US Eastern Time March 3 13:22 (Beijing time March 4 2:22) News, according to foreign media reports, independent research website Tickerspy.com Wednesday announced the report, Shanda (Nasdaq:snda) and its subsidiaries Shanda Games (Nasdaq:game) Shares have lagged behind the overall performance of Chinese online gaming stocks in the past one months, leading to a disappointing financial performance from Shanda and Shanda games, which has exacerbated the sale of two companies ' shares earlier this week. Kathy Chen, an analyst at Goldman Sachs, yesterday downgraded the Kessie Chen stock rating from "buy" to "neutral" (Neutral) on the grounds that Shanda's expected weak performance in the first quarter. At the same time, Adam Krejcik, an investment company analyst at Adam Corisich, downgraded the grand stock rating from "buy" to "hold" (Hold), saying it should not split up the game business. In the Wednesday deal, Shanda's shares rose 6% per cent, wiping out yesterday's declines. Overall, China's online gaming stock index has lagged 8.7% per cent in the past one months compared with the S & P 500, with some of its constituent stocks falling more than 20% per cent. So far, among all the indices tracked by tickerspy.com, China's online gaming stocks index is one of the 10 worst performers in the past one months. The shares of NetEase (Nasdaq:ntes), which Rose 8% in the past one months, are among the first in China's online gaming stocks, mainly because of World of Warcraft's return to Operation last fall. In other Chinese online gaming stocks, the NYSE:GA and giant network of Taiwanese games operators in Taiwan have also performed well over the past one months. (Tangfeng)
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