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The analyst says that the rating lift is based on Sina to benefit from the reviving property market and rising marketing budgets from automakers.
"Our product line research shows that China's housing market has been warming since January," and Sina, whose housing portal leads industry, is sure to benefit, notes the analyst.
Meanwhile, Chinese government announced this week to provide four billion subsidies to promote "old for new" vehicle program, very likely to pump automakers' marketing budgets into internet, the expert says.
Sina's share price rose US2.37 dollar to 32.37 dollar, up 7.90 percent on Thursday. In the past 52 weeks, the price topped US47.86 dollar and bottomed at 17.89 dollar.
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