The Zacks Analyst Blog Highlights: ATA, Noah Holdings, China Unicom, Bitauto Holdings and SouFun Holdings PR Newswire CHICAGO, July 1, 2013 CHICAGO, July 1, 2013 /PRNewswire/ --Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include ATA, Inc. (Nasdaq:ATAI-Free Report), Noah Holdings Ltd (NYSE:NOAH-Free Report), China Unicom (Hong Kong) Ltd (NYSE:CHU-Free Report), Bitauto Holdings Ltd (NYSE:BITA-Free Report) and SouFun Holdings Ltd (NYSE:SFUN-Free Report). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free. Here are highlights from Friday's Analyst Blog: 5 Chinese Stocks to Buy Now After suffering losses over seven consecutive trading days, Chinese shares have finally rebounded. Financials and real estate stocks have powered indices to their best trading day in two months. The major driver behind the rebound was an assurance from the nation's central bank that it would ensure sufficient liquidity was maintained in the economy. The Shanghai Composite Index increased 1.5% to reach 1,979.20 points. Additionally, the CSI 300 Index, which reflects the performance of 300 stocks on the Shanghai and Shenzhen stock markets, gained 1.9%. For both indices, this was the largest percentage gain over a day since April 24. Over the second quarter these indices have lost 12%. China's credit squeeze has been troubling its markets to an alarming degree recently. As the People's Bank of China firms up lending standards in order to rationalize its banking system, short-term pangs are beginning to be felt. The idea behind such a move is to reduce risks in a credit market where many companies are over-leveraged. Further, there is huge dependence on informal lending. Several businesses which cannot apply for formal loans utilize this as a regular source of financing. It has been estimated that such loans could amount to 4 trillion yuan or $650 billion. This is equivalent to nearly 7% of the nation's total credit. But stricter credit norms have led to concerns that the country's nascent recovery from an economic slump could decelerate. Growth has already declined to 7.7% in the first quarter, compared to 7.9% in the previous quarter. The central bank's actions may lead to growth falling even further moving ahead. Such fears have led Zhou Xiaochuan, governor of the People's Bank of China, to assure markets that sufficient liquidity would be maintained in the system. Speaking at a financial forum, he said that several measures would be used to maintain suitable liquidity levels "to ensure the overall stability of the market." But even if growth does decline, it is unlikely that it will fall to 2 or 3%. This is because, despite the state of the credit market, most Chinese companies are productive, unlike the Indonesian and Thai companies which were hit by the Asian crisis of 1997. Year after year now, China has continued to move higher on the Global Competitiveness Index of the World Economic Forum. Even more crucial is the fact that the Chinese government is willing to make hard decisions in order to achieve a more sustainable model of growth. Premier Li Keqiang has emphasized that growth cannot continue without radical reforms. And he as well President Xi Jinping have acknowledged the state of the banking system and promised to change the lending environment. This is why Chinese stocks remain good long-term options. We suggest five such picks, all of which hold good Zacks Rank. Computer based testing services provider ATA, Inc. (Nasdaq:ATAI-Free Report), financial services company Noah Holdings Ltd (NYSE:NOAH-Free Report) and telecom company China Unicom (Hong Kong) Ltd (NYSE:CHU-Free Report) are the first of these, all of which hold Zacks Rank #1 (Strong Buy). The first two have nearly identical expected earnings growth of 25% and 24.9%, respectively. The forward price-to-earnings Ratios (P/E) for the current financial year (F1) are 15.39 and 13.95. The third, China Unicom, has expected earnings growth of 42.03% and a P/E (F1) of 17.43. Next up we have Bitauto Holdings Ltd (NYSE:BITA-Free Report) and SouFun Holdings Ltd (NYSE:SFUN-Free Report), both of which hold Zacks Rank #2 (Buy). Both these companies provide internet based marketing services to the real estate sector. Expected earnings growth for these companies is 20%, and 27.96% respectively. The P/E (F1) figures for these companies are 12.92 and 10.05. Despite the short-term weaknesses the Chinese economy is exhibiting now, it remains an excellent prospect for the future. So this may be a good time to add these stocks to your portfolio. Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free. About Zacks Equity Research Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term. Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons. Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today. About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros. Get the full Report on ATAI - FREE Get the full Report on NOAH - FREE Get the full Report on CHU - FREE Get the full Report on BITA - FREE Get the full Report on SFUN - FREE Follow us on Twitter: http://twitter.com/zacksresearch Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Media Contact Zacks Investment Research 800-767-3771 ext. 9339 email@example.com http://www.zacks.com Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumedthat any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein andis subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release. SOURCE Zacks Investment Research, Inc. Website: http://www.zacks.com
The Zacks Analyst Blog Highlights: ATA, Noah Holdings, China Unicom, Bitauto Holdings and SouFun Holdings
Press spacebar to pause and continue. Press esc to stop.