earnings good today. might be the start of an uptrend. from what i see in earnings report seems most segments did well. at now about $3.50 i think it might be a good risk/reward play. the options or the stock look attrative equally.
Edit of the Thread Name, "CHINA - on the brink of a breakout"
These types of messages in your thread heading become out of date as time passes.
Thank You,
setravis
newswire report....
CDC CORPORATION (CHINA)
Swung to a slight second-quarter profit from a
year-earlier loss, as software revenue jumped 76%,
thanks largely to an acquisition. Also said
restructuring plans may hurt its financial results in
the near term.
Price: $3.52
Net Change: $0.32
% Change: 10.00% Gain
Volume: 4.1M Shares
CHINA reported strong results last week and today it announced a major software license win. Anyone care to comment on China?
Pivotal Wins Another Major Software Award in the Homebuilding Industry
Tuesday August 23, 6:00 am ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 23, 2005--Pivotal Corporation and CDC Corporation (NASDAQ:CHINA - News) -
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Constructech Magazine votes Pivotal Homebuilder Front Office one of the hottest technologies available to US homebuilders
Pivotal Corporation, a leading CRM solution provider for mid-sized enterprises and a subsidiary of CDC Corporation, today announced that Pivotal Homebuilder Front Office is the only enterprise-caliber CRM system selected as one of Tech's Hottest by leading residential construction publication Constructech Magazine.
Constructech Magazine is a magazine that is uniquely focused on the construction marketplace, providing industry professionals with the expert business, automation, and technology perspective necessary to make sound decisions that ultimately improve bottom-line results. The annual Constructech Tech's Hottest Award recognizes companies developing products that best support the homebuilding industry - enabling builders to achieve new levels of operational efficiency, profitability and homebuyer loyalty. Winning products were selected based on criteria including revenue growth, recent client wins and feedback from Constructech homebuilding technology experts.
"In our search for the hottest technologies available to homebuilders, we identified two key categories; new products that show great potential and products that are already producing very compelling return on investment for forward-looking builders," said Peggy Smedley, editorial director, Constructech Magazine. "Pivotal is clearly in the latter category - having worked with the nation's top builders to develop a system that is now making significant improvements in the way they operate their businesses and create life-long relationships with their customers."
Recently named a TecHome Builder High-Impact Product of the Year by TecHome Builder Magazine, this latest award from Constructech Magazine further demonstrates that Pivotal Homebuilder Front Office is the CRM system of choice for leading US volume homebuilders. It is the only software system designed specifically to handle the complete sales and service cycle of America's volume homebuilders - from the first indication of interest on a corporate Website to handling a service request years after a home purchase. It is built on a flexible, enterprise-level CRM platform - enabling rapid integration and close fit with company-specific processes. It also features extensive integration to Microsoft Office, including Outlook, and a user-friendly application with workflow designed to meet the way homebuilders operate.
According to Bruce Cameron, senior vice president, North American sales, Pivotal, "Being selected among the hottest products available to homebuilders is especially rewarding because it is recognition of both our strong momentum in the homebuilding industry and the results our customers are achieving using Pivotal Homebuilder Front Office. New product innovations and strategic industry alliances such as our recent agreements with New Home Technologies and Pervasive Software have us well positioned for continued success in this exciting market."
To learn more about how Pivotal Homebuilder Front Office please visit: www.pivotal.com/products/realestate/pivotal.asp.
About Pivotal Corporation
Pivotal Corporation, a software unit of CDC Corporation (NASDAQ:CHINA - News), is a leading CRM company that is 100 percent purpose-built to serve the demanding requirements of mid-sized enterprises - a powerful, highly flexible application platform, a complete set of CRM applications, and low-cost, results-producing implementation services. Pivotal delivers software and services that are designed to produce meaningful increases in revenues, margins and customer loyalty for companies and business units in the revenue range of $100 million to $3 billion. More than 1,800 companies around the world have licensed Pivotal including: Farm Credit Services of America, WCI Communities, Premera Blue Cross, Qiagen, AvMed Health Plans, Sharp Electronics Corporation, and WellCare Health Plans.
Pivotal's complete CRM software suite includes a powerful application platform and additional capabilities in contact centers, partner management and interactive selling.
About CDC Corporation
CDC Corporation (NASDAQ:CHINA - News) is focused on enterprise software, business services, mobile applications and internet media. The company has approximately 1,800 employees with operations in 14 countries.
For more information about CDC Corporation, please visit the website www.cdccorporation.net.
Found this on another board. I forgot to mention that CHINA has over $2/share?? WOW!!
CDC Corp unveils new online game revenue model (CHINA 2Q05 conf call quotes)
CDC Corporation (ticker: CHINA) reported Q2 2005 earnings results last week. CEO Raymond Ch'ien discussed CHINA's new online game and future guidance during management's earnings results conference call:
On CHINA's New Online Game
....China.com Inc.'s 48%-owned online game company, 17game, launched a new game called Yulgang. Since Yulgang's commercial launch in July 2005, peak concurrent users have exceeded 160,000 and there are over 6 million registered users. We expect this growth momentum to continue. Unlike traditional online game revenue models, game players of Yulgang buy virtual merchandise and services from the online game shop rather than paying for time spent on the game itself. This particular model, while having proven successful in Korea, is new to China and we are pleased to be a pioneer in this.
On General Guidance
....Our key strategic priorities and areas of focus for the rest of 2005 are our enterprise software and mobile value-added services businesses, as well as our games and advertising and marketing business, which includes the China.com portal.
....These initiatives may result in an adverse effect to the financial results for the Company in the last two quarters. However, we do foresee that these actions will positively impact our results in 2006 and beyond.
(Quotes are from the CCBN StreetEvents transcript.)
FY 2005 Guidance
Revenue of $240 - $260 million vs consensus estimate of $231.9 million.
Software revenue of $160 - $175 million.
Non software revenue of $80 - $85 million.
Gross profit of $135 - $145 million.
Gross margin of 50% - 55%.
CHINA bounced off it's 100 DMA. Check it out. Would appreciate any TA. ;)
poorman1
Poorman,
Symmetrical Triangles usually resolve in the direction of the trend, which for CHINA, is bearish.
CHINA broke below a Symmetrical Triangle on August 30 on fairly heavy volume. 4.2 million shares, which is 2½ times average daily volume. The pattern resolution was bearish.
Since the break, CHINA has been rallying back to the bottom of the broken pattern on volume under a million shares, with the exception of yesterday. Volume was average: 1.5 million shares. That's called a "reflex rally." Since the breakdown, the stock has been scrambling to get back inside the pattern, almost by reflex. "Clawing it's way back," so to speak.
CHINA now is sitting just below the bottom of the broken pattern. Still bearish. Neutral if it can close back inside the triangle. If CHINA can take out the top of the Ascending Triangle, it would look alot better.
Good luck with all of your trades!
has it taken out top of ascending triangle? now at 3.16 +0.19 on the day. also it could be running because its subsidiary in hk, china.com ran up 40% on the week and thinking of listing on nasdaq.
Quote from: catrader on September 16, 2005, 02:11:27 PM
has it taken out top of ascending triangle? now at 3.16 +0.19 on the day. also it could be running because its subsidiary in hk, china.com ran up 40% on the week and thinking of listing on nasdaq.
Catrader,
The bottom of the broken Symmetrical Triangle comes in today at about 3.16, so CHINA is right at resistance, trying to get back inside the triangle. That would put me neutral on it. MACD is below the signal line, though, and also below zero. Don't like that. If it can get back above the signal line, that would be neutral, too, in my view.
Interesting that on the Ichimoku Kinko Hyo chart, the Kumo (cloud) is at 3.10-3.19. The cloud is the vertical green lines. If CHINA can close above that, it's a positive. Personally, I don't like the chart well enough to buy it, though.
This may help the breakout scenario or may be a sell on news chance. I don't know but I am bullish long-term.
http://biz.yahoo.com/bw/050920/205180.html?.v=1
Pivotal Expands Strategic Alliance with Microsoft
Tuesday September 20, 6:00 am ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 20, 2005--Pivotal Corporation and CDC Corporation (NASDAQ:CHINA - News) -
ADVERTISEMENT
Companies collaborate to launch global initiative focused on manufacturing, financial services and healthcare insurance markets
Pivotal Corporation, a leading Customer Relationship Management (CRM) solution provider for mid-sized enterprises and the CRM division of CDC Software, the enterprise software company of CDC Corporation, today announced the expansion of a long-standing strategic alliance with Microsoft Corporation. The expansion includes new initiatives designed to increase adoption of Microsoft and Pivotal technologies in the manufacturing, financial services and healthcare insurance markets.
