Shares of Chinese dating app Momo Inc. In a statement, Momo said it is communicating with the authorities and "will fully cooperate to get Tantan restored to the markets as soon as possible. Analysts at Jefferies in a note to clients said the suspension isn't unusual in China. The research firm noted that such suspensions typically last between two weeks and a month. Real Money.
Calendar could have a completely different narrative for JD stock.
Momo Shares Slide as Chinese Government Swipes Left on Dating App
Moreover, management has reiterated that was a big investment year. That is the sort of transition that could cause a big pop in JD stock.
That is especially true considering the stock trades at under 0. These two major concerns kept BABA stock depressed in That could all change in Internet penetration rates are still well below the developed national average, while per capita expenditures are also well below the developed nation average.
Thus, this growth narrative has runway.
This realization will push BABA stock steadily higher throughout Such concerns are unnecessarily short-sighted and lack scope. Granted, Google is a global search giant excluding Chinawhile Baidu exclusively serves China.
As those numbers head higher toward the developed economy average, Chinese consumers will want and need to travel more. Travel demand will go up. Margins will trend higher with more complex travel packages.
Feb 13, Online dating is also gaining traction overseas, most notably in China, where revenue is estimated to total $ billion for the year by the end of Investors are interested in the market's. Nov 05, It reported million paying users for its Tantan social and dating app. Momo broke with most China stocks and sold off hard in May, after the company shut down its . Jul 28, Unlike other dating stocks, the company has broadly balanced financials. It has a debt-free balance sheet, one of the best profitability margins in the industry and an attractive fireemblemheroestips.com: Josh Enomoto.
And CTRP stock will eventually hit new highs. All this stock needs is a turning point. As such, if there were ever a time to call a bottom in CTRP stock, that time is now.
Premium Services Newsletters. Sign out. About Us Our Analysts. Much like the CLI, consecutive months of improvement in the CCI have historically signaled a turning point in economic trend for China. The U.
Dollar has significantly weakened against the Chinese Yuan inafter strengthening throughout all of Out-sized U. Dollar strength diluted the value of China stocks in Reversion to a normal dollar should enhance the value of these stocks in The latest buzz in the market is that U.
Forget Match Group: Momo Is a Better Online Dating Stock Tinder makes Match Group a hot swipe, but don't snooze on China's faster growing dot-com that's now selling for a single-digit year-ahead.
If so, that will reinvigorate consumer confidence and economic activity in China, and provide a boost for Chinese stocks. Compare Brokers.
They are all backward looking. GDP growth is a snapshot of economic activity in Retail sales growth is a snapshot of consumer strength in late The Apple and Intel warnings are about what happened in late May 24, This Online Dating Stock Is A 'Buy' Publisher. Street Authority. Published. May 24, AM EDT. 10 Cheap Stocks to Buy Under $10 Apr 27, ; 3 "Strong Buy. Apr 29, Shares of Chinese dating app Momo Inc. - Get Report, also known as "China's Tinder," plunged Monday after the company announced that some Chinese app .
Source: Shutterstock. More from InvestorPlace. And it's not just soulmate-seekers getting hooked up in cyberspace. Investors in some of the leading players in online dating are also scoring.
Beyond Tinder and its namesake Match. Match Group is growing quickly and it's profitable, but there's another online dating specialist that's growing even faster and trading for less than half of Match Group's earnings multiple.
Match Group has earned its stripes. Momo is growing its top line even faster.
The Hottest New China Stock By Adam Khoo
The Chinese dot-com got its start as an online dating site but is now gaining traction for its social video hub, which appeals to singles and non-singles alike. Momo will report its third-quarter financials next week.
Oct 17, Five fireemblemheroestips.com contributors who follow technology stocks in China share ideas for long-term investors who are interested in the momentum of internet and Author: Moneyshow. Mar 20, Shares of Momo (NASDAQ:MOMO), the biggest online dating company in China, tumbled over the past three months as the novel coronavirus crisis . "Roughly half of internet users are single, and we estimate 20of them will be willing to use online dating products by (up from 15in ), which equates to million people globally.
Guidance tripped Match Group up earlier this month. If Match Group lands at the low end of its top-line range, we'd be looking at its first sequential dip after 10 quarters of upticks.
China dating stocks
We'll have to wait and see if Momo also offers uninspiring guidance when it reports next Wednesday, but it's fair to say that Momo and its country-specific platform will have a different outlook from Match Group and its global angle.
In terms of momentum, it's worth noting that Momo has blasted through Wall Street's earnings projections in each of the past six quarters, double Match Group's current winning streak. Match Group and Momo have a pulse on what singles are seeking, and the growing popularity at Tinder and Momo find both companies cashing in on premium subscriptions.
Success at both companies has translated into healthy profitability, but the valuations aren't the same.
Match Group is now fetching 26 times this year's projected earnings and 23 times next year's multiple, a reasonable valuation for the undisputed market leader.