Topeka Capital Market launches research report today

We reiterate the "buy" rating of the NetQin stock, while keeping its target price unchanged at USD 33.50. The stock is under pressure today due to false information in a Wall Street Journal report. According to the latest news from NetQin, the company has two new revenue growth opportunities in gaming and mobile device services. The network Qin Zheng is continuing to expand its growth plan, which is driven by products, services and geographic markets.

Performance expectations:

Topeka Capital Markets currently forecast that the Net Qin 2013 fiscal year in the third quarter revenue of 50.8 million U.S. dollars, higher than the same period of 25.8 million U.S. dollars last year, the quarterly revenue of 61.3 million U.S. dollars, higher than the same period last year 30 million dollars , with a revenue of $186.6 million for the entire 2013 fiscal year, more than 91.8 million dollars in fiscal year 2012. Topeka Capital Market also expects that the Net Qin 2014 fiscal year revenue is 275.5 million US dollars.

Topeka Capital Markets currently forecast that the net-Qin 2013 fiscal year in the third quarter of 27 cents per share, higher than the same period last year 16 cents, earnings per share in the quarter of 31 cents, higher than the same period last year 23 cents, the entire 2013 fiscal year earnings per share of 1.04 U.S. dollars, more than 2012 cents Topeka Capital Markets also estimated that the net-Qin 2014 fiscal year earnings per share of 1.34 U.S. dollars.