares ended up $33.43. Analysts mean target price for the company is $39.25. GrubHub Inc (NYSE:GRUB) distance from 50-day simple moving average (SMA50) is 2.83%.