Posts for Ticker ‘STV’

Top Analyst Upgrades, Downgrades, Initiations (ADBE, BCS, STV, FPL, FLR, GME, PCLN, TOL, TSN, TROW)

These are this Wednesday’s top 10 analyst upgrades, downgrades, and initiations seen in Wall Street research calls:

Adobe Systems NASDAQ: ADBE) Cut to Perform at Oppenheimer.
Barclays plc (NYSE: BCS) Cut to Hold at RBS.
China Digital TV (NYSE: STV) Cut to Neutral at Piper Jaffray.
FPL Group (NYSE: FPL) Raised to Buy at Citi.
Fluor (NYSE: FLR) Raised to Hold at Citi.
GameStop (NYSE: GME) Removed from Convition Buy List at Goldman Sachs (still Buy rated).
Priceline.com (NASDAQ: PCLN) Cut to Neutral at Credit Suisse.
Toll Brothers (NYSE: TOL) Raised to Outperform at Wells Fargo.
Tyson Foods (NYSE: TSN) Cut to Neutral at JPMorgan.
T. Rowe Price (NASDAQ: TROW) Raised to Outperform at Credit Suisse.

You can join our open email distribution list which goes out several times per week to be notified of key merger news, key analyst calls, top early morning day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

China Stocks Lead The Market Higher, Again (LDK)(STV)(RCH)(YTEC)

Why should today be different from any other. Stocks of companies based in China dominate the list of price gainers.

China Digital TV (STV) Up 30% to $55.31, a 52-week high. NYSE listed.

China Architectural (RCH) Up 20% to over $17. AMEX listed.

Yucheng Technologies (YTEC) Just public. Up 11% to $14. Nasdaq Listed.

China Shenghuo Pharmaceutical (KUN) Up 13% to almost $13. AMEX traded.

QIAO Xing Mobile (QXM) Up 12% to almost $12. NYSE listed.

LDK Solar (LDK) Up 9% to $41. NYSE listed.

China Finance Online (JRJC) Up 8% to about $38. Nasdaq listed.

Douglas A. McIntyre

IPO Pricing: China Digital TV Double Premium (STV)

China Digital TV Holding Co. Ltd. (NYSE:STV) has a premium IPO pricing, after already having raised its price range for a 12 million ADR offering.  The revised higher range was $13.00 to $15.00, and $16.00 per share is the pricing.  Morgan Stanley and Credit Suisse acted as the joint book-runners, and co-managers are Piper Jaffray, Needham, and CIBC World Markets.

China Digital TV provides conditional access systems to the digital television market in China.  The company has installed its systems at 130 digital television networks throughout China.  If you have seen the Chinese stocks this week, you’ll know why the deal price got boosted.  There was strong demand for this IPO ahead of this week, but the parabolic moves on even the smallest headlines or hints may have helped put an even higher premium into the opening price today.

As this is an NYSE offering, shares should start trading shortly after the open today.

Jon C. Ogg
October 4, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he produces the SPECIAL SITUATION INVESTING NEWSLETTER and he does not own securities in the companies he covers.