STLPlace

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17 Comments

    • Chinese Government Gives China Mobile Revenues to China Telecom [view article]
      To clarify some doubts regarding "why this matters to CHL shareholders".

      Suppose a grandfather wanted give $500 to his elder son, but he does not have any money. So he asked younger son for $500. According to the tribal tradition, son can not say no to father. So the younger son agreed, but he does not have any money either. He knows his son (CHL) has $500 at bank. So he asked CHL...       Oct 04 09:02 PM
    • Crocs: Bloated Inventory Caused Stock Slide [view article]
      I believe the inventory is up $50 m or so (not $190 m) from end of Q3 2007.

      That being said, the shorts are taking every opportunity to take it down and make a killing...       Feb 20 11:43 AM
    • RIM Shouldn't Be Affected by Financial Sector Weakness [view article]
      CitiGroup flip flipped on this one. See my post

      www.stlplace.com/2008/.../

      Or this barron's blog:
      blogs.barrons.com/stoc.../

      Research in Motion (RIMM) faces a prospective 25% reduction in market value if the U.S. slides into recession, says Citigroup. RIMM shares, already nearly 40% off the highs reached last fall, could drop to as low as $63 if the U.S. economy does, in fact, fall into recession, and the consequences radiate to the rest of the global economy.

      Are they the same guy at Citi ???
      Feb 08 11:56 AM
    • Don't Overlook Amazon's Web Services Business [view article]
      All these are good except one problem: its service revenue (For 2007, Amazon’s other revenue was $326 million) is still insignificant compared to retail revenue.

      Not a himalaya to climb, but still a long way to go...       Jan 31 01:36 PM
    • Xinyuan Real Estate IPO Analysis: Poised for a Strong 2008 [view article]
      I usually like Bill's post, especially his analysis portion. But for this one, I think it is difficult to predict. The Chinese real estate is highly regulated, and the goverment is keen not to repeat what happened in the US housing market. In the short term, I think things will be tough for EJ and XIN.

      I did some homework on Vanke, China No. 1 home builder.

      www.stlplace.com/2007/.../

      Dec 16 03:51 PM
    • Longtop Financial: Benefiting from China Banking Growth [view article]
      I also did some homework on this one:

      www.stlplace.com/2007/.../       Dec 16 03:42 PM
    • China's Latest Financial Coup: Buy 'H' Shares [view article]
      I think at this stage, this H share move won't have much effect. The minimum balance is HKD 100,000, which is not small change for most Chinese.

      I discussed this a bit at my blog:

      www.stlplace.com/2007/.../

      I think for the long term, Chinese investors will follow what they did in A shares lately: hand their money to fund managers, and let professonals hand their money.

      By the way, why the mistrust on Chinese banks? I can understand the frustration of the "long waiting line", but not aware of mistrust.       Aug 21 11:19 PM
    • Wall Street Loves WuXi's Story [view article]
      I like its story too.

      www.stlplace.com/2007/.../

      On the risk side, it appears they derived more than 20% revenue from Vertex Pharmaceuticals 1H 2007, and the drug is going through FDA "Phase 3 clinical trials for this drug candidate in the fourth quarter of 2007. If the FDA does not approve this candidate or if its development is delayed, Vertex may terminate or significantly reduce its orders with us."       Aug 15 11:54 PM
    • E-House Holdings IPO Offers Investors Risks, Rewards [view article]
      I don't think this will be the next HMIN, due to couple reasons:

      1) EJ derives main revenue from new home sales, in a booming market like this, the developers don't need EJ to help them to sell; on the other hand, if market takes a turn, that won't help EJ either.

      2) Competition is heating up. It does not take too much money to start a broker business.

      I also listed more details in my own blog:

      www.stlplace.com/2007/.../

      That being said, short term, the stock could go up, note I am not an expert on predicting short term trend.       Aug 08 10:14 PM
    • Crocs: Tripping on Its Own Brand [view article]
      Not sure if the sales/cash flow (operating?) is a good metrics. Look at Under Armour, they got a negative cash flow number if you use that ratio. Jul 11 10:51 AM
    • Acorn International: Post IPO Pullback Offers Good Entry Point [view article]
      Zack,
      I have to disagree with you on this. ATV is not another FMCN. Shopping on TV is a good idea but
      it is not a killer app. I believe ATV is primary selling mobile phones.

      I talked a little about ATV in my blog:
      www.stlplace.com/2007/.../       Jul 05 09:27 AM
    • Xinhua Finance Media Grossly Undervalued; Expecting Major Upside [view article]
      While I am not good at predicting the stock price in near term,
      I am not confident about Xinhua Finance's long term success.

      www.stlplace.com/2007/.../       Jul 03 12:41 PM
    • Home Inns: Trading Short Term Profit for Long Term Growth [view article]
      Here is an article about China GreenTree Inn, one thing I noticed is budget hotels don't have pricing power over 3rd star hotels in 2nd tier cities...don't know if this is true or not.

      www.pacificepoch.com/p.../       May 25 11:31 AM
    • Why Xinhua Finance Media is Still a Buy [view article]
      I don't agree you can compare XFML with FMCN. They are both in ad. business, but that's the only thing they are in common. FMCN virtually started the LCD ad industry in China, it did a few calculated acquisitions after grew itself to certain scale. Xinhua is a holding company, it has a very limited operating history. To make things worse, the scandal in IPO process.

      I think it will be dead money for a while. Just like my NINE (Ninetowns).       May 23 09:50 PM
    • Xinhua Finance Media's Less Than Impressive IPO [view article]
      I do feel this thing is more and more like NINE (Ninetowns Digital, recently changed name to Ninetown Internet). Unfortunately, I got some NINE at its IPO day back in Dec 04, and never saw its IPO price again :-(

      I also felt a bit suspicious on JP Morgan because I remember they were the underwriter of NINE too. I think they are not as good as Goldman and ML. From now on I will be more careful about JP Morgan.       Mar 14 02:26 AM
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