Deutsche Bank maintains grand games hold rating target price unchanged

Sina Science and technology news Beijing time August 23 afternoon, Deutsche Bank published a research report today to maintain the Grand game (Nasdaq:game) stock "holding" (Hold) rating, as well as the 6.52 dollar target share price unchanged. The following is a summary of the report: we expect the Grand game to achieve a total revenue of 1.317 billion yuan in the second quarter of the 2011 fiscal year, above the average estimate of 1.281 billion yuan for analysts. We expect the company to achieve operating profit of 375 million yuan, below the analyst 380 million yuan average expectations.　　Shanda Games will be announced in Beijing time August 24 9 o'clock in the morning the second quarter results. "Dragon Valley" recently won three awards for the Asian Online Gaming awards. According to our proprietary online gaming database, "Dragon Valley" is one of the top ten most popular online games in the second quarter of the Chinese market. We believe that the "Dragon Valley" will remain a stable source of income for the company. Shanda Game CEO Tan announced in ChinaJoy, the company will be in North America on July 27, the "Dragon Valley", and will be in the near future to Singapore for testing.　　We believe that the company is exploring overseas large multiplayer online action game market. "Star Change" June identified a number of design flaws, the use of these defects, the player can be repeated requests to win the game currency, and the game's currency engine temporary failure. The company fixed the defect within 24 hours and closed 5,000 accounts. Shanda said that despite this design flaw, in terms of daily income, "star change" is still one of the five biggest online games in China. As of June 10, the social network of star change attracted more than 5 million registered users, thanks to a number of novel social functions. We expect the company to launch more social functions for existing games and new games, taking full advantage of the popularity of social interactions among existing users.　　The company will release a new piece of the game in the third quarter. We still maintain the "hold" rating of the unit and the 6.52 dollar target share price unchanged. (Si yuan)