"Microsoft continues to strengthen its relationship with Pivotal because of Pivotal's deep focus on developing Microsoft-based solutions. The company has gained considerable momentum in the manufacturing, financial services and healthcare insurance verticals, and as a part of a multinational corporation, Pivotal can help increase adoption of Microsoft .NET technologies outside of North America," said Rob Bernard, general manager, developer and platform evangelism, Microsoft Corp. "For more than 11 years, Pivotal has visibly demonstrated its commitment to the Microsoft platform. We look forward to continued collaboration and to increased joint momentum in building vertical-based industry solutions."
Since 1996, Microsoft and Pivotal have engaged in joint business development activities that have produced more than 1800 joint customers around the world. Recent co-marketing engagements in 2005 include: Pivotal's participation with Microsoft in a six-city tour for the Get Ready for SQL Server 2005 Roadshow; Microsoft's sponsorship of Pivotal's Homebuilder User Group Meeting in Dallas on May 25 and 26; a jointly sponsored event featuring Gartner analyst Janice Young on June 8; and Microsoft's participation in several educational Web events for the financial services and healthcare insurance markets.
Pivotal and Microsoft's latest set of initiatives are centered on the manufacturing, financial services and healthcare insurance markets, all fast-growing markets with unique customer relationship management requirements. The companies are collaborating closely on a series of co-development, co-marketing and co-selling activities.
In addition, Pivotal and Microsoft are working together to increase awareness and adoption of Microsoft .NET technologies including Microsoft SQL Server 2005, SQL Server 2005 Analysis Services, Office 2003, the forthcoming Microsoft Windows Vista (the next version of the Windows operating system), Visual Studio 2005, and Windows Communication Foundation, a set of .NET technologies for building and running connected systems. Pivotal CRM solutions will be fully optimized to bring customers the increased performance, security, scalability, interoperability and usability benefits of the .NET technologies.
According to Rick Marquardt, president, Pivotal, "With more than 1800 joint customers worldwide Pivotal has a long-standing history of technology innovation with Microsoft's platform and extensive product line. Through this expanded agreement we will combine Microsoft's powerful .NET platform and Pivotal's industry-specific CRM applications to continue to provide our customers with superior performance, security features, usability, interoperability and scalability. We are pleased to be joining with Microsoft on this wide-reaching global partnership which embraces all aspects of our business, from research and development to go-to-market activities."
Added Bruce Kenny, senior vice president, products, Pivotal, "Our partnership is based on a shared commitment to Web services as the foundation for the next generation of enterprise software. Pivotal's roadmap calls for even deeper integration between Microsoft .NET and the Pivotal platform and applications, continuing our commitment to deliver the richest and most flexible business-critical CRM applications and technologies running in collaboration with Microsoft .NET. Additionally, Pivotal's Microsoft-based solutions will greatly enhance access to Pivotal functionality for developers using Microsoft Visual Studio .NET and will increase the interoperability between Pivotal solutions and the Microsoft Office System."
According to Randy Heffner, vice president, Forrester Research, ".NET represents a big architectural change for Microsoft's customers, and it is very much to Microsoft's credit that it successfully kept and grew its customer base during the transition. That 56% of firms do most development on .NET is truly impressive. How did Microsoft do it? Forrester clients often cite Microsoft's great development tools as a reason they use .NET."
- Forrester Research, Inc. ".NET Versus J2EE: .NET Has Clearly Arrived," Randy Heffner with Carey E. Schwaber and Mike Gilpin, September 1, 2004
About Pivotal
Pivotal Corporation, a software unit of CDC Corporation (NASDAQ:CHINA - News), is a leading provider of customer relationship management (CRM) applications to help organizations create superior customer experiences. Pivotal's CRM applications offer rich functionality, a highly flexible application platform, a full application suite, and best-in-class customization abilities, all with a low total cost of ownership. Pivotal delivers software and services that are designed to produce meaningful increases in revenues, margins, and customer loyalty. More than 1,800 companies around the world have licensed Pivotal, including Farm Credit Services of America, WCI Communities, Premera Blue Cross, Qiagen, AvMed Health Plans, Sharp Electronics Corporation, and WellCare Health Plans.
Pivotal's complete CRM software suite includes a powerful application platform and additional capabilities in analytics, mobile CRM, and partner management.
Up 15% on heavy volume in pre-market because of it's online gaming subsidiary registered user growth rate.
China.com Inc.'s Online Game Subsidiary Achieved 9 Million Registered Accounts and 215,000 Highest Peak Concurrent Users After Two Months of Commercialization
Wednesday September 28, 8:52 am ET
HONG KONG, Sept. 28 /Xinhua-PRNewswire/ -- China.com Inc. (the "Company" or "China.com"; Hong Kong Stock Code: 8006), an 81%-owned subsidiary of CDC Corporation (Nasdaq: CHINA) today announced that the Company's 48%-owned online gaming subsidiary, Beijing 17game Network Technology Co. Ltd. ("17game"), has achieved over 9.0 million registered accounts to its game, Yulgang -- just two months following the game's commercial launch on July 15, 2005. Yulgang is a massively multiplayer online role-playing game (MMORPG) with 2.5D graphics and cartoon-style characters developed by MGame in Korea. The remaining 52% of 17game is owned by 17game's founders and employees and the Company has a right to buy these remaining shares of 17game that it does not otherwise own.
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Since the game was launched commercially in mid July, it has reached its highest level of concurrent users during peak usage periods of over 215,000. 17game has pioneered the "free-to-play and pay-for-virtual-merchandise" business model for MMORPGs in China, and the company expects to see further traction in the coming quarters.
17Game continues to remain dedicated to delivering unparalleled service to Chinese gamers with fully localized content and expanded around-the-clock customer support. 17game is expanding its online and offline promotions and marketing initiatives to target additional user demographics and geographic regions.
"We are very extremely pleased with the promising results of Yulgang during the first two month of commercialization. We believe that the game has established itself as one of only two successfully launched MMORPG in China this year and is now one of the top five such games in the market today," said Rudy Chan, CEO of China.com Inc. "We are encouraged by the initial success of Yulgang, and will further invest additional resources to ensure further traction in the coming quarters."
I saw it trading near the 3.79 resistance level in pre-market. Thanks for the news. Applause.
More news... CHINA.com seeking U.S. listing as an ADR. IMO This will dramatically increase shareholder value. We'll see.
CDC Corporation subsidiary, China.com Inc., seeking to establish an ADR program in the United States
Thursday September 29, 7:13 am ET
HONG KONG, Sept. 29 /Xinhua-PRNewswire-FirstCall/ -- CDC Corporation (Nasdaq: CHINA; www.cdccorporation.net ) today announced that its 81% owned subsidiary, China.com Inc., currently listed in Hong Kong on the Hong Kong Growth Enterprise Market under the ticker symbol 8006, is seeking to establish a sponsored Level 2 American Depositary Receipts ("ADR") program in the United States. The establishment of the ADR program is subject to regulatory approvals and market conditions and there is no assurance that China.com Inc. can successfully complete the establishment of the ADR program.
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The company is embarking on this initiative as part of its strategic review to enable many of its US-based investors to more easily invest directly in its China-based Mobile Value Added Services ("MVAS"), Internet services and online game company, China.com Inc. Once the ADR program is in effect, it would enable CDC to provide greater flexibility with respect to its shareholdings in China.com Inc. such as distributing a stock dividend of all or a part of its China.com Inc. shares to CDC shareholders.
As of September 29, 2005, China.com Inc. had a market capitalization of US$375.5 million on the Hong Kong Growth Enterprise Market with an average daily volume of approximately 38 million shares for the past 10 trading days. This is based on an exchange rate of US$1 to HK$7.76 and total outstanding shares of approximately 4.16 billion. As of the end of Q2 2005, the company projected that its 2005 aggregate revenues will be US$240 million to US$260 million of which approximately 15%-20% was anticipated to be derived from China.com Inc with the balance from its CDC Software unit. While the company is subjected to various Non-GAAP adjustments most of which relates to its purchase of subsidiaries, the China.com Inc. and CDC Software units have been operating profitable for 2005 and China.com Inc. is on its 21st consecutive quarter of profitability. The Non-GAAP cash and cash equivalents net of total debt as at Q2 2005 was approximately US$221 million of which approximately one half was within China.com Inc.
"The introduction of a China.com Inc. ADR program would provide greater flexibility to our investors by creating a US dollar investment vehicle that we feel would help to put China.com Inc. on a level footing with many of its US-listed peer companies. This is a key step in our strategic review as we believe an ADR program would measurably improve the ability of our China.com Inc. subsidiary to access a greater range of global investors and further broaden its shareholder base as well as provide greater value to CDC shareholders," said Steven Chan, Acting CEO of CDC Corporation.
