Analysts cut nine-city stock rating to run losses continuously

June 19, according to foreign media reports, investment analysis agency Oppenheimer Thursday cut the nine City stock rating, and said that the nine cities in the loss of "World of Warcraft" Operation rights will be likely to run for several consecutive quarters of losses.　　Oppenheimer analyst Paul Keung canceled nine city per share 12 dollar target price, the nine city stock rating from "outperform" (outperform) "down to" and the market flat (perform).　　According to the nine cities in the 2008 quarter released earnings, the fourth quarter total revenue of 427 million yuan (62.65 million U.S. dollars), operating profit of 57.69 million yuan (8.46 million U.S. dollars), the chain down 25.9%, the year-on-year decline of 27.8%. Keung said that after the loss of Warcraft, there is no other game to replace, the huge staff and other costs to the nine city to bring a large revenue burden.　　In the next 3 quarters, the earnings of the nine-city stock could be 92 cents per share, and the net loss for the entire fiscal year would be 59 cents per share.　　Keung also said that at present nine cities are less likely to be acquired by other companies, mainly because of the limited value they can offer to potential acquirers. However, recent news that the nine cities will be cooperation with Jinshan, the joint operation of the latter independently developed the "sword Net 3", and the two sides have reached a consensus of cooperation.