Hong Kong Analyst Questions China.com Numbers; Cautions of China Prosperity Holdings Technology in an Exclusive Interview with StockHouse.com
NEW YORK, Nov. 30 /PRNewswire/ -- Top Asian Internet analyst Osamu Wilde of Jardine Flemming cautioned investors, in an exclusive StockHouse.com interview, about pageviews and/or hits claimed by China.com (Nasdaq: CHINA - news) stating, ``I think quite a few of them are somewhat inflated. I think we might be a little disappointed.' He was also asked about potential Asian misrepresentations and replied, ``I'm looking forward to companies setting up third-party auditing. I think A.C. Nielson is doing a survey certainly for the Hong Kong audience this quarter some time.'
Wilde also blasted China Prosperity Holdings (Nasdaq: CPIH - news), saying, ``These are the guys that are going to use VDSLs, a largely untested technology that's trying to beat the Telco incumbent at its own game. Have they rolled off anywhere? I don't think so.'
Wilde also warned that foreign investments in Chinese Internet companies may need to be reduced, saying, ``There's sort of another conflicting argument which says that it has to be reduced below 50% or to 50%, at least.'
The entire interview will be available Tuesday, November 30, at 7 p.m. EST at stockhouse.com.
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