Hi Lizzie, I see that NTES and TOMO have been the two barn burners out of the 7 stocks that Mary Meeker and Morgan Stanley picked up coverage on in the China Net arena this past month.
I guess that Netease's Pay to Play is a worthwhile Bullet Point Positive for the Company's Business Model.
"One challenge for all companies in the sector is China's lax approach to pirating and bootlegging of intellectual property. Getting paid can be a big challenge for video game providers. Netease's pay-to-play approach solves the problem."
The TOMO chart looks extraordinarily bullish.
it's cleared out all of the overhead resistance at 16-17 since it went public on the NASD in March of 2004.
it's got the strongest MACD and RSI it's ever registered with no momentum divergence at all on the daily chart.
a PE of 30.... a Market Cap of 1 billion and it's providing content to 137 million China wireless users.
a little blurb from the Yahoo profile on TOMO..
It delivers its products and services from its Internet portal to the users through their mobile phones and through the company’s Web sites. TOM Online’s primary business activities include wireless Internet services and online advertising. The company’s wireless Internet services comprise wireless Internet data services and wireless Internet voice services. Its wireless data services include short messaging services, multimedia messaging services, and wireless application protocol services. Through these services, the company provides download, information, and community-oriented products, such as news headlines, sports, games, ring tones, ring back tones, dating, and wallpapers
............... TOM Online’s wireless Internet voice services consist of wireless interactive voice response services (IVRs) and ring-back tone services. Through its IVRs, it offers music and celebrity voice greetings; sports-related products, such as score updates for English Premier League soccer games; community oriented products, such as chat and dating services; and information products, such as weather information. The company’s online advertising services provide various free online services, including free email, Internet navigation and search capabilities, content channels, online directory listings, chat room, and online bulletin boards. In addition, it offer fee-based online directory listing services. The company’s commercial enterprise solutions provide technical consulting services for Internet-related computer hardware and software needs of its clients. As of December 31, 2004, it had approximately 137 million cumulative registered users of its wireless data services
...... I notice that the David Reidel had some positive thoughts on TOMO in the August 29th interview in Barron's
Tom Online, a leading provider of wireless value-added services, is a strong performer. It has assembled a very impressive array of companies and services through a series of acquisitions. It recently formed a partnership with Warner Brothers to be its exclusive distributor of Warner Brothers media online in China. It also has a promising co-branded service with Skype -- the VoIP [voice-over-Internet protocol] provider. The shares haven't done much recently, as a result of concern over the direction of short-message and other wireless services in China. But we believe investors will be surprised by the strong contributions from Tom Online's other niche markets |
