Click here to close now.


News Feed Item

The Zacks Analyst Blog Highlights: JinkoSolar Holding, SINA, China Mobile, JA Solar Holdings and E-House (China) Holdings

CHICAGO, Aug. 22, 2014 /PRNewswire/ -- announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the JinkoSolar Holding Co., Ltd. (NYSE:JKS-Free Report), SINA Corp. (Nasdaq:SINA-Free Report), China Mobile Limited (NYSE:CHL-Free Report), JA Solar Holdings Co. Ltd. (Nasdaq:JASO-Free Report) and E-House (China) Holdings Limited (NYSE:EJ-Free Report). " border="0" alt="Zacks Investment Research, Inc., " align="middle" src=""/>

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Thursday's Analyst Blog:

China Stock Roundup

Stocks had a mixed week once again after gaining substantially on the first two days of the week. Gains in shipping and tech stocks helped markets negate a decline in property stocks on Monday. The benchmark index rose to its highest level in eight months on Tuesday after President Xi said reforms in state-owned media enterprises would be undertaken.

Stocks took a breather on Wednesday ahead of HSBC Flash PMI numbers, and the benchmark index declined. The manufacturing gauge declined to its lowest level in three months on Thursday as stocks took losses. JinkoSolar Holding Co., Ltd. (NYSE:JKS-Free Report) and SINA Corp. (Nasdaq:SINA-Free Report) beat second quarter earnings estimates. China Mobile Limited's (NYSE:CHL-Free Report) net income dropped during the first half of 2014.

Last Week's Developments

Stocks gained last Friday following speculation that the government would take further measures to boost the economy. According to the China Securities Journal, gains were led by technology and financial companies. The Shanghai Composite Index increased 0.9% to touch its highest level since Dec 10 last year. The CSI 300 increased 1.1% while the Hang Seng China Enterprises Index gained 0.4%.

The benchmark index gained 1.5% over the week, marking its fifth consecutive week of gains. This is its longest series of weekly gains after May 2013. Stocks gained over the week after inflation declined last month. On the other hand, credit growth and industrial production came in below expectations, giving rise to speculations about monetary easing. A sub-index of tech stocks within the CSI 300 increased 2.5% over the week, the highest among the index's 10 industry groups.

Markets and the Economy This Week

The Shanghai Composite Index moved up 0.6% on Monday to close at its highest level in eight months. Shipping and technology stocks outweighed a decline in China's property sector. Government data revealed that home prices dropped in 64 out of 70 cities during July. Prices fell in the highest number of cities since the government revised data compilation methods in Jan 2011.

The Hang Seng China Enterprises Index declined 0.4%. This was primarily due to a 17% decline in FDI during July. The CSI 300 increased 0.6%. A technology sub-index of the CSI 300 increased 1.7%, the highest among the 10 industry groups.

Stocks gained once again on Tuesday following a statement from President XI Jinping on reforms in state-controlled media companies. The Chinese president said that the country will set up media groups which are credible and will encourage integration between traditional and new media. The statement led to a rally in media stocks which fuelled larger market gains.

Analysts are of the view that President Xi's remarks have led investors to believe that media reforms will be expedited.  The Shanghai Composite Index increased 0.3% to close at its highest level since Dec 5. The CSI 300 closed nearly flat. Utility, financial and healthcare stocks were the largest losers among the index's 10 industry groups.

The ChiNext, a gauge of small cap stocks, moved up 0.5%. The Hang Seng China Enterprises Index moved up 0.3% following impressive earnings reports. The Bloomberg China-US Equity Index gained less than 0.1%.

Property and energy stocks led losses as stocks declined on Wednesday. The Shanghai Composite Index lost 0.2%, moving lower for the first time in four days ahead of HSBC flash PMI numbers. Analysts took the view that investors were taking a breather following long period of gains. 

The CSI 300 declined 0.4%. A sub-index of energy stocks lost 0.9%. This was the largest decline among the index's 10 industry groups. The Hang Seng China Enterprises Index lost 0.4%. On the other hand, the Hang Seng gained 0.2% following optimism surrounding a stock-trading linkage with Shanghai. The Bloomberg China-US Equity Index declined 0.3%.

The Shanghai Composite Index lost 0.4% on Thursday following a decline in HSBC PMI numbers. The manufacturing gauge declined from 51.7 recorded in July to 50.3 in August. This is the index's lowest level in three months and raises questions about the economic recovery.

The CSI 300 lost 0.5% and a sub-index of financial stocks moved down 0.9%. This was the largest declined among the index's 10 industry groups. Meanwhile, a report in the China Securities Journal quoted a government official who said state-owned companies will move toward mixed ownership in the days ahead. The Hang Seng China Enterprises Index declined 1%.

Stocks in the News

China Mobile Limited, the world's largest mobile operator in terms of subscriber base, announced results for the first six months of 2014 with adjusted net income of RMB57.7 billion ($9.4 billion). Net income dropped 8.5% year over year owing to higher infrastructure cost and stiff competition.

Total revenue climbed 7.1% year over year to RMB324.7 billion ($52.9 billion). Telecommunication service revenues, comprising roughly 94% of total revenue, increased 4.7% year on year to RMB297.9 billion ($48.5 billion). Steady revenue growth was attributable to rapid growth of wireless data revenue, which was up by a massive 51.8%.

