Phoenix New Media Comes Back to Earth 凤凰“落地”
After soaring 34 percent on its trading debut late last week (English article), Phoenix New Media (NYSE: FENG) has come gliding back to earth somewhat, as first-day investors piled out of the stock to lock in some of the big gains for one of China’s more interesting new media plays to go public in a while. Phoenix stock is still 12 percent ahead of its IPO price, which isn’t too bad considering the broader market’s performance these last few days and the much worse performance of recently listed Chinese new media plays Renren (NYSE: RENN) and Jiayuan (Nasdaq: DATE). (previous post) Anyone who has read this blog for a while knows I’m a fan of Phoenix, due to its strong position in the new media space and strong links to the traditional China media establishment through its well-connected parent, Phoenix Satellite Broadcast (HKEx: 2008), which is more focused on TV. Once the short-term buyers are finished with this stock, which appears to be soon, I’d look for good things from both Phoenix New Media shares and the company as a whole as it banks on its unique position to spread its wings and enter into some of the other spaces that make China one of the world’s most interesting and fastest growing new media markets.
Bottom line: Phoenix New Media’s post IPO share drop looks like some quick profit taking, but look for strong performance from this company going forward.
凤凰新媒体<FENG.N>上周上市首日，股价飙涨34%，但如今已回落，因首日买入的投资者纷纷抛售，进行获利了结。凤凰新媒体股价目前仍较招股价高出12%，结合过去几日大盘走势看，这样的成绩已经相当不错了，比近期上市的中国人人网<RENN.N>和世纪佳缘<DATE.O>好多了。看我博客有一阵子的人都知道，我是凤凰新媒体的粉丝，因为它在新媒体领域颇为突出，并且借助其母公司凤凰卫视<2008.HK>与中国传统媒体建立了密切联系。我认为短线投资者很快淡出後，凤凰新媒体股价及其公司本身都将有不错表现，因其可凭借独特地位，展翅进军更宽广的领域。
一句话：凤凰新媒体股价回落，看来是获利了结使然，但预计其未来将有不俗表现。
Related postings 相关文章:
◙ No Marital Bliss for Jiayuan as IPO Fever Cools 互联网IPO热潮冷却 世纪佳缘美梦破灭
◙ Phoenix Media Sets Eyes on US Investors 凤凰新媒体寻求美国上市
◙ Phoenix Wings Getting Clipped?
