Mirae Asset

Mirae Asset reiterates a Reduce rating on LDK Solar (NYSE: LDK) and lowers its price target from $1.90 to $1.70. Mirae Asset notes, “LDK Solar has announced 1Q12 net loss of US$185m, higher than our expectations and market estimates. The 1Q12 gross margin was negative 65.5%, the same as in 4Q11....

Mirae Asset reiterates a Buy rating for Baidu.com (NASDAQ: BIDU) and lowers its price target to $180. Mirae Asset explains, “Following our recent trip to China, we found that the industry is as divided on BIDU as the Street. We believe BIDU has near-term earnings risk as its price hike in March...

Mirae Asset reiterates its Hold rating on Yingli Green Energy (NYSE: YGE) and reduces its price target from $3.50 to $2.85. Mirae Asset comments, "Yingli Green's higher polysilicon procurement costs, together with its increasing exposure to the lower ASP China market could result in gross margin...

Rather than whirling in an impeccable rotation, Perfect World (NASDAQ: PWRD) gaming developer missed the mark with its first quarter revenue. Based in People's Republic of China, PWRD brought in profits of $114.1 million, falling $2 million below Street estimates. With management guiding the...

Listed below are today's Top Upgrades at Benzinga: Desjardins Capital Markets Upgrades CGI Group (NYSE: GIB) to Buy: Desjardins went on to say “Given the outlook for CGI is more positive for 2H FY12 and FY13, in contrast to its business performance through the latter half of FY11 and 1H FY12, we...

According to a research report published this morning, Mirae Asset has upgraded Perfect World (NASDAQ: PWRD) from Hold to Buy. In the report, Mirae Asset said, "With 2,000+ R&D personnel, PWRD's current revenue growth certainly does not fully reflect its potential, in our view. PWRD has been...

According to a research report published this morning, Mirae Asset has lowered Suntech Power' (NYSE: STP) PT from $1.90 to $1.60. In the report, Mirae Asset said, "With module prices expected to sustain at a lower level, we believe high cost solar companies need to re-invent themselves either as...

According to a research report published this morning, Mirae Asset has lowered Trina Solar's (NYSE: TSL) PT from $10.40 to $7.70. In the report, Mirae Asset said, "Had it not been for the US$26m in US duty provisions, Trina Solar would have come extremely close to breaking even in 1Q12. We believe...

In a report published earlier today, Mirae Asset Global Investments Group maintained its Buy rating for NetEase.com (NASDAQ: NTES) and raised its price target from $66.00 to $68.00, in response to the recent release of the video game Diablo III. Mirae Asset said in its report “NTES’ 1Q12 top line...

According to a research report published this morning, Mirae Asset has upgraded Ctrip.com (NASDAQ: CTRP) from Hold to Buy, and increased PT from $26 to $28. Mirae Asset said in the report, "We upgrade CTRP to BUY from Hold and raise the TP from US$26 to US$28 based on (1) strong momentum of...

According to a research report published earlier today, Mirae Asset has lowered Baidu.com's (NASDAQ: BIDU) PT from $215 to $208. In the report, Mirae Asset commented, "We believe BIDU's soft 2Q12 guidance is mainly a result of the soft economy. Our recent channel checks suggested that advertising...

According to a research report published this morning, Mirae Asset has increased NetEase's (NASDAQ: NTES) PT from $61 to $66. Mirae Asset commented in the report, "Despite the lack of entry in SMW (SocialMobile-Web) games and challenges in new growth areas (mobile, SNS, online shopping, online...

According to a research report published earlier today, Mirae Asset has upgraded SINA (NASDAQ: SINA) from Hold to Buy, and has increased PT from $70 to $73. In the report, Mirae Asset said, “In our recent MBFT (Mirae Internet Business Forecast Tour), we found that new mobile Internet companies...

In a research report published today by Mirae Asset, Sina Corp. (NASDAQ: SINA) delivered a poor 4Q performance and guided for a weaker-than-expected 1Q12. According to Mirae Asset, “While performance ads in principle should do well in this economy, the Weibo Advertising System (WAS), which is...