Shanda Games Limited (NASDAQ:GAME), a leading online game developer, operator and publisher in China, on 19 may has been informed by Shanda Interactive Entertainment Limited the controlling shareholder of Shanda Games, that CAP IV Engagement Limited, an affiliate of Carlyle Asia Partners IV, L.P., entered into an adherence agreement on May 19, 2014 to become a party to the consortium agreement dated as of January 27, 2014 among Shanda Interactive, Primavera Capital Fund I L.P., an affiliate of Primavera Capital Limited, Perfect World Co., Ltd. and FV Investment Holdings an affiliate of FountainVest Partners, and participate as a new member of the consortium in the proposed “going private” transaction with respect to Shanda Games. Shanda Games Limited (ADR) (NASDAQ:GAME) net profit margin is 36.50% and weekly performance is 0.15%. On last trading day company shares ended up $6.68. Analysts mean target price for the company is $4.86. Shanda Games Limited (ADR) (NASDAQ:GAME) distance from 50-day simple moving average (SMA50) is 1.23%.
China Telecom Co. Limited (NYSE:CHA) was downgraded by analysts at HSBC from an overweight rating to an underweight rating. China Telecom Corporation Limited (ADR) (NYSE:CHA) shares fell -1.53% in last trading session and ended the day on $50.04. CHA gross Margin is 69.90% and its return on assets is 6.10%.China Telecom Corporation Limited (ADR) (NYSE:CHA) quarterly performance is 11.75%.
Changyou.Com (NASDAQ:CYOU)‘s stock had its “underweight” rating reaffirmed by investment analysts at Morgan Stanley in a note issued to investors on Monday, AnalystRatings.Net reports. They currently have a $26.00 price objective on the stock. Morgan Stanley’s price target would suggest a potential downside of 6.00% from the stock’s previous close. Changyou.Com Ltd (ADR) (NASDAQ:CYOU) shares moved up 0.35% in last trading session and was closed at $26.09, while trading in range of $25.77 – $26.15. Changyou.Com Ltd (ADR) (NASDAQ:CYOU) year to date (YTD) performance is -18.60%.
Giant Interactive Group (NYSE:GA) announced its earnings results on 21 may. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.02, Stock Ratings Network reports. The company had revenue of $92.50 million for the quarter, compared to the consensus estimate of $100.14 million. During the same quarter last year, the company posted $0.22 earnings per share. Giant Interactive Group’s revenue was down .4% compared to the same quarter last year. Giant Interactive Group Inc. (ADR) (NYSE:GA) ended the last trading day at $11.79. Company weekly volatility is calculated as 0.20% and price to cash ratio as 3.29.Giant Interactive Group Inc. (ADR) (NYSE:GA) showed a positive weekly performance of 0.08%.
The cheetah mobile is being spun out of software maker Kingsoft Corp Ltd (OTCMKTS:KSFTF) which will retain control with about 54 percent of Class B shares and 4.7 percent of Class A shares. On last trading day company shares ended up $3.24.