NEW YORK, NY -- (Marketwire) -- 10/22/12 -- New data released the last Thursday showed China's economy grew at a rate of 7.4 percent in the third quarter. Although a decline from the previous quarter it was a much smaller drop off, signaling the worst may be over for the world's second largest economy. "The expectation now is that China's economy has bottomed out and we can look forward to better results in the fourth quarter," said Francis Lun, managing director of Lyncean Holdings in Hong Kong. Five Star Equities examines the outlook on Chinese internet stocks and provides equity research on SINA Corp. (NASDAQ: SINA) and E Commerce China Dangdang Inc. (NYSE: DANG).
Access to the full company reports can be found at:
Other recently released September data has also supported the notion that China's economic recovery is underway. Industrial production has increased 9.2 percent from a year-ago, and 3 percent from August, while retail sales have gained 14.2 percent from 2011.
"In the grand context of a global recession, this is an amazingly good job for a country that is so dependent on exports to the global economy," says Bosworth. "I think we are in a world where China's growth is going to moderate and I think it will stay in the range of about 7% to 8%."
Five Star Equities releases regular market updates on Chinese internet stocks so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
SINA provides advertising, non-advertising and free services through SINA.com, SINA.cn, Weibo.com, MVAS, and SINA products. "Our industry checks suggest strong advertiser's demand of Weibo ad system, which is off a solid start, in our view. Meanwhile, we believe bundled sales minimizes the potential cannibalization between the portal and Weibo," wrote ThinkEquity analyst Henry Guo.
Dangdang's nationwide fulfillment and delivery capabilities, high-quality customer service support and scalable technology infrastructure enable it to provide a compelling online shopping experience to customers. The company has been trading near 52-week lows due to concerns regarding China's slowing economy. Dangdang will report third quarter 2012 financial results on November 13, 2012.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
Five Star Equities