<div id="readability-page-1"><div>Nomura said in a report that WB-SW (09898.HK) +2.100 (+3.535%) Short selling $7.55M; Ratio 24.869% recorded 1Q revenue of USD421 million, up 6% YoY in USD terms, in line with market and the brokers expectations. Non-GAAP operating profit fell 7% YoY to USD120 million, with operating margin declining 4.2 ppts YoY to 28.4%. The operating margin was 3.5 ppts above market expectations, mainly benefiting from a significant reduction in general and administrative expenses due to bad debt recoveries.The broker lowered its FY2026 and FY2027 EPS forecasts by 16% and 11%, respectively. This reflects a weaker retail environment, with revenue forecasts for FY2026 and FY2027 each cut by 5%, as well as higher operating expenses driven by AI-related investments. Nomura maintained its Neutral rating on Weibo Corporation (WB.US) and reduced its TP from USD9.7 to USD8.1. The broker said it prefers Alibaba Group Holding Limited (BABA.US) , citing its stronger fundamentals and more competitive position in Chinas AI sector. (ha/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)</div></div>

09898

Nomura cut Weibo Corporation's target price to USD8.1 from USD9.7, maintaining a Neutral rating. The broker lowered FY2026 and FY2027 EPS forecasts by 16% and 11%, respectively, citing a weaker retail environment and higher AI-related operating expenses. Despite Q1 revenue beating expectations due to reduced administrative costs, Nomura prefers Alibaba Group for its stronger fundamentals and competitive position in China's AI sector.

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Nomura Cuts Weibo Corporation  TP to USD8.1, Maintains Neutral