Seeking Alpha
 

Perfect World Co., Ltd. (PWRD)

- NASDAQ
  • Jul. 29, 2013, 8:31 AM
    • Shanda Games (GAME) -7% premarket after agreeing to acquire affiliates providing user and payment platform services from its parent company Shanda Interactive Entertainment for a combined $811.5M.
    • GAME says the moves will strengthen its mobile strategy.
    • Other players in Chinese gaming: SOHU, RENN, NTES, PWRD, GA.
    | Jul. 29, 2013, 8:31 AM | Comment!
  • Jul. 16, 2013, 9:42 AM
    A roundup of tech analyst ratings changes: 1) Baidu (BIDU +4.7%) has been upgraded to Neutral by Citi following the 91 Wireless deal. 2) Sonus (SONS +4.7%) has been upgraded to Buy by Lazard. 3) Stamps.com (STMP -7.7%) has been cut to Neutral by B. Riley. 4) Move (MOVE +2.9%) has been started at Overweight by Stephens. 5) Cavium (CAVM -2%) has been started at Reduce by Nomura. 6) Perfect World (PWRD +1.8%) has been upgraded to Buy by Citi. 7) Trina (TSL -0.5%) has been cut to Underperform by Raymond James; shares would be faring worse if not for ReneSola's guidance hike.
    | Jul. 16, 2013, 9:42 AM | Comment!
  • Jul. 12, 2013, 11:54 AM
    The Chinese government is reportedly planning to end a 13-year ban on game console sales, on the condition the consoles are made in a proposed Shanghai free trade zone. The legalization of console sales could be a modest negative for Chinese online gaming firms such as NTES, GA, GAME, PWRD, CYOU, and TCEHY.PK, but TechInAsia thinks Sony (SNE) and Nintendo (NTDOY.PK) investors shouldn't rush to celebrate. Consoles aren't hard to find on the black market today, and buyers tend to go for hacked systems that support pirated games. On the other hand, legalization will allow console vendors to advertise in China and sell translated titles.
    | Jul. 12, 2013, 11:54 AM | 1 Comment
  • Jul. 3, 2013, 2:30 PM
    After-hours top gainers, as of 2:15 p.m.: PWRD +3%. TDG +2%. CTRP +2%. OMAB +2%. BSMX +2%.
    After-hours top losers: ARCP -2%. PBR -2%. NVAX -2%. COLE -2%. CS -1%.
    | Jul. 3, 2013, 2:30 PM | Comment!
  • Jun. 24, 2013, 1:23 PM
    Chinese Internet and solar stocks fall hard after growing banking sector liquidity worries contribute to a 5.3% drop for the Shanghai Composite. Notable decliners: YY -13%. DANG -9%. GA -8.9%. PWRD -7.2%. YOKU -6.6%. SOHU -5.8%. NQ -5.6%. CSIQ -8.4%. TSL -8.3%. LDK -7.5%. JKS -6.9%. JASO -6.9%. DQ -7.1%. SOL -6.7%. Meanwhile, Bloomberg observes many Chinese solar firms, including Trina, JinkoSolar, and Canadian Solar, are moving production overseas to counter EU import tariffs.
    | Jun. 24, 2013, 1:23 PM | Comment!
  • May 29, 2013, 12:45 PM
    Midday top 10 gainers: STEI +34%. SFD +25%. VRTB +22%. CLSN +19%. ARTX +19%. BWS +14%. CLNT +12%. PWRD +12%. AEGR +12%. TFM +10%.
    Midday top 10 Losers: OWW -14%. MRC -13%. ALVR -12%. SOCB -11%. TSL -11%. PIP -11%. PRXI -12%. VIMC -11%. WHX -10%. TISA -9%.
    | May 29, 2013, 12:45 PM | Comment!
  • May 28, 2013, 7:14 PM
    More on Perfect World: Q1 revenue was $100.6M (-13% Y/Y), beating consensus by $2.8M. Q2 guidance is for revenue of RMB656M-RMB687M ($105.6M-$110.6M), above a consensus of $102.5M. Online game revenue (89% of total) -16% Y/Y (share loss to Tencent and NetEase); average concurrent game users fell 11% Q/Q and 31% Y/Y to 554K. Gross margin was 76.5%, -40 bps Q/Q and -580 bps Y/Y. Opex -3% Y/Y. PWRD +3.9% AH, CC at 9PM ET (webcast). (PR)
    | May 28, 2013, 7:14 PM | 1 Comment
  • May 28, 2013, 6:11 PM
    Perfect World (PWRD): Q1 EPS of $0.49 beats by $0.02. Shares +3.1% AH. (PR)
    | May 28, 2013, 6:11 PM | Comment!
