SouFun Holdings Ltd (SFUN) is Resumed by Nomura to Reduce

SouFun Holdings Ltd (SFUN) was Resumed by Nomura to “Reduce”. Nomura advised their investors in a research report released on Nov 28, 2016.

Many Wall Street Analysts have commented on SouFun Holdings Ltd. SouFun Holdings Ltd was Resumed by JP Morgan to “Neutral” on Aug 31, 2016.

On the company’s financial health, SouFun Holdings Ltd reported $-0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Nov 28, 2016. Analyst had a consensus of $-0.07. The company had revenue of $250.10 million for the quarter, compared to analysts expectations of $297.85 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.

SouFun Holdings Ltd opened for trading at $3.26 and hit $3.52 on the upside on Friday, eventually ending the session at $3.43, with a gain of 7.52% or 0.24 points. The heightened volatility saw the trading volume jump to 52,58,420 shares. Company has a market cap of $1,609 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 www.fang.com 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 www.jiatx.com Website its e-commerce transaction and payment platform and its.txdai.com 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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