StockIceMan's Weekly Stock Pick
Week of
January 3, 2005
| Stock: |
KongZhong Corporation |
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| Ticker Symbol: |
KONG - Nasdaq - Computer Services |
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| Buy: |
9.25 to 9.50 |
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|
| Sell: |
15.00 + |
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Info: |
KongZhong Corporation is a
provider of advanced second-generation (2.5G)
wireless interactive entertainment, media and
community services. In addition, the Company has
begun to provide wireless value-added services
on the networks of China United
Telecommunications Corporation (China Unicom),
China Telecommunications Corporation (China
Telecom) and China Network Communications Group
Corporation (China Netcom). Each of China
Mobile, China Unicom, China Telecom and China
Netcom is a state-owned enterprise, the majority
of the equity interest of which is owned by the
People's Republic of China. KongZhong provides
services throughout China. KongZhong's services
are organized in three major categories,
consisting of: Interactive entertainment, Media
and Community services. In March 2004, the
Company changed its name from Communication Over
The Air Inc. to KongZhong Corporation. |
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| Financial Info: |
For the nine months ended
9/30/04, revenues totaled $31.5 million, up from
$4 million. Net income totaled $13.8 million, up
from $848 thousand |
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| Key Ratios: |
Current
Ratio: 18.32, Total Debt/Equity: 0.00, Trailing
P/E: 18.48x, Forward P/E: 16.57x, Price/Book:
3.68, Price/Sales: 9.69 |
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|
| Share Info: |
There are 34.25
million shares outstanding with 10.00
million shares in the trading
float. Institutions own
approximately 19.39% of the shares outstanding.
There have been no insider purchases or sales of shares in the last six months.
Real-Time SEC
Filings
As of 12/15/2004, there were 942,000 shares short.
Net Institutional Buying: N/A: prior to latest
quarter. |
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| Articles: |
KongZhong Corporation
Invests in eFriendsNet |
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