Foreign analysts give thumbs up for Giant, suggesting USD8.5 dollar price
BEIJING, Jun 15, 2009 (Xinhua via COMTEX) --
Company: Giant Interactive Group Inc (GA)
Chinese online game firms have become a favorite of top overseas investment consultants' recently, especially so for Giant Interactive Group Inc. (GA.NYSE), according to media reports.
Giant, whose profit margin exceeds 70 percent and boasts strong cash reserves, is an accountants' dream, said Jim Trippon, a foreign expert for Chinese concept stocks. He added that the trading price of Giant's shares is far below its book value.
Trippon suggested the purchase price of Giant's stock to be determined at 8.5 U.S. dollars.
Despite numerous listed online game companies already being listed in the market, Giant's fair price earnings ratio can still reach 12.5, Trippon said.
Besides, founded in November 2004, Giant has risen to be the most profitable firm in China's online game industry, the analyst said.
Copyright (C) 2009 Xinhua Economic News. All rights reserved
News Provided by COMTEX
Company: Giant Interactive Group Inc (GA)
Related terms: book, china, dollar, earnings, georgia, investment, media, nyse, online, profit
Zibb.com
Zibb.co.uk
Zibb.fr
Zibbsearch.nl