Posts for Ticker ‘Chinese stocks’

IPO FILING: China Time Share Media (CTSM)

China Time Share Media Co. Ltd has filed to raise up to $75 million in an initial public offering.  The Chinese advertising service provider has applied to take "CTSM" as its NASDAQ stock ticker.  No share count nor any share price was given.  Morgan Stanley and UBS are the lead underwriters, and China International Capital and Susquehanna Financial Group are co-managers.

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Posted on: September 9, 2008 – 3:26 pm in China, IPOs, Media, , , , , , ,

Traders Chasing e-Future (EFUT)

e-Future Information Technology (NASDAQ: EFUT) is indicated up about 15% after the Chinese supply chain management software and services company posted earnings last night.  It posted revenues of $3.5 million and gross profit was $2 million, with non-GAAP income at $1.1 million.  While this is small, it is more than a 100% gain in revenues.  It also listed its deferred revenue as of June 30 as being $8.9 million and said it sees 2008 total revenues of $19 to $20 million with adjusted EBITDA of $5 to $6 million on a non-GAAP basis.

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Posted on: September 9, 2008 – 8:03 am in China, Cult Stock, Earnings, , , ,