JinkoSolar Holding Co., Ltd. reported second-quarter 2014 non-GAAP earnings per American Depositary Share (ADS) of 80 cents (non-GAAP earnings of 20 cents per share), beating the Zacks Consensus Estimate by 15.9%. In the prior-year quarter, the company's adjusted earnings per ADS was 56 cents (non-GAAP earnings of 14 cents per share). The outperformance was primarily driven by higher revenues and a rise in total solar product shipments.

In the first quarter of 2014, the company's non-GAAP earnings per ADS was 20 cents (non-GAAP earnings of 5 cents per share).

Despite posting favorable earnings, JinkoSolar shares edged down 1.6% to $27.38.

JinkoSolar provided third-quarter 2014 total solar module shipment guidance in the range of 800–850 MW. For 2014, the company expects total solar module shipments in the band of 2.9–3.2 gigawatts (GW).

SINA Corp. reported second-quarter 2014 earnings of 7 cents per share, which were much-better than the Zacks Consensus Estimate of a break even. Earnings rebounded from a loss of 26 cents per share reported in the year-ago quarter.

Revenues increased 20.7% year over year to $187 million and were slightly higher than management's guided range of $177 million to $182 million. Revenues are adjusted for deferred revenues of $4.1 million, mostly related to the license agreements resulting from the E-House/CRIC transaction. Revenues were in line with the Zacks Consensus Estimate.

SINA expects revenues for the third quarter of 2014 in the range of $193 million to $199 million. Management believes that increasing investment by Weibo on product development and marketing will hurt its and also SINA's operating results in 2014. SINA also expects to invest in its own portal (mobile and video). This will also keep margins under pressure.

JA Solar Holdings Co. Ltd. (Nasdaq:JASO-Free Report) announced earnings of 14 cents per ADS in the second quarter of 2014, missing the Zacks Consensus Estimate by 17.6%. Earnings also dropped 56.3% from 32 cents per ADS a year ago and 75.9% from 58 cents per ADS in the preceding quarter.

Higher operating expenses led to lower-than-expected profits with the stock price tumbling 6.31% in yesterday's trading session to close at $9.36.

JA Solar reported revenues of $390.5 million, beating the Zacks Consensus Estimate of $385.0 million. Revenues also increased 52.9% year over year and 6.5% sequentially.

JA Solar expects to ship 730–760 MW of cells and modules in total for the third quarter. For 2014, the company lifted its full year cell and module shipment guidance to 2.9–3.9 GW from its earlier expectation of 2.7–2.9 GW. The revised outlook includes 200 MW of module shipments to the company's downstream projects.

E-House (China) Holdings Limited (NYSE:EJ-Free Report) reported second-quarter 2014 earnings of 9 cents per diluted ADS, significantly higher than 5 cents per ADS in the year-ago quarter. Earnings excluding share-based compensation expense and amortization of intangible assets increased from 11 cents per ADS in the year-ago quarter to 14 cents per ADS in the second quarter.

The jump in profits can be attributed to a significant increase in revenues and a decline in charges. Revenues increased 29% from $163.4 million in the year-ago quarter to $210.1 million. Real estate online service revenues increased 63% to $117.3 million on a year-over-year basis. The major factor behind this surge was a 159% increase in e-commerce services, which came in at $68.3 million.

The company maintained its revenue outlook for fiscal year 2014 within $910- 930 million. This is a projected increase of 24-27% from the $731.1 million recorded in 2013.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Get the full Report on JKS - FREE
Get the full Report on SINA - FREE
Get the full Report on CHL - FREE
Get the full Report on JASO - FREE
Get the full Report on EJ - FREE

Follow us on Twitter:

Join us on Facebook:

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
[email protected]

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release.

Logo -

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Continuous processes around the development and deployment of applications are both impacted by -- and a benefit to -- the Internet of Things trend. To help better understand the relationship between DevOps and a plethora of new end-devices and data please welcome Gary Gruver, consultant, author and a former IT executive who has led many large-scale IT transformation projects, and John Jeremiah, Technology Evangelist at Hewlett Packard Enterprise (HPE), on Twitter at @j_jeremiah. The discussion...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound...
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, San...
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company In the past, he was co-founder of social-trading platform Currensee, which...
PubNub has announced the release of BLOCKS, a set of customizable microservices that give developers a simple way to add code and deploy features for realtime apps.PubNub BLOCKS executes business logic directly on the data streaming through PubNub’s network without splitting it off to an intermediary server controlled by the customer. This revolutionary approach streamlines app development, reduces endpoint-to-endpoint latency, and allows apps to better leverage the enormous scalability of PubNu...
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem"...
I recently attended and was a speaker at the 4th International Internet of @ThingsExpo at the Santa Clara Convention Center. I also had the opportunity to attend this event last year and I wrote a blog from that show talking about how the “Enterprise Impact of IoT” was a key theme of last year’s show. I was curious to see if the same theme would still resonate 365 days later and what, if any, changes I would see in the content presented.
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user e...
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at, examined how Docker has evolved into a highly effective tool for application del...
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.