  • May 28, 2013, 12:10 AM
    Notable earnings after Tuesday's close: PWRD, GWRE, UNFI
    | May 28, 2013, 12:10 AM | Comment!
  • May 27, 2013, 5:35 PM
    Notable earnings after Tuesday's close: PWRD, GWRE, UNFI
    | May 27, 2013, 5:35 PM | Comment!
  • May 20, 2013, 10:15 AM
    Chinese Internet stocks jump in response to Qihoo's Q1 beat and very strong Q2 guidance, highlighted by ramping search ad sales and soaring online game revenue. YY +6.5%. RENN +6.8%. NTES +5.5%. BIDU +2.4%. PWRD +3.2%. SOHU +3%. SINA +2.3%.
    | May 20, 2013, 10:15 AM | Comment!
  • May 8, 2013, 1:10 PM
    A recent Chinese government proposal to allow local investors to buy stocks traded elsewhere could give a lift to "companies familiar to them," argues Stifel. The firm mentions Baidu (BIDU +3.3%), Qihoo (QIHU +2.1%), Youku (YOKU +1.2%), and Tencent (TCEHY.PK - trades in HK) as beneficiaries. All 3 U.S.-traded names are rallying, as are YY (YY +8.9%), Sohu (SOHU +5.1%), Perfect World (PWRD +1.6%), and Changyou (CYOU +3.1%). Youku fell yesterday after Baidu confirmed it's buying video site PPS, and will integrate it with its iQiyi site. Baidu claims PPS/iQiyi will create China's largest Web video platform in terms of mobile users and viewing time.
    | May 8, 2013, 1:10 PM | 1 Comment
  • May 6, 2013, 2:30 PM
    Chinese Internet stocks are surging after equities rallied in Shanghai and Hong Kong in spite of a major drop in China's services PMI. In addition to Qihoo (previous), winners include Renren (RENN +12.2%), YY (YY +13.3%), Baidu (BIDU +3.8%), Sina (SINA +2.8%), Sohu (SOHU +3.4%), Changyou (CYOU +4.3%), and Perfect World (PWRD +5%). YY is now up 20% since posting a strong Q1 report on Thursday afternoon; revenue rose 130.5% Y/Y to RMB315M ($50.7M), and EPS of $0.23 beat consensus by $0.06. Revenue is expected to hit RMB330M-340M in Q2.
    | May 6, 2013, 2:30 PM | Comment!
  • Mar. 28, 2013, 6:49 PM
    Even as console game sales tumbled and PC demand slipped, PC game sales grew 8% last year to $20B, estimates research firm DFC - this figure includes money spent on online titles. Demand from China is believed to have risen 9% to $6.8B, and positive growth was also reportedly seen in the U.S. and Japan. Interestingly, industry trade group PCGA argues mobile is helping PC gaming enabling smaller developers to launch cross-platform initiatives.
    | Mar. 28, 2013, 6:49 PM | Comment!
  • Mar. 20, 2013, 10:57 AM
    Solid earnings from Tencent (TCEHY.PK) and a rally in Shanghai help Chinese Internet stocks trade higher. YOKU +3.8%. SINA +2.8%. QIHU +2.5%. SOHU +1.8%. YY +1.8%. NTES +1.5%. PWRD +1.7%. Tencent, which rose 1.5% in Hong Kong, reported a 53% Y/Y increase in Q4 sales to $1.96B, and a 37% increase in net income to $557M. Ad sales were better than expected, and value-added service sales (includes online games) rose 32%. Registered accounts for Tencent's WeChat mobile IM platform, which competes with Sina's Weibo, have topped 300M.
    | Mar. 20, 2013, 10:57 AM | Comment!
  • Mar. 12, 2013, 1:23 PM
    A selloff in Shanghai and poor guidance from Perfect World (PWRD -7.9%) lead some Chinese Internet stocks to underperform. YY -7.1%. BIDU -2%. SINA -2.5%. GAME -2.6%. Citi has downgraded Perfect World to Neutral on sales and margin concerns. On the earnings call, management mentioned sales of PWRD's popular Torchlight 2 game are expected to see a Q1 drop. One title the company has high hopes for (Neverwinter) will launch in Q2, while two others (Saint Seiya and Swordsman Online) are expected around mid-year.
    | Mar. 12, 2013, 1:23 PM | Comment!
Visit Seeking Alpha's
PWRD vs. ETF Alternatives
Company Description
Perfect World Co Ltd is an online game developer and operator in China. The Company develops online games based on proprietary game engines and game development platforms.