The trend of this CDC looks very promising. I am not sure how long can it sustain. Probably it's strength will be its quarter earnings.
Anybody knows when will be the next quarter report earnings for CDC???
Cheers!
4th of November will be the CHINA earnings announcement...
Cheers!
CHINA (CDC) breakout and it surpasses the 3.5 barrier. It's online gaming brings back its revenue into a far most outstanding pride. Could this be a bull trap or its already on its way up??? ???
It's earnings would be out before the Thanksgiving day. Anybody has a clearer Techinical Analysis that could define that it is the time for CHINA (CDC) to go up?
Its MACD seems to be very promising...
Press Release Source: Pivotal Corporation
Vantage Credit Union Selects Pivotal Financial Services
Tuesday November 22, 6:00 am ET
Leading Midwest community credit union manages relationships with more than 80,000 members using Pivotal
VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 22, 2005--Pivotal Corporation, a leading Customer Relationship Management (CRM) solution provider and the CRM division of CDC Software, the enterprise software company of CDC Corporation (NASDAQ:CHINA - News), today announced that Vantage Credit Union, a leading Midwest community financial institution, has selected Pivotal Financial Services to help manage relationships with the firm's 80,000 members. Pivotal was selected over leading CRM suite solutions for its industry-specific functionality, best-in-class flexibility and strong mobile capabilities.
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Vantage Credit Union, headquartered in Bridgeton, Missouri, is a full-service, not-for-profit financial cooperative that provides banking, insurance, mortgages, and investment services to an active membership of over 80,000 people. Over the past five decades, Vantage has grown from a small, local credit union to one of the largest community credit unions in the Midwest. Recently, Vantage has experienced accelerated growth and success due to its focus on providing superior personal service and value to its members, adding more convenient branch locations, and offering an expanding portfolio of products and services. With membership growing at a rate of more than 1200 new members per month and plans to open a series of new branches, Vantage Credit Union needed to centralize all member information in a single system to maximize member service, retention and per-member profitability.
To address this requirement, Vantage required a flexible, easy-to-use CRM product with built-in support for their member service processes. After a cross-departmental review of leading systems, Vantage Credit Union selected Pivotal Financial Services for its industry-specific functionality, best-in-class flexibility and strong mobile capabilities.
"As a leading community credit union, one of our primary differentiators over larger, publicly-traded financial institutions is the intimate, personalized member experience we are able to provide," said Eric Acree, executive vice president, Vantage Credit Union. "Our CRM strategy will allow us to use make better use of the critical member information that is flowing through our business everyday. We are very excited to be working with Pivotal. No other CRM provider offered out-of-the box financial services CRM functionality as well as the flexibility to further tailor the system to closely match our member service processes."
With Pivotal Financial Services, Vantage Credit Union will be able to better integrate the efforts of all staff that contribute to each credit union member's unique profile - increasing member satisfaction, retention and individual profitability. Pivotal Financial Services gives all member-facing Vantage employees immediate access to each member's complete profile including key financial information on net worth and all Vantage relationships; demographic information such as age, income, links to real time banking information; life information such as life stage, life events and responses to them, as well as short and long-term goals. Using Pivotal's best-in-class mobile synchronization capabilities, traveling financial advisors will begin to capture additional member information and provide responsive, intelligent service while on the road visiting credit union members. And, with Pivotal's flexible relationship model, Vantage can quickly assess relationships between credit union members and determine their level of influence over the financial activities of other members - allowing Vantage to better understand the member's true value.
According to Rick Marquardt, president, Pivotal, "It is such a pleasure to work with organizations that can clearly articulate a strong vision for customer relationship management. Leaders like Vantage Credit Union already have the people, processes and principles in place to succeed. All they need is the right supporting technology, carefully considered and deployed in smart, prioritized phases. By selecting Pivotal Financial Services which is designed specifically to handle the unique relationship management requirements of financial services firms, the company is further differentiating itself on the high-quality experience it provides for its members."
About Pivotal
Pivotal Corporation, a software unit of CDC Corporation (NASDAQ:CHINA - News), is a leading provider of customer relationship management (CRM) applications to help organizations create superior customer experiences. Pivotal's CRM applications offer rich functionality, a highly flexible application platform, a full application suite, and best-in-class customization abilities, all with a low total cost of ownership. Pivotal delivers software and services that are designed to produce meaningful increases in revenues, margins, and customer loyalty. More than 1,800 companies around the world have licensed Pivotal, including Farm Credit Services of America, WCI Communities, Premera Blue Cross, Qiagen, ESRI, AvMed Health Plans, Sharp Electronics Corporation, and CMS Cameron McKenna.
Pivotal's complete CRM software suite includes a powerful application platform and additional capabilities in analytics, mobile CRM, and partner management. For more information about Pivotal Corporation, please visit www.pivotal.com.
About CDC Corporation
CDC Corporation (NASDAQ:CHINA - News) is focused on enterprise software, mobile applications and online games. As part of its strategic review the company has reorganized into two primary operating business units, CDC Software and China.com Inc.
About CDC Software
CDC Software, the software unit of CDC Corporation, offers a broad range of software solutions for mid-sized enterprises. These products are utilized by approximately 3,500 customers worldwide.
For more information about CDC Corporation and CDC Software, please visit the website www.cdccorporation.net.
Here's the chart. Fundamentals excellent. Technicals?
Quote from: Melf Elf on September 28, 2005, 09:28:06 AM
I saw it trading near the 3.79 resistance level in pre-market. Thanks for the news. Applause.
poorman,
CHINA looks much better than when we last discussed it on September 28. I didn't like the "gap to crap" opening on that day. It subsequently came back and filled that gap, and more.
CHINA now has a nice 9-month base below 3.94-3.96 resistance. Volume yesterday was nice.
A nice place to buy this one would have been last week, in the 3.20s-3.50s. I wasn't watching it, and missed the opportunity.
If you already own it, I'd say that you're in good shape for a breakout above 3.94-3.96.
Applause for your post.
Quote from: macaddictsg01 on November 19, 2005, 08:49:39 PM
CHINA (CDC) breakout and it surpasses the 3.5 barrier. It's online gaming brings back its revenue into a far most outstanding pride. Could this be a bull trap or its already on its way up??? ???
It's earnings would be out before the Thanksgiving day. Anybody has a clearer Techinical Analysis that could define that it is the time for CHINA (CDC) to go up?
Its MACD seems to be very promising...
macaddicts,
Applause...that was a very timely post. The pullback to 3.50 on Monday, after your post, would have been a nice entry.
CHINA closed yesterday at 3.87, and is called to gap higher at the open, above 3.94-3.96 resistance. On a gap up opening, I always ask myself if looks like a "Gap To Crap," (a gap up that fades that day, or a gap up that gets filled later on...liike the September 28 gap in the chart above), or could it be a "Gap and Go" ( a breakway gap away from a pattern, or above an area of resistance.
The latter seems more likely. Everyone who has bought CHINA since January, 2005 will be in the black at the gap up open. They won't likely be sellers here.
CHINA currently is indicated BID 3.98..ASK 3.99. Yesterday's high was 3.96, so it isn't "too much" of a gap, if it opens near the indication.
Bought CHINA at 4.00.
I'm in @ 3.89, looks like the bottom might be in. Anything to do with China will be hot for awhile after Bush's visit. Even my NASI is up 5 1/2% on 16000 volume. ;D
I've joined you guys at $3.90. :) Looks like demand is starting to pick up. As always, thanks for the analysis, Melf.
Last time (If i am not wrong, its last June or Jluy 2005), David Randolph predicted the peak of IIJI-and it was precisely hit the date of peak. Can we have such concrete analysis when will be the peak of this CHINA?
The OPTION trading that will expire on Jan 16, 2006 is ranging from 2.5 ~ 20.00. This could be a misleading path.
After Bush visit here in my nearby country, Chinese currency has a high possibility to be adjusted up against USD. Gamers here in Asia Pac are growing rapidly. These info does make sense, but Techinical Analysis are far better than these messages depicted across newspaper here in Asia.
Any insights are very much appreciated.
ciao!
Hmmm... Spoke too soon. Selling off now...
Now maybe we found the bottom. Bought more and averaged down to 3.82.
Quote from: Melf Elf on November 23, 2005, 09:19:02 AM
If I use a tick below the low of yesterday's big white candlestick basis the hourly chart,
which was 3.53 (so a print of 3.52), I lose 12%.
