By Henry Wang
Nomura Securities maintains its Buy rating on Yingli Green Energy (NYSE:YGE).
Nomura Securities analysts believe 2009 will be a transitional year for the solar photovoltaic industry. They believe the industry has become a buyer's market, and companies that have scale or cost advantage will benefit from this market condition.
Continue reading "Yingli Green Energy (NYSE:YGE): Maintained Buy at Nomura Securities on Current Market Conditions" »
By Michael Liu
Credit Suisse maitains its Underperform rating on Shanda Interactive Entertainment (NASDAQ:SNDA).
Credit Suisse analysts note the search traffic and click rate of Aion, a new game launched by Shanda, has declined recently. They believe Aion's PCU is currently about 200,000, which was down from the peak of 500,000. The analysts believe Shanda will have to depend on Mir II, Woool, and other new games to meet its guidance for the second quarter of 2009.
Continue reading "Shanda Interactive Entertainment (NASDAQ:SNDA): Maintained Underperform at Credit Suisse on Weakness of Aion" »
By Alan Huang
Citigroup upgrades Sina Corporation (NASDAQ:SINA) from Sell to Hold, and raises target price to $30 from $28.50.
Citigroup analysts have seen strong advertising spending in Real Estate and Automobiles in July. These two industries account for approximately 50% of Sina's total revenue. However, the analysts warn that these positive signs were a result of normal seasonality, and overall advertising spending may not demonstrate the widely-anticipated strong rebound in the second half of 2009. The analysts upgraded Sina primarily because they believe its current price level is reasonable.
Continue reading "Sina Corporation (NASDAQ:SINA): Upgraded to Hold at Citigroup; Price Target $30" »
By Mark Wu
Morgan Stanley reduces their price target on Vimicro International (NASDAQ:VIMC), and maintains an Equal-weight rating.
Morgan Stanley analysts believe the demand for PC has shown initial signs of stabilization, but they remain concerned about Vimicro's business outlook because of its unfavorable cost structure and lack of sale of economies. They expect Vimicro to continue reporting negative earnings until 2011.
Continue reading "Vimicro International (NASDAQ:VIMC): Price Target Reduced at Morgan Stanley; Continued Losses Expected Until 2011 " »
By Henry Wang
ThinkEquity downgrades Yingli Green Energy (NYSE:YGE) from Buy to Accumulate, and cut their price target from $15 to $12.
Think Equity analysts consider Yingli's recent financing activities to be dilutive to earnings. These activities included issuance of 18.6 million new shares, selling $29.3 million convertible note, and the opening of a 2-year credit facility of $100 million.
Continue reading "Yingli Green Enery (NYSE:YGE): Downgraded by ThinkEquity; Recent Financing Dilutive to Earnings" »
By Michael Liu
Citigroup raises its target price on New Oriental Education (NYSE:EDU) from $62 to $75, and maintains a Buy rating.
Citigroup analysts expect New Oriental to report solid results for 4Q on July 21. They note every year the quarter ended August accounts for 40% of the company's revenues and 70% of profits. New Oriental's enrollments are tracking well this summer, according to checks conducted by the analysts.
Continue reading "New Oriental Education (NYSE:EDU): Target Price Raised at Citigroup; Solid Quarterly Results Expected" »
