Entering text into the input field will update the search result below
Search for Symbols, analysts, keywords

CICC Recommendes To Buy CMGE Into Dips

Oct. 14, 2014 1:54 AM ETCMGE
ChinaGameExpert profile picture
ChinaGameExpert's Blog
23 Followers
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

CICC issues an report yesterday on CMGE. The analyst recommends to buy CMGE into dips. CICC also raises its price target from $19 to $25 as it removed the management risk discount of 20% and raised 2015 earnings forecast by 8.3%.

CICC believes that CMGE has benefited from mobile game publisher consolidation in China and has been taking more market share.

The analyst thinks that the market is over-concerned with previous management issues and believes the corporate restructure will improve company's margins.

Analyst's Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Trending Analysis

Trending News