CORRECTION: The low of that candlestick was 3.52, so my stop is a PRINT of 3.51.
DRAT!
I just made a correction to my rather lengthy explanation of this trade, and I deleted the entire analysis. Sigh...
Bottom line was, I'm using the low of yesterday's big white candlestick as my stop. The low was 3.52. My stop is a PRINT of 3.51.
Sorry. This is one of those days...trying to focus on too many things at once.
http://charts-d.quote.com:443/987073757410?User=demo&Pswd=demo&DataType=GIF&Symbol=NASDAQ:CHINA&Interval=60&Ht=400&Wd=600&Display=2&Study=MACD&Param1=12&Param2=26&Param3=9&FontSize=9
Quote from: Melf Elf on November 23, 2005, 03:07:20 PM
DRAT!
I just made a correction to my rather lengthy explanation of this trade, and I deleted the entire analysis. Sigh...
Bottom line was, I'm using the low of yesterday's big white candlestick as my stop. The low was 3.52. My stop is a PRINT of 3.51.
Sorry. This is one of those days...trying to focus on too many things at once.
http://charts-d.quote.com:443/987073757410?User=demo&Pswd=demo&DataType=GIF&Symbol=NASDAQ:CHINA&Interval=60&Ht=400&Wd=600&Display=2&Study=MACD&Param1=12&Param2=26&Param3=9&FontSize=9
Haha, sometime you just have days like that. ;) I decided to lighten up my portfolio today so that I could focus more on the stocks I have. Unfortunately, I picked the wrong stocks to hang onto and the wrong ones to buy. >:( So much for a profitable Christmas... There's always next year!
I guess looking on the bright side, we have 5 days of higher highs and higher lows. :D Haha, just trying to cheer myself up. :'(
Stopped out on this morning's print of 3.51. Loss: 12%.
Quote from: basonista on November 23, 2005, 03:34:27 PM
So much for a profitable Christmas...
Basonista, don't worry...I'll make sure that Santa is good to you. ;D
Quote from: Melf Elf on November 25, 2005, 09:40:40 AM
Stopped out on this morning's print of 3.51. Loss: 12%.
Quote from: basonista on November 23, 2005, 03:34:27 PM
So much for a profitable Christmas...
Basonista, don't worry...I'll make sure that Santa is good to you. ;D
Thanks for puttng in a good word for me with the big red guy up north, Melf. ;) As dumb luck would have it, I was setting my sell stop this morning for a sell at a print of 3.51 or less. Saw that buyers were building up at 3.50, went back to my browser to try to change the sell stop to 3.49 and found that I never confirmed the trigger so I'm still in it. I guess we'll find out if I was lucky or not. Wish I could have some of that luck when I sell a stock right before it spikes up! Hmmm, like DNAG is doing now, after selling it on Wednesday trying to cover some of my losses. :'(
Health Plan Shortens Sales Cycle by 50 Percent, Achieves 93 Percent Customer Retention Rate with Pivotal
http://biz.yahoo.com/bw/060117/20060117005496.html?.v=1
Anabolic Laboratories Decreases Expired Stock by 80 Percent and Saves $175,000 Annually with Ross Systems' iRenaissance
Business Wire (Tue 9:00am)
http://biz.yahoo.com/bw/060117/20060117005270.html?.v=1
Hi!
I have really no idea about the essence of this press release. However, I am still confident about the P&F Target of CHINA.
Hope we got a nice figure this coming Chinese New Year, the Year of the Dog.
Up another 10%.New 52 week high. I'm selling 1/2 of my position today. It might be a little overbought here.
Bid-4.27
Ask-4.28
Volume-1,780,000
Quote from: stocks2watch2 on January 19, 2006, 11:19:20 AM
Up another 10%.New 52 week high. I'm selling 1/2 of my position today. It might be a little overbought here.
Bid-4.27
Ask-4.28
Volume-1,780,000
s2w2,
Nice going. Applause.
The top of the channel is at 4.30...the intraday triangle on the 10-Minute chart also measures to 4.30.
Math for the triangle:
Recent high: 4.05
Low: 3.77
4.05-3.77= 0.28 pts, added to the breakout at 4.02 + 0.28 = 4.30
CHINA printed 4.40 so far today, but not a bad idea to sell some here.
CHINA CDC Software to acquire provider of on-demand supply chain planning solutions, JRG Software (4.16 0.26)
Co announced that it has signed a definitive agreement to purchase substantially all of the business assets of JRG Software a leader in on-demand supply chain planning solutions delivered as Software as a Service (SaaS). The transaction, which is expected to close by the end of the month, subject to various closing conditions, is anticipated to be highly accretive to CHINA through the current hosted service environment of JRG Software customers and through cross-channel opportunities in the global CHINA customer community of more than 4,000 companies worldwide.
China is expected a pullback. If so, I will buy some around $3.80
well subsidiary china.com did report good earnings earlier this week. So might be a buy here considering what it is in and its subsidiaries.
CDC Corp. (NASDAQ:CHINA - News) reports early tomorrow Tuesday; look for $0.08. CHINA's PowerRating is 3.
CDC Games Acquires PRC License for the No. 1 Online Game in Korea's Internet Cafes
Monday August 21, 7:19 am ET
http://biz.yahoo.com/prnews/060821/hkm002.html?.v=25
CHINA is kind of consolidating above the support line at the moment ;)
let see 9sma is catching up ;)
CHINA
CHINA - hit another 52week high ;) :D
This one looks very good. I might get in tomorrow. ;)
Strong Growth in Q3 for CDC Games' Yulgang
Tuesday October 10, 7:41 am ET
BEIJING, Oct. 10 /Xinhua-PRNewswire-FirstCall/ -- CDC Games, a business unit of CDC Corporation (Nasdaq: CHINA), today announced the company's current blockbuster online game in China, Yulgang, continues to enjoy strong growth in Q3 of 2006.
Building on 3 consecutive quarters of robust growth, CDC Games reported registered players of Yulgang was approximately 37 million at the end of Q3, an increase of 23% from Q2 of 2006. The number of items sold top 27.4 million, an impressive 29% growth from Q2. Average concurrent users remained healthy at 218,000, a slight drop from 235,000 at the end of Q2. The number of servers groups in China supporting the game grew to 54, a 13% increase from Q2.
During the recently concluded "Golden Week" in China (October 1 to 7), Yulgang's registered users increased to 37.3 million with average concurrent users growing to 245,000 and over 4 million items sold in the week.
"We are very pleased with the performance of Yulgang for the third quarter and the great start for the fourth quarter," said Dr. Xiaowei Chen, CEO of CDC Games. "It continues to be one of the most popular games in China and the growth in users and items sold even after a full year of operation shows that the future remains bright for Yulgang. With the launch of Special Force and Stone Age 2 early next year followed by The Lord of the Rings Online(TM): Shadows of Angmar(TM), we believe that 2007 will be a landmark year for CDC Games."
Customers of CDC Software's MVI Real-Time Performance Management Solution Win Prestigious Manufacturing IT Awards
Wednesday October 11, 7:58 am ET
Two Customers Receive Recognition in 2006 Best of British Manufacturing IT Award
ATLANTA & BIRMINGHAM, United Kingdom--(BUSINESS WIRE)--CDC Software, a wholly owned subsidiary of CDC Corporation (NASDAQ: CHINA - News) and a provider of enterprise software applications, today announced that two customers of its MVI real-time performance management (RPM) applications, including Amtico International, were recently recognized for significant achievements at the prestigious 2006 Best of British Manufacturing IT Awards.
CDC Software recently announced that it acquired MVI Technology, provider of the first RPM solution specifically designed for food & beverage and consumer products industries. This innovative solution enables manufacturers to merge automated shop floor data, quality process control and manufacturing performance dashboards as part of improved visibility and continuous improvement campaigns supported by a Six Sigma process.
One of MVI's customers was recognized in the Plant and Factory Improvement category for its transition from poor to excellent operation after its implementation of MVI Technology plant data capture and analysis system. The company supplies both branded and private-label food products. It has several lines filling single service sachets and sticks with sauces, condiments and vinegars and produces 900 million units a year. Previously, the company was using a manual system for quality control, especially in the area of check weighing. The company knew it was overfilling on some of its lines but the previous system did not allow for visibility into exactly how much giveaway was present. Within three months of implementing the MVI Technology solution, the company saw significant improvements in its plant operations and had completely solved the overfilling problem.
Amtico International was highly commended in the Plant and Factory Improvement category for its transformation of production efficiency and operational uptime using the MVI RPM solution to automatically capture and diagnose reasons for failure and improve problem solving. Amtico International created and defined the luxury flooring market by producing high quality imitations of natural products.
