The Zacks Analyst Blog Highlights: ATA, Noah Holdings, China Unicom, Bitauto Holdings and SouFun Holdings

 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/ 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).


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

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.

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