On June 9, Baidu Inc (ADR) (NASDAQ:BIDU), the world’s leading Chinese search engine and developer of award-winning PC, Web and mobile products, has announced that it has joined top software security experts in the Microsoft Active Protections Program (MAPP) to enhance its PC product Baidu Antivirus’s capability to anticipate emerging threats and rapidly push out critical solutions to users. Baidu Inc (ADR) (NASDAQ:BIDU) net profit margin is 30.60% and weekly performance is 8.04%. On last trading day company shares ended up $176.51. Analysts mean target price for the company is $1308.00. Baidu Inc (ADR) (NASDAQ:BIDU) distance from 50-day simple moving average (SMA50) is 10.98%.
SINA Corp. (NASDAQ:SINA)’s shares gained 0.26% to $45.43. The company on May 21 announced its unaudited financial results for the first quarter ended March 31, 2014. For the first quarter of 2014, SINA reported net revenues of $171.5 million, compared to $126.0 million for the same period last year. Non-GAAP net revenues for the first quarter of 2014 totaled $167.3 million, compared to $121.3 million for the same period last year. Net loss for the first quarter of 2014 was $33.2 million, compared to $13.2 million for the same period last year. SINA Corp (NASDAQ:SINA) shares advanced 2.27% in last trading session and ended the day on $46.34. Gross Margin is 60.90% and its return on assets is 1.00%. SINA Corp (NASDAQ:SINA) quarterly performance is -32.77%.
On June 2, China Telecom Corporation Limited (ADR) (NYSE:CHA) boosted its annual dividend 11.8% to $1.22 a share for a 2.42% yield. The telecommunications giant announced Thursday it was again voted by institutional investors and analysts as “Overall Best Managed Company in Asia” inFinanceAsia’s 14th annual poll of Asia’s top-performing companies. The Beijing, China Company now holds the title for four consecutive years. China Telecom Corporation Limited (ADR) (NYSE:CHA) shares moved down -0.86% in last trading session and was closed at $49.58, while trading in range of $49.50 – $49.95. China Telecom Corporation Limited (ADR) (NYSE:CHA) year to date (YTD) performance is 0.47%.
O June 10, Shares of AOL Inc (NYSE:AOL) were the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 8,089,844 shares, a growth of 53.2% from the April 30th total of 5,281,020 shares, American Banking Newsreports. Approximately 10.4% of the company’s shares are short sold. Based on an average trading volume of 2,964,817 shares, the days-to-cover ratio is currently 2.7 days. AOL, Inc. (NYSE:AOL) ended the last trading day at $37.11. Company weekly volatility is calculated as 2.59% and price to cash ratio as 24.02. AOL, Inc. (NYSE:AOL) showed a positive weekly performance of 1.67%.
This year, at the 61st annual Cannes Lions International Festival, Publicis Groupe’s seminar will bring together SY Lau, President of Online Media Group of Tencent and Senior Executive VP of Tencent Holdings Ltd (OTCMKTS:TCTZD), and Maurice Levy, Chairman and CEO of Publicis Groupe. The seminar will take place June 20, 2014 at 2:15 PM in the Grand Auditorium at the Palais des Festivals. Tencent Holdings Ltd (OTCMKTS:TCTZD) On last trading day company shares ended up $14.90 .