The Best of British Manufacturing IT Awards are designed to acknowledge the very best IT strategies and implementations in British manufacturing industry. The Awards are judged by a senior independent panel including consultants, analysts, practitioners and operations directors.
"We are delighted with this recognition for our clients, who have demonstrated how the MVI system can be used to deliver real and tangible benefits to a business and make direct impact to the bottom line," said Mark Sutcliffe, CEO of MVI Technology.
The recent acquisition of MVI expands CDC Software's customer-base in strategic industries and broadens the company's overall offerings with highly complementary applications and services that are proven in the mid-market and with larger, tier-1 companies.
MVI - applications directly complement CDC Software's Ross ERP (enterprise performance management), Ross SCM (supply chain management) and Ross EPM (enterprise performance management) solutions. MVI has more than 80 customers including: Allied Bakeries, Bio Product Laboratories, Calypso Soft Drinks, Coors Breweries, Genentech, Marsan Foods, Premiere Foods, Tetley GB, Abbyland Foods, Berner Foods, Weetabix and other food processors around the globe. With the MVI solution, these companies have reported significant increases in production capacity and responsiveness to customers, as well as reductions in overhead and waste.
c360 Exceeds Key Business Objectives Since Acquisition by CDC Software
Thursday October 12, 8:04 am ET
ATLANTA--(BUSINESS WIRE)--c360 Solutions, a leading Microsoft Dynamics Customer Relationship Management Independent Software Vendor (ISV) and a division of CDC Software, a subsidiary of CDC Corporation (NASDAQ: CHINA - News), announced today that it has exceeded key business objectives during the five months since it was acquired by CDC Software. Since the completion of the acquisition of c360 by CDC Software in April 2006, c360 has:
Added 95 new channel partners bringing the total to over 600 worldwide
Reached total cumulative c360 licenses of over 190,000
Achieved maintenance renewal rates above 90%
Added 5 new products through licensing and acquisition
Estimated revenues for third quarter ended September 30, 2006 at 30% above budgeted revenues
"c360 was consistently reporting growth in many key business metrics when they joined us in April," said Eric Musser, president of CDC Software. "Leveraging the global capabilities of CDC Software, we're amplifying that growth trend as we take c360 into new markets. In addition, the release of Dynamics CRM 3.0 in December of 2005 by Microsoft has created a noticeable uptake in the CRM industry in general, and in the c360 applications in particular. We see this strong demand for c360 add-on applications for Microsoft Dynamics CRM continuing well into the future."
"The financial leverage that CDC Software has brought to c360 along with the market strength of Microsoft CRM has enabled excellent sales growth and performance," said John Gravely, vice president, Operations of c360. "Our partnership with Microsoft has helped us grow our base of channel partners and sales both domestically and internationally as we penetrate more markets together."
Alister,
I just got around to this thread this morning. :(
Nice job on this one! ;) Applause.
Basis the semi-log scale, yesterday's high was smack on the top the channel, for Hit #4 since this very nice rally began in May, 2005.
On the first two hits, CHINA sold off a fair amount. On Hit #3, on September 22, there was only a minor selloff on an MACD failure from below the signal line.
Yesterday, MACD crossed above zero, so that looks fine for a breakout above the channel. You might want to keep an eye on that, for any sign of failure.
I hope that this goes into acceleration mode for you. Good luck!
Thanks for the input Melf ;)
Leading Dairy Company Uses Ross Supply Chain Solution from CDC Software to Improve Forecasting and Meet Scan-Based Trading Mandate
Monday October 16, 7:35 am ET
Guida's Milk and Ice Cream Gains Competitive Advantage with Enhanced Forecasting Capabilities and Retains One of its Largest Customers with Rapid Implementation of Ross SCM
ATLANTA--(BUSINESS WIRE)--Ross Systems, a global provider of enterprise software solutions and a division of CDC Software, a subsidiary of CDC Corporation (NASDAQ: CHINA - News), today announced that Guida's Milk and Ice Cream, a premier dairy based in New England, has achieved significant business improvements with Ross' supply chain management (SCM) solution. Optimizing Guida's forecasting capabilities and enabling the dairy company to meet one of its largest customer's scan-based trading (SBT) mandate, Ross SCM has improved operational efficiencies and driven cost savings and competitive advantage.
Guida's selected Ross SCM to address two critical business issues. First, the company needed a forecasting application that would handle all of the inherent variability in the business, capable of replenishing orders based on true demand versus previous order quantities. Without a more efficient method, Guida's would continue to face overstock issues, as well as frequent stockouts, resulting in costly special deliveries in order to keep customer commitments.
Secondly, Guida's turned to Ross SCM to meet the SBT mandate set by one of its largest customers, a major grocery chain. Since enabling SBT - the process of using point-of-sale scan data to manage payment, promotion and replenishment of products- was new to Guida's and the company faced a tight deadline, it was a daunting challenge.
"Guida's future with this very large customer hinged on the success of Ross SCM and our new SBT capabilities - failure was not an option," said Joel Bartolome, IT manager for Guida's. "Ross SCM fit our needs so well right out of the box that there was no need for customization. Because of this, and Ross' commitment to meeting our customer-mandated go-live date, the implementation went very well and the Ross SCM is a huge success."
Guida's implemented Ross SCM within 45 days during its busiest season to meet the SBT mandate, while its competitor scrambled and failed to meet the deadline. In addition, with Ross SCM, shipped orders reflect true customer demand, saving Guida's more than $4,000 a month by eliminating the need for special deliveries based on inaccurate forecasting.
"CDC Software is focused on helping companies like Guida's become customer-driven market leaders, demonstrating a superior ability to understand, attract and keep valuable customers," said Beth Berndt, director of Industry Solutions at Ross, focused on the food and beverage sector. "With Ross SCM, Guida's is able to deliver a responsive, differentiated and superior customer experience while running their business more productively, efficiently and profitably."
Alister,
CHINA broke out above that 16-month channel on Friday, on good volume. Nice going! ;D
1. Introduction
I'm studying 3 stocks a day, as I prepare myself to co-manage the 3 Stocks on Fire Portfolio, and CHINA pop up on my long term bullish screen. I held this stock on the portfolio in the past, and now it is about double, so I want to check what's going on.
If you're new to www.3stocksonfire.org and would like to join our stock traders community, please register (http://www.3stocksonfire.org/trading/index.php?action=register).
2. Profile
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (NASDAQ: CHINA), please visit www.cdccorporation.net.
3. Technical Analysis
3.1. All History Chart
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28131;image)
We almost can't see the current bull trend on the long term chart. As any internet related stock, CHINA had its bubble and crash. But it was one of those that survived.
3.2. Medium Term Chart
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28132;image)
The medium term trend is bullish. There are resistance levels around $7.96, $12.75 and $14.90. The 200 day SMA has been a good indicator to predict CHINA.
3.3. Short Term Chart
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28133;image)
Everything on CHINA's chart is pointing north: the trendline, the moving averages, the average volume, etc.
4. Fundamental Analysis
4.1. Number of Shares Outstanding
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28134;image)
I'm surprised and pleased that the share count is almost the same now as it was back in 2000. This is almost a first for a Chinese company. The current market cap is 112.66 million*$6.835 = $770 M.
4.2. Liquidity
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28135;image)
The current ratio has been higher than what it is now, but still $95 M in working capital and $129 M in cash and marketable securities. I think the balance sheet is ok.
4.3. Revenues
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28136;image)
There's solid revenue growth since 2002. $305 M expected for the full 2006, so the revenue multiple is $770 M / $305 M = 2.52. This is about the average of the Internet Software & Services industry.
4.4. Profits
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28137;image)
Analysts expect CHINA to be very profitable in 2006 and 2007. The average estimate for 06 EPS is $0.24 and for 07 it is $0.37. This is very fast growth. If these estimates are correct, the 07 forward multiple would be 18.5, and the growth rate would be 54%.
If the 06 EPS figure proves correct (CHINA needs to make $0.16 for the remaining two quarters - they still didn't report 3Q EPS, they will tomorrow), the current earnings multiple is 28.5. The average for the industry is 40.8.
4.5. Recent News
- «As published on July 17, 2006, the company's estimates for 2006 place total revenues in the range of US$300 million to US$305 million and (1)adjusted net income in the range of US$31.6 million to US$32.8 million.»
More recently they revised this revenue guidance to $305 M - $308 M. Probably net income will be something like $33 M, or about $0.29 a share. This is more than the $0.24 analysts are estimating (perhaps due to GAAP and non GAAP numbers). The current earnings multiple would then be 23, and the industry's average is 40.8.
