Printer Friendly
The Free Library
14,799,283 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Zacks Analyst Blog Highlights: Kongzhong, China Mobile, Sunoco, Trammell Crow and Nippon Telegraph & Telephone.


CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day, the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Kongzhong (Nasdaq:KONG), China Mobile (NYSE NYSE

See: New York Stock Exchange
:CHL CHL crown-heel length. ), Sunoco (NYSE:SUN), Trammell Crow F. Trammell Crow (born June 11, 1914, in Dallas, Texas) is an American property developer who created several famous projects, including Dallas Market Center, Peachtree Center (Atlanta, Georgia), and San Francisco's Embarcadero Center.  (NYSE:TCC TCC The Car Connection (web site)
TCC Tidewater Community College
TCC Tallahassee Community College
TCC Temporary Continuation of Coverage
TCC Tucson Convention Center (Tucson, AZ, USA) 
) and Nippon Telegraph & Telephone Corp. (NYSE:NTT NTT Nippon Telegraph and Telephone Corporation
NTT New Technology Telescope
NTT National Technology Transfer, Inc
NTT Name That Tune (TV game show)
NTT National Tree Trust
NTT Number Theoretic Transform
).

See the latest posts to the Analyst Blog by visiting: http://at.zacks.com/?id=2673

Here are highlights from Monday's Analyst Blog:

Kongzhong Target Adjusted to $9

Although Kongzhong (Nasdaq:KONG) announced satisfactory financial results of the second quarter of 2006, its stock price has declined greatly since China Mobile (NYSE: CHL) announced its new measure to service providers. However, Chinese wireless value-added service A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions.  providers have great potential and have grown rapidly in the past three years. Moreover, Kongzhong's leading position on the 2.5G platform in China will help the company make full use of the 3G opportunity in the future.

Overall, we don't think its current stock price fairly represents the company's intrinsic value Intrinsic Value

1. The value of a company or an asset based on an underlying perception of the value.

2. For call options, this is the difference between the underlying stock's price and the strike price.
. Therefore, we are maintaining our Buy recommendation for Kongzhong's stock.

Raising Estimates on SUN

Sunoco's (NYSE:SUN) reported better-than-expected second-quarter 2006 results, reflecting substantially improved realized refining margins. We have raised our 2006 EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format.  estimate to $8.66 from $7.35, to reflect the second-quarter gain and continued strong refining margins. Our overall positive outlook for the group - as well as the stock - remains unchanged.

With a number of major new petroleum-product specifications coming into force this year, the supply situation is expected to remain under pressure. This, we believe, should help keep refining margins at or above mid-cycle levels in the near to medium term.

Trammell Crow Stays a Buy

We are reiterating our Buy recommendation on shares of Trammell Crow (NYSE:TCC). The company continues to have positive earnings momentum in most business segments, and we believe it will likely continue throughout 2006. We like management's focus on expanding its operating margins, and greatly expanding its development pipeline.

The Global Services division had another solid quarter, as demand is still strong in user and investor services. Additionally, the company should start to realize benefits from its large in process development pipeline over the next couple of quarters.

Low Visibility at NTT

Nippon Telegraph & Telephone Corp. (NYSE:NTT), the largest provider of fixed-line and wireless telephony telephony without wires, usually employing electric waves of high frequency emitted from an oscillator or generator, as in wireless telegraphy. A telephone transmitter causes fluctuations in these waves, it being the fluctuations only which affect the receiver.

See also: Wireless
 services in Japan, declared disappointing first quarter (ended June) fiscal 2007 results with net income falling almost 19% year-over-year. The company faces intense pricing pressure as other service providers churn NTT's subscriber base with competitive voice, broadband data and wireless services in most areas of Japan. This continues to impact NTT's customer retention, top-line sales level and profit margins.

While the company has given a fairly optimistic op·ti·mist  
n.
1. One who usually expects a favorable outcome.

2. A believer in philosophical optimism.



op
 outlook for the rest of the current fiscal year, we believe near-term challenges like continuous market loss of mobile services to smaller competitors limit upside visibility. We reiterate our Hold rating for NTT as we look for substantiated indicators of growth with deployed broadband and fiber-to-the-home infrastructure that provide advanced service capabilities.

See the latest posts to the Analyst Blog by visiting http://at.zacks.com/?id=2645

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis Qualitative Analysis

Securities analysis that uses subjective judgment based on nonquantifiable information, such as management expertise, industry cycles, strength of research and development, and labor relations.
 to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day"
subscribe, take

buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company";
 this free newsletter today by visiting http://at.zacks.com/?id=2674.

About Zacks

Zacks.com is a property of Zacks Investment Research Zacks Investment Research

A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms.
, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Comment:Zacks Analyst Blog Highlights: Kongzhong, China Mobile, Sunoco, Trammell Crow and Nippon Telegraph & Telephone.
Publication:Business Wire
Geographic Code:9JAPA
Date:Aug 22, 2006
Words:754
Previous Article:More than 70 Million Adults Want to Head Back to School; As the Face of Higher Education Changes, a New Survey Reveals Why American Adults See Value...
Next Article:Zacks Analyst Interview Highlights: Hittite, Sprint and salesforce.com.
Topics:



Related Articles
Zacks Analyst Blog Highlights: Kimco Realty, Boston Properties, China Mobile, China Unicom, and CarMax.
Zacks Analyst Blog Highlights: TOM Online, China Mobile, Reinsurance Group of America and H&R Block.
Zacks Analyst Blog Highlights: Citi Trends, Alnylam Pharmaceuticals, Merck & Co., SINA Corp. and China Mobile.
Zacks Analyst Blog Highlights: Tenneco, GM, Ford, Vodafone and Verizon Wireless.
Zacks Analyst Blog Highlights: Pegasus Wireless, J.C. Penney, China Mobile and Kongzhong.
NTT Group to Participate in ITU TELECOM WORLD 2006.
Zacks Analyst Blog Highlights: Linktone, China Mobile, Winston Hotels and Hilton Hotels.
Zacks Analyst Blog Highlights: Vodafone, China Mobile, Bristol-Myers Squibb and Sanofi-Aventis.
Zacks Analyst Blog Highlights: Telecom Italia, Telefonica and Northrop Grumman.
Zacks Analyst Blog Highlights: Kongzhong, China Mobile, China Unicom, Syngenta AG and Monsanto.

Terms of use | Copyright © 2010 Farlex, Inc. | Feedback | For webmasters | Submit articles