|By PR Newswire||
|August 8, 2014 09:30 AM EDT||
CHICAGO, Aug. 8, 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 YY Inc. (Nasdaq:YY-Free Report), China Life Insurance Co. Ltd. (NYSE:LFC-Free Report), China Mobile Limited (NYSE:CHL-Free Report), Yingli Green Energy Holding Co. Ltd. (NYSE:YGE-Free Report) and Ctrip.com International Ltd. (Nasdaq:CTRP-Free Report).
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
YY Inc. (Nasdaq:YY-Free Report)reported diluted earnings of 60 cents per ADS for the second quarter of 2014, exceeding the Zacks Consensus Estimate of diluted earnings of 48 cents per ADS. Diluted non-GAAP earnings per share during the second quarter came in at 70 cents, 102.8% higher than the figure recorded in the year-ago period.
YY Inc. reported revenues of $135.6 million during the quarter, an improvement of 105.6% from the corresponding quarter last year. This was primarily attributable to a 118.3% rise in revenues from internet value added services (IVAS).
However, gross margin declined to 49.5% during the period comparing to 53.3% in the corresponding quarter in 2013. The decline occurred because a major share of revenues was attributable to online music and entertainment. This is turn led to an increase in content costs and revenue-sharing fees.
China Life Insurance Co. Ltd. (NYSE:LFC-Free Report) will acquire a $250 million stake in private equity company TPG Capital according to The Wall Street Journal. Following the conclusion of the deal, China Life will acquire an ownership stake of 2-5% in TPG and become a general partner of the company.
Incidentally, news of the deal comes as TPG prepares to raise $10 billion for a new global fund for corporate takeovers. It will also add to the permanent capital of the company, which already manages around $60 billion. The deal is of particular importance, as TPG is currently deciding whether or not to float an IPO.
China Mobile Limited (NYSE:CHL-Free Report) has held discussions regarding the purchase of a minority stake in Axiata Group. This company is the largest wireless carrier in Malaysia in terms of market value. China Mobile expressed its desire to purchase 20% of the Malaysian carrier. The stake would be valued at $3.7 billion based on Tuesday's closing price.
However, no agreement could be reached as the carrier and Khazanah Nasional Bhd, its largest shareholder did not agree to sell a stake of that size. This is because they felt that the price offered was not sufficiently high. Analysts believe that China Mobile may have to pay a higher price, since the Malaysian carrier does not need a strategic investor at this time. If concluded, the $3.7 billion deal would be China Mobile's largest foreign acquisition and the largest telecom deal since 2007 in South East Asia.
Yingli Green Energy Holding Co. Ltd. (NYSE:YGE-Free Report) will develop solar projects to generate 30MW in Poland in conjunction with AMB Energia Wytwarzanie. Per the agreement, AMB Energia will be the local partner and develop the facilities with "the strongest support from Yingli throughout all project stages."
Manuel Seiffe, Yingli's International head of project business said: "In this strategic alliance, the partners will jointly work on a diversified project portfolio to be ready for inclusion into the auction system in 2015."
"As a leading developer in Poland, AMB Energia will engage in all stages of the development phases of the solar PV projects. This partnership will furthermore enhance our strong position in the project business as well as in the Polish market," Seiffe added.
Ctrip.com International Ltd. (Nasdaq:CTRP-Free Report) reported diluted earnings of 14 cents per ADS for the second quarter of 2014, exceeding the Zacks Consensus Estimate of diluted earnings of 12 cents per ADS. Diluted earnings per ADS, excluding non-GAAP share based compensation charges were 26 cents per ADS during the quarter.
Ctrip reported revenue of $278 million during the second quarter, which were also higher than the Zacks Consensus Estimate of $270 million. Quarterly revenue increased 38% on a year-over-year basis.
The travel service provider's accommodation reservation revenues increased 47% year-over-year to $121 million. Transportation ticketing revenues expanded 39% year-over-year to touch $117 million. Additionally, gross margin during the second quarter was 72%, in line with first quarter of 2014. However, it was lower than the figure of 75% in the same quarter last year.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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