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6 pts

Opinion on  Xinhua Finance Media Ltd. (XFML)     Sector: Services  >  Industry: Advertising
Xinhua Finance Media's shares rise on first-quarter results

Apr 30, 2007 04:15 PM GMT
Return Risk
-10.51% HIGH
Associate

SAN FRANCISCO (MarketWatch) -- Xinhua Finance Media shares rose 15% to $11.86 in Monday morning trade. The Beijing-based financial and entertainment media company reported that it swung to a first-quarter net profit of $12.6 million from a net loss of $806,273 last year. Net income attributable to common shareholders for the first quarter of 2007 was 13.8 cents share. Revenue rose to $16.7 million from $7.15 million. The company forecast second-quarter revenue of $22 million to $24 million, and 2007 revenue of $110 million. Xinhua Finance's American depositary shares had their initial public offering on March 9.


XFML:  This call was made on 04/30/07 @ $11.75
Rating:   Positive   $11.75 (04/30/07)
Gain/Loss:   n/a in 1855 days
Target:   $20.00 (+70.21%) in > one year


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shijiu   N/A     1 point   commented 697 days ago reply

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shijiu   N/A     1 point   commented 697 days ago reply

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