QUOTE AND NEWS
Reuters  Oct 27  Comment 
(story refiles to make clear RS Investments manages $22.3 billion)
Reuters  Oct 23  Comment 
Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favor as they increasingly lag behind the country's top five lenders.
SeekingAlpha  Oct 21  Comment 
By China Stock Research: KongZhong (KZ, profile) recently announced a special one-time dividend to common shareholders, and the initial market reaction was quite strong, with the stock gapping up about 8% after the announcement. Although finance...
SeekingAlpha  Sep 21  Comment 
By China Stock Research: KongZhong (KZ, detailed company profile here) is an online game operator in China that has been off investors' radar, but deserves a closer look. The stock has been trading away from the business fundamentals, and taking a...
TheStreet.com  Sep 11  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. aTheStreet Ratings quantitative algorithm...
SeekingAlpha  Aug 31  Comment 
By China Stock Research: Originally published on Thursday, 28 August 2014. KongZhong (KZ, profile) released Q2 FY2014 results which included net revenue of 57.4 million USD and net income of 0.07 million USD. On balance, Q2 results were...
DailyFinance  Aug 1  Comment 
International Young Female Lifestyle Media Brand Fully Digitized in Hong KongHONG KONG, CHINA -- (Marketwired) -- 08/01/14 -- SCMP Group Ltd (HKSE: 583), Asia's leading media holding company, announced today that CosmoGIRL! will go fully digital...
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.




 
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

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