Haitong International: First to give Weibo-SW (09898.HK) "outperform the market" rating, social media platform's unique position remains unchanged.

According to the Securities Times app, Haitong International released a research report stating that it is initiating coverage on Weibo-SW (09898.HK) with an "Outperform" rating and a target price of 107 Hong Kong dollars per share. The main consideration is that Weibo's user base and user activity have stabilized, the platform has entered a steady growth phase, and its growth rate is becoming stable compared to other comparable internet companies.