QUOTE AND NEWS
Reuters  Jul 13  Comment 
Financiers may grumble that the United States is acting like an imperial power in punishing foreign banks for dealings far beyond U.S. territory, but in the end they are more likely to bow to Washington than kick against its dollar muscle.
Reuters  Jun 8  Comment 
When Jack Ma and his colleagues sat down in 2001 to lay out Alibaba's defining values, they named them after a martial arts technique drawn from Ma's love of kung fu novels and their heroic themes.
Reuters  Jun 5  Comment 
Global trading houses and banks are scrambling to check on their exposure to a probe into metal financing at China's Qingdao port, as concern grows that a crackdown on commodity financing could hit trade in the world's top metal buyer.
SeekingAlpha  May 29  Comment 
KongZhong Corporation (KONG) Q1 2014 Results Earnings Conference Call May 28, 2014 7:30 p.m. ET Executives Jay Chang – CFO Leilei Wang – Chairman and CEO Analysts Nick Ning - 86Research Presentation Operator ...
Reuters  May 14  Comment 
The days when Australian mining magnates could dictate terms to Chinese buyers are over.
Reuters  Apr 26  Comment 
Most of the thousands of shoe factory workers who staged one of China's biggest strikes over the past two weeks have returned to work after the company agreed to some of their core demands.
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.




 
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.




References

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki