Continue reading Closing Bell: Another day, another dollar loss for the Dow

Closing Bell: Another day, another dollar loss for the Dow originally appeared on BloggingStocks on Tue, 19 Aug 2008 16:15:00 EST. Please see our terms for use of feeds.

Media programming and advertising are developing industries in China, suggesting that investments in that arena offer intriguing growth possibilities. Among the more successful competitors so far is an outfit that is headquartered in Beijing.

Xinhua Finance Media Limited (NASDAQ: XFML) is a diversified financial and entertainment media company in China. The firm produces and distributes television and radio programming; sells, creates and places advertising for television and print media; and provides market research services. Its productions reach approximately 210 million television viewers, 125 million radio listeners, over 480 million potential newspaper readers and mobile phone users. The target audience is China's growing population of well-educated, high net worth individuals. Reuters Group (NASDAQ: RTRSY) is a competitor.

Continue reading Xinhua Finance Media shares forming bullish 'pennant' pattern

Xinhua Finance Media shares forming bullish 'pennant' pattern originally appeared on BloggingStocks on Thu, 08 Nov 2007 13:00:00 EST. Please see our terms for use of feeds.

Momenta Pharma (NASDAQ: MNTA) is off over 50% on news that the FDA rejected its generic blood thinner. And shares of content delivery company Limelight Networks (NASDAQ: LLNW) are down 9% on weak guidance for the fourth quarter.

Douglas A. McIntyre is an editor at 247wallst.com.

Big stock movers before the open, DIVX up 17%, Momenta off 50% originally appeared on BloggingStocks on Tue, 06 Nov 2007 08:27:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Thomas Weisel started Chico's FAS (NYSE: CHS) with a Market Weight rating and $26 target citing near-term mix pressure, lower margin potential and lower square footage growth.

• Thomas Weisel also initiated shares of Cache, Inc (NASDAQ: CACH) with an Overweight rating and $21 target, citing a significant sales opportunity driven by new categories and demographics.

• AG Edwards believes the risk/reward for JP Morgan & Chase Co (NYSE: JPM) is balanced, assuming coverage with a Hold rating.

• Lehman resumed coverage of National City Corp (NYSE: NCC) with an Overweight rating and $41 target...

• Montgomery & Co initiated SiRF Technology Holdings Inc (NASDAQ: SIRF) with a Buy rating and $32 target.

• Merriman initiated shares of Aware, Inc (NASDAQ: AWRE) with a Buy rating.

• Xinhua Finance Media Ltd (NASDAQ: XFML) was started with a Buy rating at W.R. Hambrecht.

• Matrix USA initiated shares of Florida East Coast Industries Inc (NYSE: FLA) with a Strong Sell rating.

Analyst initiations 5-01-07: CACH, CHS, JPM and SIRF originally appeared on BloggingStocks on Tue, 01 May 2007 11:19:00 EST. Please see our terms for use of feeds.

Xinhua Finance Media Ltd. produces financial content for TV, print and radio. It's TV operation has the biggest reach, with about 210 million potential viewers.

Now the company plans to do an IPO in the US. The offering involves the issuance of 23.1 million shares at a price range of $12 to $14 per share.

The company has production studios in Beijing and Shanghai, where it develops television shows like New Fortune Weekly -- a comprehensive coverage of the Chinese economy -- and Fortune People, which is a talk show. There are even dramas, such as Floating Dust about the hardships of life.

Xinhua has also been striking deals with U.S. media partners, including Dow Jones & Co., Inc. (NYSE: DJ). No doubt, the IPO should help with these efforts.

In 2006, the company posted revenues of $58.9 million and net income of $3.3 million. Yes, it is looks small, but of course, as China's population becomes more affluent, Xinhua should continue to grow.

The proposed ticker symbol is "XFML" and the underwriters include JPMorgan Chase & Co. (NYSE: JPM) and UBS Investment Bank (NYSE:UBS).

You can check out the prospectus at the SEC web site.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

Xinhua: China's CNBC files to go public originally appeared on BloggingStocks on Wed, 21 Feb 2007 14:42:00 EST. Please see our terms for use of feeds.