Chinese concept stocks rose 13.9% in Friday Phoenix New Media

Source: Internet
Author: User
Keywords Sina Youku
NetEase Science and technology news November 16, the U.S. stocks in Friday, the S & P 500 index and the Dow again hit a close point high. Investors were encouraged by the Yellen of the Federal Reserve Chairman, who supported the agency's stimulus package. As of the close, the Dow Jones Industrial Average closed at 15,961.70 points, up 85.48 points, or 0.54%. The standard and poor 500 index closed at 1, 798.18 points, up 7.56 points, or 0.42%. The Nasdaq composite index closed at 3,985.97 points, up 13.23 points, or 0.33%. Chinese concept stocks rose in Friday. 20 stocks rose more than 3%, of which 6 rose above double digits. Dangdang (Nyse:dang) rose 10.23%, Noah Boat (nyse:ned) rose 11.03%, Youku (Nyse:yoku) rose 11.15%, such as Home (Nasdaq:hmin) rose 11.17%, Phoenix New Media (NYSE: FENG) rose 13.97%, while the Chinese media (NASDAQ:VISN) Rose 20.36%. 3 stocks fell by more than 3%. Easy to live in China (Nyse:ej) fell 8.41%, ranked the forefront of the decline. China Hand Tour (NASDAQ:CMGE) today released the unaudited financial report for the third quarter ended September 30, 2013. The report said that China's hand tour to achieve revenue of 98.1 million yuan (about 16 million U.S. dollars), an increase of 125% per cent, the net profit of 25.6 million yuan (about 4.2 million U.S. dollars) after a share of profits of 0.98 yuan (0.16 U.S. dollars), the year-on-year increase of 15 times times. China Hand Tour (NASDAQ:CMGE) announced today that the company has signed an agreement to issue US depository shares (ADS) in private placements at a price of USD 14.50 per US depository, with a total income of about $16.4 million before deducting the relevant fees. The proceeds of this issue are equivalent to 4.1% of the company's issued share capital (including this income). The National Social Security Fund Council and the bank Credit Suisse Asset Management (International) Co., Ltd. will buy 1,035,000 shares of the United States depository shares; ICBC Credit Suisse Global China Opportunity Equity Fund and ICBC Credit Asset Management Co., Ltd. will buy 88,000 shares of U.S. depository shares. ICBC Credit Asset Management (International) Co., Ltd. will buy 10,350 shares of the United States depository shares. The company intends to use the net income of this issue to purchase third party game copyrights and intellectual property, develop products, strengthen research and development, expand sales and distribution channels, and use for general purpose of the company. The unit today closed at $18.28 per share, down 0.76 U.S. dollars, or 3.99%. Sina (Nasdaq:sina) today priced the company's 700 million-dollar premium convertible bond. The high-level convertible bills are due to expire in 2018 with an annual interest rate of 1%, and two payments annually, June 1 and December 1. Sina will give initial buyers a 30-day superThe option of placing options allows for the purchase of up to 100 million dollars of advanced convertible bills. Each 1000-dollar bill can be converted to 8.0841 shares of Sina's common stock (about 123.70 U.S. dollars per common stock, up 45% from the company's closing price of 85.31 dollars on November 14). The unit today closed at $85.05 per share, down 0.26 U.S. dollars, or 0.3%. Youku Potato Group (Nyse:yoku) posted its unaudited financial report for the third quarter of 2013 after yesterday's panel. Earnings showed that in the second quarter of 2013, the group consolidated net income amounted to RMB 857.7 million (USD 140.2 million), a 14% increase from the second quarter of 2013, and a net loss of 218.6 million yuan (35.7 million USD). The unit today closed at $29.30 per share, rising 2.94 U.S. dollars, or 11.15%. The Phoenix New Media (Nyse:feng) will make money from its mobile platform, according to JPMorgan analysts. The company's third-quarter mobile ads grew 160% per cent year-on-year, with total advertising revenues rising to 10% from 2% in the first quarter of 2012. The analyst argues that mobile advertising is currently priced 10% lower than traditional PC ads because advertisers are not enthusiastic about the former and lack the credibility of third-party effect monitoring software. It is believed that these problems will be improved in the next 12-18 months, thus strengthening the demand for advertising. JPMorgan's rating of Phoenix's new media was "buy", raising its target share price from $14 to $15. The unit today closed at $10.36 per share, rising 1.27 U.S. dollars, or 13.97%. Yongxin (NYSE:STV) announced today that the company's director, Hsiang Ming Ho, resigned as director on November 13. Andrew Y.yan was appointed as director of the company by the Board of directors and the nominating committee. The unit today closed at $2.01 trillion, rising 0.03 U.S. dollars, or 1.52%. Institutional Brean Capital has raised its nasdaq:hmin target share price from $42 per share to $50. The agency gave home a "buy" rating, thinking that the company expected strong and profit margins in the fourth quarter, and that the store plan was accelerating. The unit today closed at $41.31 trillion, rising 4.15 U.S. dollars, or 11.17%. Abinadab)
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.