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Linktone Ltd.
LTON.OISIN: US5359251015SEDOL: 2412380 |
Rating: STRONG BUY |
Target Price: 1.26 USD |
Investment Horizon: 6 to 12 months |
3Q 08 Update Report
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Linktone Ltd’s. (Linktone) 3Q 08 gross revenues surpassed Management guidance as well as our expectations and reported strong y-o-y growth. Operating loss improved sequentially, outperforming our expectations on account of better than expected top-line growth, coupled with lower impairment costs during the quarter. Streamlining operations and increasing focus on core Wireless Value Added Services (WVAS) business, the company’s…
3Q 08 News Alert
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Linktone Ltd.’s (Linktone) 3Q 08 revenues surpassed Management guidance as well as our estimates, reflecting strong y-o-y growth, led by both the Wireless Value Added Services (WVAS) and Advertising businesses. Profitability increased sequentially on account of lower impairment costs during the quarter. Although the target price suggests a BUY at current levels, in light of the uncertain operating environment and the…
2Q 08 Update Report
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During 2Q 08, Linktone Ltd’s. (Linktone) gross revenues surpassed Management guidance. However, reported profitability witnessed a significant decline both y-o-y and q-o-q due to increased costs and recognition of an impairment charge related to the Advertising business during the quarter....
2Q 08 News Alert
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Although Linktone Ltd.’s (Linktone) 2Q 08 revenues were above Management guidance, they recorded a decline on a sequential basis. Higher cost of services led to a sequential and y-o-y decline in profitability....
1Q 08 News Alert
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Linktone Ltd.’s (Linktone) 1Q 08 revenues were above our and Management expectations while earnings were impacted by higher than expected cost of services towards establishing an exclusive agent relationship with Tianjin Satellite Television (TJSTV). We expect this upsurge in cost of services to return to normal levels, going forward....
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