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ShandaGames posts

Should you buy shares of Shanda?

Posted Dec 2nd 2009 9:00AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Electronic Arts (ERTS), Activision Inc (ATVI), Technology

Shanda Interactive (SNDA), an electronic media company based in China that distributes online games and other content, reported Q3 earnings on Tuesday after the bell. According to our earnings preview, analysts were expecting 88 cents per American Depositary Share (ADS). On a reported basis, 90 cents per ADS was recorded. On an adjusted basis, the business achieved $1.08 per ADS.

Shanda not only did well in terms of an earnings beat, but it grew the top line quite admirably. Gross margin, unfortunately, saw a dip on both a year-over-year and a sequential basis.

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Shanda wins $1 billion in the IPO game

Posted Sep 25th 2009 10:00AM by Tom Taulli (RSS feed)
Filed under: China, JPMorgan Chase (JPM), Goldman Sachs Group (GS)

One of the fastest growing sectors in the Chinese economy is online gaming, and, the leading player in the market is Shanda (NASDAQ: GAME).

With much investor anticipation, the company's shares hit the U.S. market today in a big-time IPO. The company priced 83.5 million shares at $12.50, making it a billion-dollar offering (the only one this year)

Shanda has a variety of games -- including 20 multi-player online role-playing games (MMORPGs) and 11 advanced casual games. In fact, there are plans to launch 16 more MMORPGS and eight advanced games.

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