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+--- Thread: GAME (/showthread.php?tid=5732)
GAME - admin - 01-03-2014
Here is a latante stock idea:
Shanda Games (NASDAQ: GAME) was battered after the company released its third-quarter results. Despite beating consensus estimates, a decline in key operational metrics and the weak performance of its massively multiplayer online (MMO) games snapped a bullish run that Shanda had enjoyed over the last six months.
Is Shanda Games a Good Buy Right Now?
It seems that they're losing considerably on their MMO games and that's only partially made up by the rapid growth in mobile games
The mobile gaming business has been the lone bright spot for Shanda. The segment grew 50% quarter over quarter, driven by the success of Million Arthur in China. Mobile now accounts for 14% of overall revenue and Shanda is working on increasing this share further. It will be launching Guardian Cross, developed by Square Enix, in China along with two self-developed games -- Dragon Nest and the Hell Lord -- going forward.
However, the stock is far from expensive:
Market Cap (intraday): 1.23B
Enterprise Value (Jan 2, 2014): 760.70M
Trailing P/E (ttm, intraday): 7.18
Forward P/E (fye Dec 31, 2014): 5.59
PEG Ratio (5 yr expected)1: 0.59 Price/Sales (ttm): 1.76
Price/Book (mrq): 32.95
Enterprise Value/Revenue (ttm): 1.10
Enterprise Value/EBITDA (ttm): 3.28
GAME Key Statistics | Shanda Games Limited Stock - Yahoo! Finance
Here is a 3 year chart, not really a trend (see attachment):
RE: GAME - admin - 01-09-2014
From Seeking Alpha
Chinese gaming stocks rally, Alibaba to launch mobile gaming platform
Jan 8 2014, 11:54
Alibaba (ABABA), whose ambitions have been steadily expanding beyond e-commerce, plans to launch a mobile gaming platform for 3rd-party titles.
The service will be aimed squarely at Chinese online/mobile gaming leader Tencent (TCEHY), and will give developers a hefty 70% cut. Alibaba also plans to integrate the service with its Laiwang messaging app (competes with Tencent's dominant WeChat) and the mobile app for its Taobao e-commerce platform.
In addition to Tencent, Alibaba will be taking on a slew of other mobile game distributors, including NQ Mobile's (NQ +1.7%) FL Mobile unit.
Chinese game developer Perfect World (PWRD +10.1%) has skyrocketed in morning trading. Peers Changyou (CYOU +4.1%) and NetEase (NTES +3.5%) are also up sharply.
Also: Alibaba's Alipay online payments unit has struck a deal with Sina (SINA +1.5%) to allow Weibo users to make online and offline payments via Alipay. Sina investors have been expecting the company's partnership with Alibaba (bought an 18% stake last year) to yield service launches that would improve Weibo monetization.