Archive for May, 2010

VisionChina Media Inc. Q1 2010 Earnings Call Transcript

Tuesday, May 11th, 2010

VisionChina Media Inc. (VISN)
Q1 2010 Earnings Call
May 10, 2010 8:00 pm ET
Complete Story »

General Steel Holdings: Waiting to Profit From China’s Building Boom

Tuesday, May 11th, 2010

Wall Street Cheat Sheet submits:
General Steel Holdings Inc (GSI) reported earnings of $0.11 per share for the first quarter of 2010 compared to earnings of $0.20 for the first quarter of 2009, on 43% higher revenues. The company posted a net loss of $5.5 million for 2010 compared to net income of $7.3 million [...]

China vs. Hong Kong as Investment Destinations

Tuesday, May 11th, 2010

Roger Nusbaum submits:
I read an article on Sunday that questioned whether or not China would implode. I’m not too concerned with debating that article so much as discussing the long term prospects, or lack thereof, of China. In addition to the article in question there was an analyst of some sort on Asia Squawkbox [...]

On Chinese Property and Tech Demand

Tuesday, May 11th, 2010

Let’s begin with what we know: China’s appetite for high tech gadgets is exerting a mighty influence on global demand. The recent results from Samsung Electronics (SSNLF.PK), Asia’s leading technology company, give one reason why. The South Korean giant estimates that China’s flat screen TV market is now as large as America’s, and is doubling. [...]

China Trade Review: Surplus Stabilizing

Tuesday, May 11th, 2010

Econ Grapher submits:
China saw exports rise 30.5% year on year in April to $119.9 billion and imports up 49.7% to $118.24 billion, leaving a trade surplus this month of $1.68 billion compared to a deficit last month of -$7.24 billion. Consensus estimates were for a deficit of -$0.55 billion.
The rise in imports, though much of [...]

Perfect World Resilient Amid China Online Game Stock Weakness

Tuesday, May 11th, 2010

Xiaofan Zhang submits:
Chinese online game stocks plunged last week as market indexes plummeted amid macroeconomic concerns: The CWD China Online Game Stock Index (see chart 1) dropped 8.8% last week, while the S&P and NASDAQ Composite Indexes dropped 6.4% and 7.9%, respectively. I note that the performance gap between China online game stocks and [...]

Asian Tech Stock Weekly Review (May 3 – 9, 2010)

Tuesday, May 11th, 2010

Japan
Mobile/ Wireless
• Mobile content services firm Nano Media reported full-year results for the period ending March 2010. The company’s sales declined by 4.3% to 2.54 billion yen (US$27.7 million) while net loss reduced to 98 million yen (US$1.06 million) from 1.08 billion yen (US$11.78 million) the previous [...]

Thoughts on China’s Insolvent State Banks

Tuesday, May 11th, 2010

How do you define a bad investment? Perhaps the best definition has to do with the relationship between risk and reward. We are seeing — in a very dynamic way — this tug of war being carried out in Greece. Government bonds are by definition guaranteed by a sovereign entity, so [...]

The Week Ahead: U.K. Earnings, China Economy in Focus

Tuesday, May 11th, 2010

Prieur du Plessis submits:
The video clips below provide a handy summary of the reports expected on the economic, financial and corporate front around the globe during the week ahead.
US: A slew of data, and earnings
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Will China Implode and Bring the U.S. Down With It?

Tuesday, May 11th, 2010

The Gold Report submits:
It’s the world’s biggest and fastest-growing economic powerhouse, the subject of countless daily discussions and conjectures in the news media and an endless source of controversy, fear and confusion among investors, businessmen, politicians, bankers and bureaucrats. For those who follow the global economic outlook, it’s probably the [...]