A8 Digital Music 0800

A8 Digital Music 0800

Postby winston » Thu Aug 06, 2009 7:56 am

Not vested. From Dr. Check, The Standard HK

A8 Digital Music (0800) sources its music content from its own internet platform as well as other international and domestic record labels.

It then sells the music in the form of ringtones and ring-back tones to mobile phone subscribers in China. Its 2008 revenue jumped 45 percent year on year.

A8 was listed in June last year at HK$1.90. The stock dropped to 60 HK cents at one stage before rising to an all-time high of HK$4.83 recently.

Bank of Communications International is bullish on A8. But Dr Check has concerns about its future profit growth because the entry barrier in this industry is low.

A8 trades at 21 times its historical earnings. Dr Check is not keen on this stock.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 100367
Joined: Wed May 07, 2008 9:28 am

Return to A to B

Who is online

Users browsing this forum: No registered users and 2 guests