Dick Wei

Having declined steadily for a month, Changyou.Com Ltd (ADR) (NASDAQ: CYOU) shares have lost 29 percent since January 5. Credit Suisse’s Dick Wei downgraded the rating for the company to Neutral, while reducing the price target from $25 to $17. Wei expressed concern regarding...

Chinese Internet investors will benefit from mergers, mobile advertising and the newly minted banking licenses, an analyst said Wednesday. Credit Suisse's Dick Wei generally likes the look of about 30 companies in the sector, but said instead of thematic investment, stock selection will...

Credit Suisse commented on Alibaba Group Holding Ltd (NYSE: BABA) after the company’s Chief Strategy Officer, Mr. Ming Zeng, presented at the firm’s 18th annual Technology Conference. According to analyst Dick Wei, “Mr. Zeng highlighted benefits of the C2B model. Demand is...

Credit Suisse maintained its Outperform rating on Alibaba Group Holding Ltd (NYSE: BABA) Wednesday and raised its price target from $114 to $118. The revision comes after the company beat earnings expectations on Tuesday. Analyst Dick Wei noted that he liked that “(1) China GMV...

In a note date June 10, Credit Suisse analyst Dick Wei initiated coverage on Weibo (NASDAQ: WB) with an Outperform rating and announced a $23 price target. With 144 million monthly-average users, Weibo is China's leading micro-blogging platform. The company's main source of revenue is its marketing...

In a report published Wednesday, Credit Suisse analyst Dick Wei initiated coverage on Sungy Mobile (NASDAQ: GOMO) with an Outperform rating and $23.00 price target. In the report, Credit Suisse noted, “Unique traffic owner in global mobile internet. We initiate GOMO with an OUTPERFORM rating and a...

In a report published Friday, Credit Suisse analyst Dick Wei initiated coverage on SouFun (NYSE: SFUN) with an Outperform rating and $87.00 price target. In the report, Credit Suisse noted, “We initiate coverage of SouFun with an OUTPERFORM rating and target price of US$87, implying a potential...

In a report published Wednesday, Credit Suisse analyst Dick Wei upgraded the rating on SINA Corporation (NASDAQ: SINA) from Neutral to Outperform, and raised the price target from $81.00 to $92.00. In the report, Credit Suisse noted, “Sina reported 3Q13 net revenue of US$179.9 mn, up 17.8% QoQ and...

In a report published Thursday, Credit Suisse analyst Dick Wei initiated coverage of Sohu.com (NASDAQ: SOHU) with an Outperform rating and PT of $98. Credit Suisse noted that the current valuation of $2.7B is low, as SOTP valuation reports $351M for the portal sector, $300M for video business, $1....

In a report published Thursday, Credit Suisse analyst Dick Wei initiated coverage of Baidu Inc (NASDAQ: BIDU) with an Outperform rating and PT of $180. Wei noted BIDU's fast accumulation of mobile traffic, mobile search and app distribution gateway acquisitions, and the strong pull on the company'...

In a report published Thursday, Credit Suisse analyst Dick Wei initiated coverage of Sina Corporation (NASDAQ: SINA) with a Neutral rating and SOTP- based PT of $81. Credit Suisse noted that Sina and Sina Weibo should maintain its media influence in China, “particularly given Tencent has shifted...