Seeking Alpha

ChinaCache spikes on ebullient sell-side commentary

  • ChinaCache (CCIH +2.9%) shares spike after unofficial sell-side commentary calls the company the "Akamai of China" and pegs its value at $90/share based on peer multiples (versus a previous close of $9.23), according to Notable Calls.
  • The analyst observes that ChinaCache is "the leader in its space, not some second or third tier player," and that "there is an enormous dis-connect in the market right now in how it is valuing the equity of CCIH."
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