Morgan Stanley to set a grand game rating for overweight

Beijing time November 28 morning news, according to foreign media reports, Morgan Stanley analyst Lisa Yuan Friday to the Grand Game (Nasdaq:game) stock rating for the initial "overweight" (overweight). Lisa Yuan said the fair value of the US depository receipts for Shanda Games was $14.10 trillion, above the Wednesday closing price of $10.36.　　She predicts that China's online gaming market will grow by 20% to 25% a year over the next three years, and that the growth of Shanda is consistent with overall growth in the industry. Lisa yuan points out that, based on the 2010-year earnings forecast for Shanda, Shanda Games has a 12 times-fold earnings ratio and a 0.5 increase in the market.　　In the next 12 months, she predicts, the release of the new Games "may spur the grand gaming share price" higher. Lisa Yuan also pointed out that by sales, Shanda is China's second-ranked online gaming company, with a "broad" product portfolio, currently running more than 30 online games, in addition to 24 are under development.　　She also pointed out that, according to the revenue calculation, the grand game under the operation of "blood legend" is the most popular game in China, and has introduced a number of subsequent versions to extend the game's life. On the same day, as of 11:26 Eastern Time (Beijing time 28th), Shanda game shares fell 0.16 U.S. dollars to 10.19 U.S. dollars, a 1.55% decline. In the past 52 weeks, Shanda's game has a top price of $13.00, with a minimum price of 8.76 dollars. (Tangfeng)