Goldman Sachs Raised Vip.Com's Stock Rating By 8.19%

P, Goldman Sachs, issued an investor report on Sunday to raise the stock rating of vip.com (NYSE securities code: VIPS) from "neutral" to "buy" and maintain the company's target price of 185 US dollars. Goldman's reasons are vip.com's valuation and growth prospects. < /p >
Driven by this, vip.com shares rose $11.30 on Monday in the NYSE regular trading, or 8.19%, at $149.30. This year, vip.com's stock price has risen to 78%. Since its initial public offering in the US stock exchange in March 2012, vip.com's stock price has risen 23 times. < /p >
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In 2016, Goldman Sachs analysts said in an investor report released on Sunday that vip.com's share of the Chinese apparel market will reach 1% this year, and that it will rise to 1.5% by the year of P, which will translate into revenue equivalent to $6 billion. < /p >
P, Goldman Sachs, points out that the credibility of vip.com's China discount retailing industry will enable the company to introduce more global brands, so it will create a virtuous circle and attract more consumers. Goldman Sachs also predicts that vip.com will enter the mother infant product market in the future. < /p >
< p > vip.com's previous earnings report showed that the company's net revenue in 2013 was $1 billion 700 million, an increase of 145.1% over the same period last year, mainly due to the increased number of active users and total orders. < /p >
< p > vip.com's net profit in 2013 was $52 million 300 thousand, compared with a net loss of $9 million 500 thousand in the same period last year. Vip.com's net interest rate in 2013 was 3.1%, compared with 1.4% in the same period last year. Vip.com's diluted earnings per US depositary receipts in 2013 amounted to $0.91, and the diluted loss per US depositary receipts in the same period last year was $0.21. < /p >
< p > vip.com also expects the company's net revenue in the first quarter of 2014 to be US $640 million to US $650 million, an increase of about 106% to 109% over the same period last year, which is higher than the 544 million US dollars expected by market analysts. < /p >