The Semiconductor Industry serves as a driver, enabler and indicator of technological progress. Developments in the industry determine the way we work, transport ourselves, communicate, entertain ourselves and respond to our environment. For example, the PCs we use, the cars we drive, the phones with which we communicate, the electronic gadgets on which we watch movies, listen to music and play games, and the planes and weapons used to protect us all use semiconductor devices.

As environmental issues have become more of a concern today, semiconductor devices are being made to reduce power consumption, reduce heat dissipation, capture solar energy, create more efficient lighting solutions, and so forth.

The industry has come a long way since the last downturn, with most of the players streamlining operations and transferring more routine production to low-cost locations. This has led to the development of the Asian market, where most memory production and backend operations have shifted. According to the Semiconductor Industry Association (SIA), the Asia/Pacific region (excluding Japan) accounted for 53% of total semiconductor sales in September this year. Japan produced another 17%, followed by the Americas and Europe with 17% and 13%, respectively.

The computing market is not the only driver of semiconductor sales any more. Not only has the market matured, but it has also been severely impacted by the recession. Enterprise spending on computing has dropped, and higher levels of commoditization and corresponding pricing pressures have made it a lower-margin business. As a result, a number of chip companies have shifted focus to other areas.

The consumer electronics market is growing in importance, especially gadgets such as LCD TVs, blu-ray players, smartphones and netbooks. The problem with this segment being the major driver is its inherently low margins. Competition is fierce and aggressive pricing is the rule of the day. Therefore, although the Consumer Electronics Association (CEA) expects shipments of LCD displays, blu-ray players and netbooks to increase 24%, 112% and 85%, respectively in 2009, it expects industry-wide revenue to be down 7.7%.

Smartphones are expected to be the exception, with revenue growing around 3% this year. Since semiconductors made for consumer goods are in the nature of components, there is ever-increasing pressure on their prices that correspondingly squeeze margins.

Communications infrastructure spending is currently being driven by China, although there are some signs of improvement in the domestic market. Medical Devices is an upcoming area and some IC makers have started developing products targeted at this market as well.

According to Autodata Corporation (as quoted by the CEA), vehicle sales have declined 40% from the fourth quarter of 2007 to the second quarter of 2009. The decline was driven by the recession and the industry's dependence on the lending environment.

However, there are a number of positives for semiconductor manufacturers serving this market. The most important is the growing electronic content per vehicle, driven by the need for fuel efficiency, entertainment and automated navigation. The fact that an automobile has a significantly longer life than a consumer device is an added bonus, as once a semiconductor has been designed in, it continues to generate revenue for a number of years. This leads to a stable business model.

The aerospace and defense markets are dependent on government spending and policy making. Currently, government spending is targeted at terrorist activity, so spending on intelligence systems and less sophisticated weaponry remains strong. Companies offering sophisticated weapons are not doing as well. Commercial aerospace remains affected by tight lending conditions. So semiconductor manufacturers serving these markets are seeing mixed results, depending on the customers served.

Given the end markets driving the current strength in the industry, we tend to think that manufacturers of DRAM and flash (both NAND and NOR) will continue to see strong demand. The transition from DDR2 to DDR3 will add to growth in this segment.

The demand for greater functionality in smaller and more power efficient gadgets is leading to greater integration within the semiconductor device. This is leading to increased demand for the system-on-a-chip (SoC), which is a single device incorporating a microprocessor, digital signal processor or graphics core, as well as memory and logic. Within SoCs, both application specific integrated circuits (ASICs) and application specific standard products are expected to do well. ASICs are usually customized for a single buyer, while ASSPs may have multiple buyers.

The major players in the industry may be categorized into chipmakers, equipment and material suppliers, and foundries.

According to Gartner Dataquest and iSuppli Corp, Intel Corp (INTC), Samsung and Toshiba Corp. were the top three semiconductor suppliers in 2008. Texas Instruments (TXN) dropped to the fourth position, as the company decided to phase off its wireless baseband business. STMicroelectronics (STM) was in fifth, followed by Japan's Renesas. Sony (SNE), Qualcomm (QCOM) and Hynix stepped into the top ten for the first time, filling the next three positions. Infineon stayed at number 10.

The top three equipment suppliers in 2008 according to VLSI Research were Applied Materials (AMAT), ASML Holdings N.V. (ASML), and Tokyo Electron Ltd. KLA-Tencor (KLAC), Lam Research Corp (LRCX), Nikon, Canon (CAJ), Hitachi, Dainippon and Novellus Systems (NVLS) are the others in the top ten. VLSI estimates that the top fifteen equipment suppliers generated around 70% of 2008 sales. Around 46% of equipment sales were from the U.S., Japan accounted for 36%, while the rest came from Europe.

