Sina.com (SINA) is China’s largest internet portal with over 200 million registered users across not only China but Taiwan, Hong Kong, North America.  The company continues to post outstanding growth each quarter despite a slumping global economy and beginning to tap into the trend of user generated content with the launch of SINA Blog and SINA Podcasting.  Considering that collectively, Chinese internet users spend more than 10x the amount of time online as US users do, that’s a whole lot of user generated content and potential ad revenue.

What stands out to me in terms of its financials is the fact the company has been posting accelerating quarter over quarter revenue growth over the past two years.  Ok, well not quite .. in the last quarter the company reported revenue growth of 44% vs the previous quarter growth of 64% so the streak has stopped, but still mighty  impressive growth.  Quarter over quarter earnings growth is equally as impressive over the past 8 quarters with growth of 19%, 29%, 28%, 31%, 74%, 59%, 38% and 44%.  The company will report its 1Q 2009 results within the next couple weeks.

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Technically, the stock continues to work higher off a new base formation, somewhat catapulted by all the Microsoft buyout rumors, but the fundamentals are clearly driving  this stock higher.  The stock cleared a one year downtrend a few weeks ago and today cleared  the first consolidation above both major moving averages (the 50 and 200 dma) with good volume.  It offered an entry around 29 today, but is a bit extended.  I’m looking to get in on a pull back to 30 or lower.  My exit point is a drop below the 200 day moving average.