August 13, 2012 (Chinavestor) Despite a relatively poor performance of Chinese tech stocks, upside looks limited for the sector according to the money flow analysis. Sohu.com (NASDAQ:SOHU), Sina Corp. (NASDAQ:SINA), 51job Inc. (NASDAQ:JOBS) have been all suffering but money flows are missing to support a sustainable comeback. see chart below to asses what institutional investors think of the Chinese tech sector.
August 9, 2012 (Chinavestor) China stock investors may be puzzled that up until today, Youku Inc. (NYSE:YOKU) has had a history of repeated net losses. However, there were signs of slowly declining yearly net losses within the past four years. Although Youku’s has reported net losses each year, there are positive signs. Youku’s net revenue has constantly been increasing with a 111% increase in net revenue compared to the corresponding first quarter in 2011. Similarly, gross profit have started to turn positive and increasing within the last four years.
August, 2012 (Chinavestor) Technical analysts like stocks that trade above their 50-DMA and 200-DMA at the same time. There are thirteen such Chinese stocks on the main board and the NASDAQ. They are in alphabetical order: China Eastern Airlines (NYSE:CEA), CNOOC Ltd. (NYSE:CEO), China XD Plastics (NASDAQ:CHDX), China Mobile (NYSE:CHL), Fushi Copperweld (NASDAQ:FSIN), Huaneng Power Int. (NYSE:HNP), Zhongpin Inc. (NASDAQ:HOGS), KongZhong Corp. (NASDAQ:KONG), Chcina Life Insurance (NYSE:LFC), Mindray Medical (NYSE:MR), Nam Tai Electronics (NYSE:NTE), Spreadtrum Communications (NASDAQ:SPRD), and Yucheng Technologies (NASDAQ:YTEC).
July 31, 2012 (Chinavestor) Over the past three years, KongZhong Corp. (NASDAQ:KONG) has been steadily increasing its annual revenue with its 2011 revenues 21% higher than its 2009 revenues. And given that its first quarter 2012 revenues have reached a new high, 2012 should continue the trend of increasing revenues. While in 2011, revenues had decreased 6% in the later quarters compared to the earlier quarters, KongZhong Corp. (NASDAQ:KONG) picked it up in 2012 with an 12% increase in revenue. KongZhong Corp. (NASDAQ:KONG) has started to adjust to the new market environment and also started focusing on its Internet games and pushing out sales from that. Revenue is on an upward trend.
July 25, 2012 (Chinavestor) Over the past three years, KongZhong Corp. (NASDAQ:KONG) has been steadily increasing its annual revenue with its 2011 revenues 21% higher than its 2009 revenues. And given that its first quarter 2012 revenues have reached a new high, 2012 should continue the trend of increasing revenues. While in 2011, revenues had decreased 6% in the later quarters compared to the earlier quarters, KongZhong Corp. (NASDAQ:KONG) picked it up in 2012 with an 12% increase in revenue. KongZhong Corp. (NASDAQ:KONG) has started to adjust to the new market environment and also started focusing on its Internet games and pushing out sales from that. Revenue is on an upward trend.Net income is another story. Since 2010, KONG’s net income has not been doing as well. Last year, it reported a net loss of $7.65 million, where its net incomes had been over $12 million the previous two years. A major contributor to that was an operating expense, the impairment loss on goodwill, most of which came from the WVAS reporting unit failing in the impairment test, which came out to $20.26 million. There have also been changes in the market environment for WVAS. Mobile providers such as China Mobile (NYSE:CHL) , with whom companies such as KongZhong Corp. (NASDAQ:KONG) depend on for their services, are starting to create services that compete with KONG’s.
