Netdragon 0777

Netdragon 0777

Postby winston » Tue Dec 08, 2009 11:30 am

Not vested.

DJ MARKET TALK:Nomura Cuts Netdragon Target To HK$3.75 Vs HK$4.30

1103 [Dow Jones] STOCK CALL: Nomura cuts Netdragon (0777.HK) target to HK$3.75 from HK$4.30 after lowering FY10 revenue forecast by 34% as it expects modest contributions from the new games released in summer 2010.

Says, shrinking user base of Netdragon's traditional game, Eudemons, and narrowing operating margin are putting pressure on the share price. Keeps Reduce as traction among Eudemons players will continue to be difficult heading into the coming year despite company's efforts to introduce new expansion packs and minimize threats from pirate servers.

Source: Dow Jones Newswire
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