QUOTE AND NEWS
Reuters  Apr 3  Comment 
COFCO Corp has agreed to pay $1.5 billion for a majority stake in Noble Group Ltd's agribusiness, its second acquisition in less than two months, as China's largest...
Reuters  Apr 2  Comment 
COFCO Corp. has agreed to pay $1.5 billion for a majority stake in Noble Group Ltd's agribusiness, its second acquisition in less than two months, as China's...
Reuters  Mar 18  Comment 
Asia's top oil refiner Sinopec Corp , owner of thousands of convenience stores across China, will set up a company to manage its retail assets as part of efforts to boost non-fuel sales at its petrol stations.     
Reuters  Mar 14  Comment 
A Temasek-led shareholders group has offered to pay $2.1 billion in cash for shares in Olam International Ltd they don't already own, putting the heft of the Singaporean state investor behind the commodity trading firm's weak balance sheet.
Reuters  Mar 4  Comment 
China's biggest grains trader COFCO Corp is in talks to buy Noble Group Ltd's agribusiness arm in a deal that would value the division at around $1 billion, people...
Reuters  Feb 26  Comment 
Private equity firm Carlyle Group has entered into exclusive talks to buy Tyco International Inc's South Korean security systems unit, a business valued at around $2...
SeekingAlpha  Feb 25  Comment 
KongZhong Corporation (KONG) Q4 2013 Earnings Conference Call February 25, 2014 7:30 PM ET Executives Jay Chang – CFO Leilei Wang – Chairman and CEO Analysts Nick Ning – 86Research Vivian Mau – Woodberry...
StreetInsider.com  Feb 24  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/KongZhong+Corp.+%28KONG%29+Tops+Q4+EPS+by+4c%3B+Guides+Q1+Revs/9208772.html for the full story.
StreetInsider.com  Jan 31  Comment 
* Zynga (Nasdaq: ZNGA) announced an agreement to acquire privately-held NaturalMotion, a leading mobile game and technology developer for approximately $527 million in cash and equity, based on Zynga's closing price on January 29, 2014....
Reuters  Jan 21  Comment 
A story Oriental Brewery boss Chang In-soo often tells about his days as a soju salesman is how he and two clients once worked through 29 bottles of the...




 
TOP CONTRIBUTORS

Kongzhong Corporation (Kongzhong) is one of the leading providers of wireless value-added services in China. The company provides most of its services through 2.5G technology platforms, including wireless access protocol (WAP), multimedia messaging service (MMS), and Java, which offer higher quality graphics, richer content and interactivity compared to 2G wireless services. Kongzhong also offers a range of data and voice services through 2G technology platforms, including short messaging service (SMS), interactive voice response (IVR) and color ring back tone (CRBT). It delivers its services that users can access directly from their mobile phones, including by choosing an icon embedded in select models of handsets, or from a mobile operator's portal or web site. In 2006, revenue from 2.5G and 2G each accounted for 49% and 51% of the total revenue of the company. In 2006, its top three products, SMS, WAP, and MMS business each contributed 41%, 25%, and 22%, respectively, of the company's revenue.

Kongzhong's third quarter results were in line with market expectations. Revenue stopped declining sequentially for the first time in the past five quarters. The Chinese wireless value-added services market has seen increasingly intense competition, and the policy changes from Chinese telecom operators and regulation changes from Chinese government have great effect on Kongzhong's business. Although we are not optimistic about its prospects in the near term due to the tough WVAS operating environment, the company still has enough cash to look for another source of revenue growth in the future. The low P/B ratio of the stock can provide some support for its stock price. Therefore, we are maintaining our Hold recommendation for the stock.




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