Reading Time: < 1 minute Wang Jianshuo, the famous (yet low profile) blogger in Shanghai, wrote an excellent series about living cost in Shanghai.
Reading Time: < 1 minute SNDA (Shanda): Feb 12 BIDU (Baidu): Feb 14 NCTY(the9): Feb 14 Note Feb 18 is the Chinese New Year.
Reading Time: < 1 minute There are lots of praises for Home Inns (Rujia, most in Chinese). I saw this one in English. Actually from my own experience at four Home Inns in Shanghai I have both praises and complaints. So every coin has two sides. On serious side, I noticed after Home Inns developed the new hotels in Nanjing and Qingdao this year, they are developing very
Reading Time: < 1 minute I summerized its year 2005 and 2006 (low end) number here. I noted that the revenue year over year growth slowed a bit (consider first 9 months growth about 41%). This can be attribute to the continuing “anti-corruption” campaign in China hospitals. 2005 2006 YoY Rev (CNY) 1,078,573,000 1,470,000,000 36.29% Income 205,089,000 360,000,000 75.53% Earning (CNY) 2.40 3.73 55.42%
Reading Time: < 1 minute I don’t know why the stock went down this morning after a good earning report. Anyway guessing stock price’s daily fluctuation is not my job. I did listen to the conference call (script by seekingalpha) and it seems to me Michael and Louis did well, although Michael’s English is not perfect. Some of the growth driver:
Reading Time: < 1 minute All right, New Oriental announced the fiscal 2007 Q2 report today. Here is the report. It seems they are doing well. Some highlights include 33% YoY reveneue growth (beat est. 20%). “The growth was mainly driven by the increase in the number of student enrollments in language training and test preparation courses.” I imagine people just
Reading Time: < 1 minute I was on shopping spree on stocks lately. Since I bought the Panera Bread (PNRA) last Friday, this Monday I bought some Telestone (TSTC), a Chinese wireless equipment maker; on Tuesday I bought some Ninetowns (NINE), a China based software company not new to me because I lost money on it in the past 🙁 These are two speculative plays. Telestone
Reading Time: < 1 minute on 8 am ET Jan 16. Here is link to web conference. And the dial in instruction can be seen here. I don’t have any EDU shares.
Reading Time: < 1 minute It’s official, the United Airlines won the battle. It will fly from Washington Dulles to Beijing, connecting two capitals. It appears to me American Airlines was the front runner but their pilot union doesn’t want to fly more than 15 hours from Dallas to Beijing, and that basically pulled AA out of race. I was
Reading Time: < 1 minute That’s from Andy Xie, former chief economist for Morgan Stanley (Asia), here is the link. The article is in Chinese. Basically he is saying the high PE ratio of Chinese domestic stocks can not be justified by the growth of economy. The profitability of company and the prosperity of economy are two separate things. Among the factors pushing up the stocks prices, he mentioned the
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