CHINA Hopeful on Future – Analyst Blog
Source: http://www.zacks.com/stock/news/17882/CHINA+Hopeful+on+Future+-+Analyst+BlogPosted on Tuesday, March 3rd, 2009 | In Stocks to Watch
With a strong track record in consolidation and organic growth of its software business, we believe CDC Corporation (CHINA) is poised for growth. Also, the 4th quarter revenue estimates reflect continued revenue growth from its CDC Games.
With continuous focus on vertical industries and cost reduction initiatives in its software segment, CDC should develop a significant competitive advantage in 2009 and beyond. New launches and upgrades (Yulgang 2.0 and Ross Enterprise v6.3) in its product line as well as its share repurchase plan currently in action will further help the company drive growth.
As such, we maintain our Buy rating on the shares of CDC, but with a lower 6-month target price of $2.50, given the global economic recession.
Read the full analyst report on “CHINA”
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- FDA Nod for Gen-Probe Assay - Analyst Blog - November 25th, 2009
- General Dynamics Bags Army Contract - Analyst Blog - November 25th, 2009
- Nokia-Siemens Suffers Setbacks - Analyst Blog - November 25th, 2009
- OM Group Enters Oversold Territory - Zacks Tale of the Tape - November 25th, 2009
- Bearish MACD for Outdoor Channel - Zacks Tale of the Tape - November 25th, 2009
Blog, CDC Corporation;, China, software, software segment, Stocks to Watch, USD, Zacks Market Commentaries
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.