- «... the company expects total revenues for the fiscal year ended December 31, 2006 to be in the range of US$303 million to US$307 million, an increase of over 24 percent over 2005's revenues. The company anticipates *adjusted net income to be in a range of $32.0 million to $33.3 million, an increase of over 100% over 2005's results. This is the second time in four months that the company has upwardly revised its fiscal year outlook.»
I guess everybody already knows about the 06 numbers, so probably they were already discounted by the share price (even though the multiples are lower than the industry's average).
5. General Overview
I'm undecided on what to think about these numbers in terms of the share price. In one hand, the company already made a lot of publicity on them, on the other, visibility and predictability is usually something that drives the multiples higher.
CHINA is a company of the future, engaged in software, mobile applications, online games and internet portals. I love all these sectors. Valuation also seems attractive, with below average multiples and above average growth.
Usually the issue that kills these high growth Chinese stocks is their habit to dilute shareholder value. But I don't see that at all in CHINA, to my big surprise.
I don't know if 3Q numbers that will be released tomorrow will make the stock rally or decline, but I would see any decline as a buying opportunity. Therefore my outlook is positive on CHINA.
If you would like to receive my daily analysis on 3 stocks on your mailbox, please register (http://www.3stocksonfire.org/trading/index.php?action=register) (if you don't receive them, check the bulk or spam mail, we're dealing with some problems because of hackers)
This morning just before the open, about 2 hours after I published my initial analysis, CHINA released this news:
• CDC Corporation Announces Private Offering of $168 Million of Senior Exchangeable Convertible Notes due 2011 (http://biz.yahoo.com/bw/061113/20061113005687.html?.v=1)
Business Wire (Mon 8:00am)
The news means CHINA got $168 M in cash now for CDC Software or CDC games shares when they make their IPO. The novelty is that CHINA plans to make IPO's on its subsidiaries, and probably this way these businesses will trade at higher multiples.
The news lacks many details, but overall, it's positive. It adds to my general bullishness on the stock.
Technically CHINA is making a breakaway gap with explosive volume:
CHINA is up 6% AH after posting better than expected results:
CDC Corporation Reports Record Revenues of US$78.2 Million and Adjusted Net Income of $10.1 Million for Third Quarter of 2006, an Increase of 26% and 214%, Respectively, Over the Prior Year Period (http://biz.yahoo.com/bw/061114/20061114006297.html?.v=1)
2007 guidance is also very encouraging. If CHINA trades at an average multiple it will be a $20 stock.
Good luck !
Indeed!
Thanks for the heads up on this one David, I got in this morning. Had a listen to the CC, and it allsounds very encouraging, with strong growth going forward in all subsidiaries fo the company. I wouldn't be surprised if we see a breakaway gap tomorrow on their very strong 2007 estimates.
;D ;D
ST
After filling the gap, china is breaking out bigtime baby - oh yeah!!
;D ;D ;D
Thanks again David ;)
hi,
up on volume , i like that .
maxi
Thanks ScottishTrader and rickjust, just leaving the updated chart, as it is a beautiful one :D
Quote from: David Randolph on November 21, 2006, 04:48:03 PM
just leaving the updated chart, as it is a beautiful one :D
yes it is, thanks for the pick.
:D
maxi
I want to thank David for his fundamental analysis too. I bought initially on his recomendation and held through earnings, then sold for a nice profit. I bought back a few days ago at 7.60 because of David's recommendation of China and then when it broke higher today I bought more at 7.92. ;D
Quote from: Terliso on October 18, 2006, 03:40:20 PM
I jumped in also today ;)
Sold CHINA for 19% profit & bought DNDN ;)
I just wish that I held CHINA a little bit longer :( :(
http://www.3stocksonfire.org/trading/index.php?topic=904.270
Quote from: Terliso on November 21, 2006, 10:51:38 PM
I just wish that I held CHINA a little bit longer :( :(
Alister,
I just wish that I had bought it
at all, after seeing it break out above that channel. :D
Quote from: Melf Elf on October 13, 2006, 05:03:41 AM
Basis the semi-log scale, yesterday's high was smack on the top the channel, for Hit #4 since this very nice rally began in May, 2005.
I hope that this goes into acceleration mode for you. Good luck!
Acceleration mode, indeed!
Nice play, David, and nice pick for the 3SOF portfolio! Applause. I'm glad that so many of you have it.
how high or low do you see this going by jan 07 option expiration? any opinions are welcomed and appreciated.
My 2 cents... :)
I checked out the options, and I'm not getting a warm fuzzy. People are buying the $10 calls in December and January ... but they're not overpaying for them. Dec options are only $.10 and Jans are $.35. Those look like cheep shots on an upside move for the buyers. It doesn't look to me like the sellers are worried about it going any higher than $10... ish. A surprise of any sort could change all that.
I don't see a ton of put buying ... and there isn't a ton of put Open interest... that tells me that it really isn't expected to go down ... just not sure if the calls will ever get into the money.
-Samantha
Sold 1/3 of my posiion today at 8.45 giving me a gain on this portion of 15% ;D Whew!! that leaves me feeling much better about letting the rest run. My stop for the remainder is currently at 8.21, I may bring that down to 7.90 though to give CHINA a bit more room. See how things finish up today.
Good trading all!
hi,
sold half 854. :D
maxi
The August 17 Breakaway Gap out of the Rectangle put 6.03 IN PLAY . That got MADE when CHINA made a third hit (Blue #3) to the top of the channel, at 6.08 on September 21.
Math:
4.94 - 4.95 Highs (I use the more conservative one...so, 4.94)
3.85 - Low
4.94 - 3.85 = 1.09 Points + 4.94 = Target: 6.03
Using the higher 4.95...
4.95 - 3.85 = 1.10 Points + 4.95 = Target: 6.05, so they both MADE.
The November 13 gap up from 6.84 looks to be a Measuring Gap, in which case, that puts 9.83 IN PLAY.
Math:
6.84 - High, prior to the Measuing Gap
3.85 - Low for the move, at the bottom of the Rectangle, and bottom of the channel
6.84 - 3.85 = 2.99 Points + 6.84 = Target: 9.83 IN PLAY
Just something to watch for. Good luck, everybody! ;)
Not such a bad day for CHINA really, a pullback was to be expected and it found support at 8.40, breaking the descending pullback and drifting higher for the day. Just wanted to put this up to give an idea of support levels. I see support coming in at 8.40 (clear support today), 8.25, 8.03 and 7.90. Both 8.25 and 7.90 correspond to fib retracement levels from yesterday's move. clear resistance is at 8.65 and 8.77-8.80, yesterday's highs. I think I will put partial stops for the remainder of my positiion below 8.25 and 7.90 for now and wait to see if it goes for $9+ as Melf's analysis suggests.
Anyway, I hope this helps people in determiniing their trading plans for this one. By the way maxi, I'm also really getting into this taking partial profits thing - feels like the way to go for me, and lets me rest easier on the remainder of my position, otherwise I just get too nervous when something moves like this!!
Good trading all.
All CHINA Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Thank You....and good luck with all your trades....make some $$$
thanks setravis - its just a shame that it ended up turning the topic title to "china - decent earings" ??? ??? Doesn't really have the same ring to it as "CHINA - on the brink of a breakout" now does it??
Anyway, keep up the good work - one day we shall have the holy grail of ONE AND ONLY ONE TOPIC FOR EACH AND EVERY STOCK IN THE WORLD!!! Wahahhahah!!!
ScottishTrader,
As per your request ,I will fix the title ! ;)
hooray ;D ;D ;D :D :D :D :D :o :o :o
and happy thanksgiving setravis ;)
Quote from: ScottishTrader on November 22, 2006, 08:50:23 PM
By the way maxi, I'm also really getting into this taking partial profits thing - feels like the way to go for me, and lets me rest easier on the remainder of my position, otherwise I just get too nervous when something moves like this!!
Good trading all.
thanks scottish,
i figured on a retrace for china and maybe get back a postion lower. if not thats ok . i have my eye on a couple of others.
i am the same. it works for me to take profits when i can. taking small profits along the way, 5 -10% allows you to get into the mind set of winning which is something you need to do if it hasn't been going so well. you may not make as much but as you go it builds your confidence.
i noticed david talking a lot about holding longer for the bigger move and he is usually right. but you also have to be comfortable as well. speaking of holding for bigger moves. take a look at aapl chart from 04 to now. basically just one big move!
maxi
china still on fire! kool.
