Welcome!

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/ -- Zacks.com 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).

www.zacks.com. " border="0" alt="Zacks Investment Research, Inc., www.zacks.com. " align="middle" src="http://photos.prnewswire.com/prnvar/20101027/ZIRLOGO"/>

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

Zacks.com 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: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

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]
http://www.zacks.com

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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Logo - http://photos.prnewswire.com/prnh/20101027/ZIRLOGO

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
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Application transformation and DevOps practices are two sides of the same coin. Enterprises that want to capture value faster, need to deliver value faster – time value of money principle. To do that enterprises need to build cloud-native apps as microservices by empowering teams to build, ship, and run in production. In his session at @DevOpsSummit at 19th Cloud Expo, Neil Gehani, senior product manager at HPE, discussed what every business should plan for how to structure their teams to delive...
"We are a modern development application platform and we have a suite of products that allow you to application release automation, we do version control, and we do application life cycle management," explained Flint Brenton, CEO of CollabNet, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band-aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It does...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web ...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera MyS...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...