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Shanda Earnings Reports: Last Piece In Chinese Gamers Profit Puzzle

Shanda Earnings Reports: Last Piece In Chinese Gamers Profit Puzzle

May 27, 2010 (Chinavestor) Earnings season hasn't brought much in the way of clarity for investors in Chinese online gaming firms with Netease.com (Nasdaq:NTES), the most profitable online gaming firm in China disappointing investors, worse numbers from Giant Interactive (NYSE:GA) and somewhat encouraging numbers from Perfect World (Nasdaq:PWRD).

Next week, the puzzle will be completed with Shanda Interactive (Nasdaq:SNDA) and spinoff Shanda Games (Nasdaq:GAME) due to report earnings on June 1 at 10:30 PM.

Shanda Games (Nasdaq:GAME) is a pure play on China's burgeoning online gaming market, which may have as many as 70 million current users. The company now accounts for 80% of Shanda Interactive's (Nasdaq:SNDA) profits, so saying these gaming firms are linked at the hip is somewhat of an understatement.

Analysts expect Shanda Interactive (Nasdaq:SNDA) to earn 65 cents on revenue of $201.74 million. The forecast for Shanda Games (Nasdaq:GAME) is a profit of 17 cents on sales of $171.55 million.

Disappointments from both firms along the same lines as those delivered by Netease.com (Nasdaq:NTES) and Giant Interactive (NYSE:GA) would almost certainly punish both Shandas and the sector at large.

Related story: Netease.com Q1 profit hurt on lower margins.


Giant Interactive: Another Glum Report From China's Gaming Sector


Perfect World tumbles on growth concerns

Shanda Games (Nasdaq:GAME) and Shanda Interactive (Nasdaq:SNDA) will probably need to handily beat estimates and offer strong full-year guidance to have investors feeling good about the sector again.

 

PetroChina Says Fuel Surplus Possible In China

PetroChina Says Fuel Surplus Possible In China

May 27, 2010 (Chinavestor)  PetroChina (NYSE:PTR), China's largest oil company, said a fuel surplus is possible in China next year as the country brings more new refineries online. The supply overhang could rise to 80 million metric tons of fuel resources by 2015, PetroChina (NYSE:PTR) said.

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China Evaluates European Debt Holdings

China Evaluates European Debt Holdings

May 27, 2010 (Chinavestor) China is reviewing its holdings of Eurozone-issued debt as the region struggles with a plunging Euro and a sovereign debt crisis that threatens to hinder the global economic recovery. China's State Administration of Foreign Exchange has been meeting with bankers to discuss China's exposure to European debt, according to the Financial Times.

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Morgan Stanley Likes Chinese Equities

Morgan Stanley Likes Chinese Equities

May 27, 2010 (Chinavestor) Morgan Stanley (NYSE:MS) says Chinese stocks look ripe for buying as Beijing is not likely to take stronger measures to cool economic growth as the European sovereign debt crisis has pressured global equity markets.

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China ADR Wrap May 26, 2010

China ADR Wrap May 26, 2010

May 26, 2010 (Chinavestor) If investors needed more evidence that the markets are looking for a direction, consider this: Wednesday was a complete reversal of Tuesday. The DJIA started out low  a day before and made a significant comeback by the end of the day. Today, it was just the opposite: a strong market day turned into a loss by the end of the day.

The same was true for Chinese stocks. The Hang Seng Index and the Shanghai Composite Index fell on Tuesday but both indices advanced the next day. 

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