CHINA update: Continued strength on Friday, despite the short trading day. China broke out first thing on solid volume reaching a high of 9.20, but then pulled back for the remainder of the day. It seemed to find some support around 8.90 though. This week I am looking for a solid move into the $9 range. Support should come in around 8.77-8.80, 8.63 and below that at 8.37. For now my stop is sitting at 8.34, but I will be looking to raise that again early next week if the move progresses. Volume looks excellent for this move. Good trading all.
Quote from: Melf Elf on November 22, 2006, 03:57:52 PM
The November 13 gap up from 6.84 looks to be a Measuring Gap, in which case, that puts 9.83 IN PLAY.
Math:
6.84 - High, prior to the Measuing Gap
3.85 - Low for the move, at the bottom of the Rectangle, and bottom of the channel
6.84 - 3.85 = 2.99 Points + 6.84 = Target: 9.83 IN PLAY
Just something to watch for. Good luck, everybody! ;)
The Measuring Gap target of
9.83 MADE this morning.
CDC Corporation Reaffirms Guidance for 2006 and 2007
Thursday January 11, 7:46 am ET
ATLANTA & BEIJING, China--(BUSINESS WIRE)--CDC Corporation (NASDAQ: CHINA - News), focused on enterprise software applications, mobile applications and online games, today reaffirmed its previously announced guidance for 2006 with total revenues forecast in the range of (U.S.) $303 million to $307 million, an increase of approximately 24 percent from last year and adjusted net income(a) in the range of $32 million to $33.3 million, an increase of more than 100% from the prior year.
For 2007, CDC Corporation also reaffirms prior guidance with total revenues forecast in the range of $401 million to $411 million, an increase of approximately 33 percent from 2006, and adjusted net income in the range of $55 million to $60 million, an increase of approximately 76 percent from 2006. The company plans to report preliminary earnings estimates for Q4 by early February.
"We are very pleased to reaffirm our Guidance for 2006 and 2007 which reflects continued growth throughout our operating companies," said Peter Yip, CEO of CDC Corporation. "We expect strong year-end results that stem from both robust organic growth and the successful acquisitions we have made this year. As we look forward to 2007, we expect this trend to continue."
(a) Adjusted Financial Measures
To supplement the financial measures prepared in accordance with United States generally accepted accounting principles ("GAAP"), the company uses Non-GAAP financial measures for net income and other line items, which are adjusted from results based on GAAP. These Non-GAAP measures are provided to enhance the user's overall understanding of the company's current financial performance and its prospects for the future. The company believes the Non-GAAP results provide useful information to both management and investors. Although the company continues to report GAAP results to investors, it believes the inclusion of Non-GAAP financial measures provides further clarity in its financial reporting. These Non-GAAP financial measures may be different from Non-GAAP financial measures used by other companies, and should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP measures.
The Company defines adjusted net income as net income adjusted for certain purchase accounting related charges and restructuring expenses. The purchase accounting related charges are primarily related to the non-cash amortization of acquisition related intangibles and non-cash tax charges related to our utilization of acquired tax net operating loss carry forwards. Restructuring charges typically result as we consolidate acquired companies to achieve operational synergies. The Company cannot at this point in time, without unreasonable efforts, quantify such purchase accounting related charges and restructuring expenses.
A reconciliation of 2005 adjusted net income to GAAP can be found in the Company's earnings release for the full year 2005 dated April 12, 2006.
The estimates presented in this press release are preliminary and are based on management's belief and best estimate.
Despite all this good news and the price continuing it's up and up trend, is there still room for it to grow? Is CDC undervalued or is this still a good long term play. I sold it with a good profit when it was a recommendation on the 3SOF portfolio but wouldnt want to lose that on a bad entry pointy now. I see a positive MACD but not sure if the technicals still support a postiive trend. Please advise.
CHINA update: continued strength for CHINA, 13ema has been supporting price action very well so far. A little pullback after breaking out to 10.50, i'm looking for it to bounce back into the 10s next week. A word of caution though, it also looks like there is a rising wedge formation, and the price is a long way from the longer term ascending trendline. There are potential negative divergences on MACD, RSI and CCI so I wouldn't give it too much leeway. Strong support at 9.40, resistance at 10.50.
Watch for a big volume breakout day on CHINA today:
CDC Mobile Announces Strategic Agreement with Nokia
http://biz.yahoo.com/prnews/070129/hkm003.html?.v=36 (http://biz.yahoo.com/prnews/070129/hkm003.html?.v=36)
They have been putting out the PRs a lot last week about investment from CDC Mobile, and I thin that this could be the playmaker that gets things going for the stock price.
Currently up at 10.30-35 PM. Looking for CHINA to break 10.50 today
Quote from: ScottishTrader on January 29, 2007, 08:17:16 AM
Watch for a big volume breakout day on CHINA today:
Currently up at 10.30-35 PM. Looking for CHINA to break 10.50 today
Scotsman,
Interesting. I've been wondering if this is a Bearish Wolfe Wave in CHINA.
It's currently right at the 10.55 high of Wave 5. BID 10.53...ASK 10.54. A "Gap To Crap" right here is a possible Double Top. Looks like it needs to "Gap and Go."
Thanks for the Heads Up. Applause.
well at the moment it looks like its "gapping to crapping" :-[
Quote from: ScottishTrader on January 29, 2007, 09:48:32 AM
well at the moment it looks like its "gapping to crapping" :-[
Scotsman,
Yeah, I put an order in to short it at 10.54, but it opened well under that.
It looks like a horse that came fast out of the gate, and then got boxed in along the rail.
It might as well have gone all the way down and filled the gap at 10.15 from Friday's high since it went to 10.20, then tried for a move to the outside, but it stopped at 10.20 and now is boxed in along the rail.
Possible little Inverse H&S that measures back to the opening price (roughly), but if it goes back up there and closes under the 10.55 recent high, it likely will put another Bearish Hangman on the chart.
Sorry, I put up the wrong chart.
well CHINA got that break to the upside. As far as i can tell that little inverse H&S measures up to 10.50. Of course, I'm looking for more, bu it does concern me that CHINA has been releasing a lot of positive PR lately with little share price response. I'm holding out on this one to see if it has the strength today to break 10.50.
Quote from: ScottishTrader on January 29, 2007, 10:49:46 AM
well CHINA got that break to the upside. As far as i can tell that little inverse H&S measures up to 10.50. Of course, I'm looking for more, bu it does concern me that CHINA has been releasing a lot of positive PR lately with little share price response. I'm holding out on this one to see if it has the strength today to break 10.50.
Scotsman,
Shes at your 10.50 now. I wanted it short at 10.54, at the open, but I won't short it now. Let's see if she can push on to new highs. Good luck!
No updates on CHINA in a while. After the ugly gap down at the end of Feb, it looked like China was ready to make an earnings related reversal, just peaking its head into the gap just before the close on Wednesday. However, it was not to be. Despite beating analysts revenue estimates, and meeting net earnings estimates, thier earnings were brought down into a loss after some one time charges, and this brought the stock down.
Overall, earnings were good - revenue was up 43% over the year ago quarter, primarily based on strong growth in their enterprise software and online gaming businesses, and it looks likely to continue - they re-affirmed their 2007 estimates of $57-62M adjusted net income on $415-420M revs a conservtive year on year increase of at least 60% and 35% respectively, from 2006. Whether they will have further one off charges that offest their earnings is unclear. In addition they provided an update to their share buy-back program - they have already re-purchased approximately $27.7M of a total of $40M worth of shares, which would represent just under 5% of their total market cap. They say they have already re-pruchaed 6.1M shares (which would mean they paid an average $4.54 for them - dunno how they managed to get them so cheap!!!) but with the rest of their buy-back cash they could pick up about 1.35M shares at current levels (just over 1% of their float - so not a huge amount, but it is still a positive sign).
I think that this is clearly a company that is continuing to gain traction in its various markets and if it can maintain growth at 30%+, this should be priced well in the mid-teens, so percieve this dorp as a good buying opportunity.
Technically, CHINA tested support at 8.70-72 on Friday, and managed to peak its head above $9 into the close, leaving a nice potential reversal candle, although I'd like to see it get above thursday's candle mid-point at 9.11. $9.10 looks to be resistance, so that seems to be about right. An entry at 9.12 with a stop at 8.70 would represent a risk of just over 4.5% - acceptable given the company's bullish prospects. The only thing to note is that there does look to be a sizeable H&S top on the chart with a neckline at 8.30 (or possibly 8.70, if you take the angled neckline, in blue) that would have a downside target of $5.55. Also, the price action over the last month has been below the 50MA, which is currently just starting to turn down, another negative sign.
Still, with a stop in place, barring a downside gap, I think the position is reasonably well protected, and with revenue growth going forward, I see CHINA doing well during 2007.
