Shanda Games Limited (GAME)
Posted:
Tue Jan 19, 2010 12:29 pmby iam802
Notes:
- China online game company
- Just acquired Mochi Media for US$80M (first acquistion outside of China)
- Foreign companies can't acquire Chinese game company, but the reverse does not apply
Risk:
- thinly traded
- just listed not long
Re: Shanda Games Limited (GAME)
Posted:
Mon Mar 29, 2010 11:32 amby iam802
GAME has a nice breakout from its resistance near $7 last Friday.
There is no confirmation of a new trend based on the Ichimoku chart. However, it could be be a nice little swing trade or the beginning of a new trend.
Re: Shanda Games Limited (GAME)
Posted:
Mon Mar 29, 2010 1:19 pmby lithium
Hi 802,
Is this the Chinese gamer Shanda who produce the game "Romance of 3 kingdom"?
Any reason on the gap down in March?
Re: Shanda Games Limited (GAME)
Posted:
Mon Mar 29, 2010 1:31 pmby iam802
The gap down is due to poor Q1 sales forecast.
I am not sure about the games they produced though.
Re: Shanda Games Limited (GAME)
Posted:
Wed Mar 23, 2011 1:03 pmby winston
Not vested
Singapore GIC ups stake in Shanda Games to 10.3 pct-filing
SINGAPORE, March 23 (Reuters) - Singapore sovereign wealth fund GIC has increased its stake in US-listed Chinese video games firm Shanda Games to 10.3 percent as of March 14, from 8.2 percent in December, according to a U.S. filing late on Tuesday.
GIC, one of the world's largest wealth funds with over $200 billion in assets, first bought Shanda shares in November 2009, shortly after the Chinese firm's initial public offering in the United States.
Source: Reuters