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
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
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. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...