Category: IPO

Reading Time: < 1 minute Obviously I pulled trigger too earlier on this one, SpreadTrum Communications (Nasdaq: SPRD). Here is a Speadsheet which has the revenue numbers for recent quarters. I think one reason for the continued pressure is the slow cell phone market, as indicated by the shipments slowdown of MediaTek, a bigger rival of Spread. My current plan:

stlplace
July 2, 2008

Reading Time: 2 minutes Let me put up the negatives (risk, downside) first. If it still stands after all the beatings, it may work out eventually. We all know semi-conductor is a tough business, and as you may know making cell phone is a cutting throat competitive business in China. Negatives SpreadTrum (Nasdaq:SPRD) supplies chips to domestic cell phone

stlplace
June 21, 2008

Reading Time: 2 minutes WuXi Pharma Tech (NYSE:WX) continued to slide, during my absence. One (main) concern is heavy insider selling (source: seekingalpha) lately, after the secondary offering was suspended on May 4. I double checked the F1 filings for secondary offering (principal and selling shareholders), and found its CEO Dr. Ge Li was going to sell 8 million

stlplace
June 19, 2008

Reading Time: 3 minutes Coule day a ago I came across this BoA (NYSE:BAC) bought CCB (China Construction Bank, Hongkong 0939) shares at dirt cheap price story from my Chinese friend StrengthTrader (English news here). After that I read this one original written by 21cbh, titled The Mystery of 70% Off of CCB Shares, here is a faster link

stlplace
May 30, 2008

Reading Time: 2 minutes GSI Techonology As I talked in my previous post (a while ago), this is the little semi-conductor (very fast SRAM) stock (Nasdaq: GSIT) I bought a year ago at its IPO. Since its IPO it reported two disappointing quarters at first, more recently it reported two decent quarters (Fiscal Q4, Fiscal Q3). But I sold

stlplace
May 9, 2008

Reading Time: < 1 minute I bought some Wuxi Pharma (NYSE:WX) shares today, last year I traded it shortly after its IPO in Aug/Sept. Recent developments Q4 and full year 2007 results (MSN Money): total net revenues increased 93.3% to $135.2 million (compared to 2006); Chemsitry CRO of the year by Pfizer; Q1 2008 results to be released on May

stlplace
May 6, 2008

Reading Time: 2 minutes Crocs (CROX) lowered its Q1 number yesterday. I sold all my CROX shares a while back after its Q4 earning announcement, because I thought the fundamental is still bad, not to mention the potential cash flow problem I talked earlier. Since I am talking about the financial media lately, I think one really does not

stlplace
April 15, 2008

Reading Time: 2 minutes It was a short while ago (last Nov) Alibaba did its high profile IPO in Hongkong. Now it’s back in the news again. Don’t get me wrong, Jack Ma (Ma Yun), the founder and Chairman of Ali, was always in the news. I remember a few years ago (when the company was private) he said

stlplace
March 20, 2008

Reading Time: 2 minutes In his annual letter to shareholders, Buffett said the “party is over”. He was referring to the insurance business, which is the cornerstone of Berkshire Hathaway. It appears the party for the economy hotels in China is over too. You can read this Chinese article at Sina if you know Chinese. This is understandable because

stlplace
March 13, 2008

Reading Time: 1 minute Yes, the long anticipated credit card giant is filing for the IPO. Here is its S1 prospectus. I have not read the S1, but from what I read (from MSNBC), they are going to raise up to $10 billion. That’s the largest IPO in US since 2000, and it’s the category of China ICBC’s IPO

stlplace
February 25, 2008
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