Morgan Stanley grants a cruise to overweight rating

Sina Science and technology news Beijing time August 19 afternoon, Morgan Stanley today issued an investment report, awarded to the "overweight" (overweight) rating, the industry outlook is "attractive." The following is a summary of the report: in absolute terms, we think that the share price will rise in the next 60 days, due to the following 4 points: 1 for the current 2012-year tour is only 7 times times, excluding cash for 6 times times, far lower than the peer and its historical valuation; 2 because of "The Deer Ding Kee" public test,　　The tour adds 10 groups of servers to meet the player's soaring needs; 3) In our view, "Deer Ding" may become a new blockbuster game, the reason is that the game lasted 4 years of development, is the Chinese online games industry development Cycle is one of the longest game, 4 of net cash to reach 414 million U.S. dollars, accounting for its market value of 22%.　　We expect the above expected implementation to be more than 80% or "very likely". We have given the "overweight" (overweight) rating of the tour stock and the industry outlook is "attractive". (Xuan Chen)