We will have to look at not only CHINA but all Chinese ADRs. A list of Chinese ADRs can be found at
www.diggsamachar.com/chineseadrs/ (http://www.diggsamachar.com/chineseadrs/)
- dehati
ATLANTA & HONG KONG, Dec 16, 2008 (BUSINESS WIRE) -- CDC Software, a wholly-owned subsidiary of CDC Corporation (CHINA, Trade) and a provider of industry-specific enterprise software applications and business services, announced today that its Ross Enterprise application was selected as the only ERP software vendor included in the development of a Food Safety Information Management Platform (FSIMP), and related service outsourcing, that is expected to be used by the food industry in China's Henan province. Henan is currently the most populous province in China and is known for its rapidly-growing food manufacturing industry.
CDC Software has partnered with VITOVA Limited, a leading independent software vendor (ISV) in the enterprise content management (ECM) industry that has been contracted to set up an outsourcing center in Henan that will provide the FSIMP. Food producers are expected to use this platform on a subscription as a services (SaaS) basis to help them comply with applicable laws, rules and regulations. VITOVA selected Ross ERP for its deep vertical specialization in addressing unique challenges in the food and beverage industry, including the need for detailed product costing and profitability analysis, management of pricing and promotions, optimized forecasting and scheduling, improved order fulfillment and customer service, inventory optimization with minimal spoilage, and compliance with food safety regulations and mock recalls.
"The goal of the FSIMP is to address the major concerns faced by China's food industry, including food safety, regulatory requirements and operational management," said Mr. Aldous Ng, CEO of VITOVA Limited. "We knew Ross ERP's key focus was addressing these concerns and felt they would be a perfect fit for the platform. We're looking forward to experiencing the same kinds of successes as other Ross ERP customers in the food industry worldwide."
"We are very excited that our ERP solution was selected for this very important project for China's largest province," said Ian Whitehouse, Country Manager, CDC Software. "We believe that our selection to participate in the development of this FSIMP is a testament to our established leadership in the food manufacturing segment. Our Ross ERP solution for the Food and Beverage industry specifically addresses that market segment's unique business processes, especially in the area of food safety, traceability and regulatory compliance."
About Ross Enterprise for Food & Beverage
Ross Enterprise is CDC Software's comprehensive suite of applications for food and beverage manufacturers. The suite of applications includes enterprise resource management (ERP), supply chain management (SCM), warehouse management, customer relationship management, real time performance management and business analytics. Together, these systems address the unique challenges in food and beverage including the need for detailed product costing and profitability analysis, management of pricing and promotions, optimized forecasting and scheduling, improved order fulfillment and customer service, inventory optimization with minimal spoilage, and compliance with food safety regulations and mock recalls. Ross Enterprise is used worldwide by more than 1,200 companies including Boar's Head, Kerry Ingredients, Cheesecake Factory, Pez Candies, Nellson Nutraceuticals, Hilmar Cheese, Michael Angelo's and Litehouse Foods. For more information, visit www.rossinc.com.
For more information, visit www.rossinc.com.
About VITOVA
Based in Hong Kong, VITOVA is a leading Independent Software Vendor (ISV) in the Enterprise Content Management (ECM) domain. VITOVA develops software tools to connect people to relevant information. VITOVA's software helps to reduce the time needed for searching information while increasing the relevance of the information found. The company's product family has won many awards including Microsoft Best ISV of the Year 2007 and 2005 in Hong Kong; 2006 Microsoft Partner Program Award, Winning Customer Award, Regional Winner of Greater China; 2006 Microsoft Partner Award, Data Management Solutions Technology Innovation Finalist; 2005 Microsoft Partner Program Award, ISV/Software Solutions Technology Innovation Finalist; 2003 and 2002 Hong Kong Awards for Industry and Hong Kong IT Excellence Awards 2001.
About CDC Software
CDC Software, The Customer-Driven Company(TM), is a provider of enterprise software applications designed to help organizations deliver a superior customer experience while increasing efficiencies and profitability. CDC Software's product suite includes: CDC Factory (manufacturing operations management), Ross ERP (enterprise resource planning) and SCM (supply chain management), CDC Supply Chain (supply chain management, warehouse management and order management), Pivotal CRM and Saratoga CRM (customer relationship management), CDC MarketFirst (marketing automation and lead management), Respond (customer complaint and feedback management), c360 CRM add-on products, industry solutions and development tools for the Microsoft Dynamics CRM platform, Platinum HRM (human resources), and business analytics solutions.
These industry-specific solutions are used by more than 6,000 customers worldwide within the manufacturing, financial services, health care, home building, real estate, and wholesale and retail distribution industries. The company completes its offerings with a full continuum of services that span the life cycle of technology and software applications, including implementation, project consulting, outsourced business services, application management and offshore development. CDC Software is ranked number 8 in the Top 20 Supply Chain Management Software Suppliers by Modern Materials Handling magazine. For more information, please visit www.cdcsoftware.com.
About CDC Corporation
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Games focused on online games, and China.com focused on portals for the greater China markets. For more information about CDC Corporation (CHINA, Trade), please visit http://www.cdccorporation.net/.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements relating to the ability of our products to help, and our expectations and beliefs with respect to the future implementation of the Food Safety Information Management System in China and our participation in it, our expectations regarding the establishment of an outsourcing center by VITOVA, our beliefs regarding the use and acceptance of the FSIMP by the food industry in China and the ability of our products to meet the needs of customers, our beliefs regarding the future success of our customers, our beliefs regarding our leadership position in the food manufacturing segment, our beliefs regarding the functionality of our products and the effects thereof on our customers' businesses and other statements that are not historical fact, the achievement of which involve risks, uncertainties and assumptions. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. Results will vary from customer to customer depending on each customer's particular facts and circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements including, among others: the conditions of the process manufacturing industry; the continued support of our existing customers; the continued ability of Ross Enterprise solutions to address industry-specific requirements of companies in the process manufacturing industry; demand for and market acceptance of new and existing Ross Enterprise solutions; development of new functionalities which would allow process manufacturers to compete more effectively and changes in the type of information required to compete in the process manufacturing industry. Further information on risks or other factors that could cause results to differ is detailed in filings or submissions with the United States Securities and Exchange Commission made by CDC Corporation in its Annual Report for the year ended December 31, 2007 on Form 20-F filed on June 30, 2008 and amended on September 15, 2008. All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward looking statements which speak only as of the date of this press release. The company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise.
SOURCE: CDC Software
CDC Corporation
Investor Relations
Monish Bahl, 678-259-8510
[email protected] or
CDC Software
Media Relations
Lorretta Gasper, 678-259-8632
[email protected] Copyright Business Wire 2008
CDC Corp. games unit sees 2Q revenue up by 50 pct
Games unit of CDC Corp. sees 2Q revenue up by 50 pct from prior quarter
On Monday July 20, 2009, 3:26 pm EDT
SHANGHAI (AP) -- The games unit of CDC Corp. said Monday that a rebound in core game Yulgang is expected to boost second-quarter revenue by 50 percent from the prior quarter.
CDC Games, which provides online and mobile games, said the revenue jump is mainly due to the release of version 3.0 for Yulgang called Nan Lin Feng Yun in March. CDC Games reported revenue of $6.3 million in the first quarter.
Yulgang is a game based on a Korean martial arts comic with the same name. The update includes a new map system, 16 new monsters and a new battlefield.
CDC Games expects the revenue growth trend will continue with the version 3.0's launch. For the second half of the year, the release of "The Lord of the Rings Online" and other versions of existing games is expected to boost results.
Shanghai-based CDC Games serves more than 160 million registered users. CDC Corp. sells enterprise software, IT consulting services and owns Internet portal China.com.
Shares of CDC Corp., based in Hong Kong, were up 3 cents to $2.19 in afternoon trading.
High tide on CHINA...
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CDC has nonetheless seen a strong response to the launch of its newest game, Yulgang. Average daily revenue has increased 45%, and 78 million players are registered for the game. It will follow up this success with the launch of The Lord of the Rings Online in China in the second half of this year and preliminary test data show a very high activation percentage among users.
Revenue Growth Rate, Past 3 Years
19.7%
Gross Margin
51.9%
52wk Range: 0.65 - 3.19
Volume: 6,733,542
Avg Vol (3m): 1,175,690
Technicals
Percentage Gainer
Last Price Quote is:
49.09%above 13-day MA
90.87%above 50-day MA
RS Rating: 49
Fundamentals
Earnings Expected on Aug 6
Key Data:
Market Cap (M): $338.45
P/E Ratio: 78.27
PEG Ratio: 0.926667
Next Earnings: 08/06/2009
Last Analyst Rating: Outperform