THREE CHINA INTERNET STOCKS RATED "OUTPERFORM" BY GOLDMAN SACHS
Goldman Sachs' analysts cover 11 China Internet stocks, only three of which are rated positively (Outperform) right now: real estate website Soufun (SFUN) with a $25 price target, online game operators Giant Interactive Group (GA) ($8.80 price target) and Perfect World (PWRD) ($5.23 price target.)
DAILY RESEARCH RECAP
AirMedia Group (AMCN): Morgan Stanley says AMCN 1Q outlook is "soft," but company on track for profit upswing in second half of 2012.
China Eastern Airlines (CEA): Citigroup says CEA's February operating data "pointed to weakened demand."
China Mobile Ltd. (CHL): Mirae Asset Securities says CHL facing intensifying competition but nearing "end of tunnel."
HiSoft Technology International (HSFT): BMO upgrades HSFT to Outperform after meeting with HSFT CEO in NYC, says HSFT is "out of the penalty box."
Renren Inc. (RENN): Macquarie says "challenges persist" for RENN.
ShangPharma Corp (SHP): Oppenheimer & Co. says SHP's growth outlook is unchanged, but near-term margins are under pressure.
Suntech Power Holdings (STP): Nomura says STP needs faster cost reductions.
7 Days Group Holdings Limited (SVN): William Blair says SVN's 4Q results and 2012 outlook are "solid." Citigroup says SVN's 2012 growth outlook is "healthy."
WuXi PharmaTech (WX): Piper Jaffray says WX 4Q results "decent," 2012 revenue guidance "healthy," reiterates Overweight rating.
Youku Inc. (YOKU): Piper Jaffray says $YOKU acquring $TUDO removes a major competitor in content acquisition, "is the right move" to "reach meaningful profitability."
China Southern Airlines Limited (ZNH): RBS says ZNH "still a good way to play domestic travel."