SouFun Holdings Ltd (SFUN) is Downgraded by CLSA to Sell

SouFun Holdings Ltd (SFUN) was Downgraded by CLSA to ” Sell”. Earlier the firm had a rating of “Underperform ” on the company shares. CLSA advised their investors in a research report released on Aug 26, 2016.

Many Wall Street Analysts have commented on SouFun Holdings Ltd. SouFun Holdings Ltd was Initiated by Brean Capital to “Hold” on Jun 7, 2016.

On the company’s financial health, SouFun Holdings Ltd reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 25, 2016. Analyst had a consensus of $-0.11. The company had revenue of $286.98 million for the quarter, compared to analysts expectations of $267.81 million. The company’s revenue was up 34.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

SouFun Holdings Ltd opened for trading at $4.51 and hit $4.61 on the upside on Tuesday, eventually ending the session at $4.59, with a gain of 1.77% or 0.08 points. The heightened volatility saw the trading volume jump to 27,22,181 shares. Company has a market cap of $2,182 M.

SouFun Holdings Limited operates as a real estate Internet portal in China. The Company also operates home furnishing and improvement Websites. Its Websites and mobile applications support online communities and networks of users seeking information on and services for the real estate and home-related sectors in China. The Company’s Website contains contents covering more than 350 cities across China as well as Hong Kong Taiwan Singapore and Vancouver Canada. This Website also contains links to other specialized real estate and home furnishing and improvement Websites including its Website its e-commerce transaction and payment platform and Website its financing platform. The Company’s service offerings include marketing services e-commerce services listing services and other value-added services.

SouFun Holdings Ltd

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SouFun Holdings Ltd - Is it time to Sell?

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