All of the top five foundries are located in Asia. Taiwan Semiconductor Manufacturing Company (TSM) and United Microelectronics Corp (UMC), the two largest players in 2008, are located in Taiwan. Chartered Semiconductor Manufacturing (CHRT) is located in Singapore, Semiconductor Manufacturing International Corp (SMI) is in China and Vanguard is also in Taiwan.

OPPORTUNITIES

Manufacturing digital ICs is expensive, as it requires state-of-the-art technology and processes. On the other hand, digital products are cheaper, so cost recovery is more difficult. This has led to specialization in the industry and a greater contribution from Asian companies.

We particularly like Taiwan Semiconductor Manufacturing Company (TSM), the world's largest pureplay foundry, which has started seeing very strong demand from all served end markets. The company is a technology leader and management intends to maintain this lead through R&D investment in 28nm and 22nm process technologies. Higher utilization and cost controls are also driving margins.

U.S. production is more focused on the analog side, which is a market dependent on innovation. Consequently, these products generate higher margins. They are also more customized and have longer life cycles.

These advantages are not lost on U.S. players, so the number of companies entering the market is on the rise. Our favorites in this area include Texas Instruments (TXN) and Analog Devices (ADI), both of which are seeing strengthening demand.

Although other players, such as Semtech Corp (SMTC), Intersil Corp (ISIL), Maxim Integrated Products (MXIM) and Linear Technology (LLTC) are also benefiting from stronger end demand and inventory builds at distributors, other factors makes us a bit cautious about these stocks. For example, Maxim changed its growth strategy last year, which continues to impact margins. Linear Technology also revamped its portfolio, increasing its focus on the auto market. Consequently, the company has been hard-hit by the tight lending conditions.

Microprocessors are a big market dominated by a few players. We are positive about Intel (INTC) because of its market position, superior innovation, effective strategies and strong cash position. However, the company’s dependence on the PC market and recent negative publicity could impact stock prices in the near term.

Advanced Micro Devices (AMD), on the other hand, is low on cash and market position, although the company’s competitive products, the foundry spin-off and recent agreement with Intel indicate upside for the stock. It is hard to ignore ARM Holdings (ARMH) in this space, as the company’s power-efficient low-performance chips dominate the growing cell phone market.

We also like logic maker Xilinx (XLNX) for its product innovation and position in China.

WEAKNESSES

The semiconductor companies we are concerned about include those with very weak financials, such as Exar Corp. (EXAR) and FormFactor (FORM). For instance, FORM continues to burn cash despite strong demand for its specialized probe cards. It also has significant customer and market concentration that increase execution risks.

TriQuint Semiconductor (TQNT) has been severely impacted by the recession, and the slower recovery in the communications networking market is telling on results.

SIA Forecast 2009-2011

The Semiconductor Industry Association expects 2009 sales of $219.7 billion, an 11.6% decline from 2008 levels. However, sales are expected to increase over the next two years, by 10.2% in 2010 and 8.4% in 2011. The forecast for 2009 is better than before due to particular strength in PCs and cell phones, which make up 60% of total semiconductor demand.Zacks Investment Research

The Semiconductor Industry serves as a driver, enabler and indicator of technological progress. Developments in the industry determine the way we work, transport ourselves, communicate, entertain ourselves and respond to our environment. For example, the PCs we use, the cars we drive, the phones with which we communicate, the electronic gadgets on which we watch [...]

($INTC) Semiconductor Industry – Industry Outlook

The Semiconductor Industry serves as a driver, enabler and indicator of technological progress. Developments in the industry determine the way we work, transport ourselves, communicate, entertain ourselves and respond to our environment. For example, the PCs we use, the cars we drive, the phones with which we communicate, the electronic gadgets on which we watch movies, listen to music and play games, and the planes and weapons used to protect us all use semiconductor devices.

As environmental issues have become more of a concern today, semiconductor devices are being made to reduce power consumption, reduce heat dissipation, capture solar energy, create more efficient lighting solutions, and so forth.

The industry has come a long way since the last downturn, with most of the players streamlining operations and transferring more routine production to low-cost locations. This has led to the development of the Asian market, where most memory production and backend operations have shifted. According to the Semiconductor Industry Association (SIA), the Asia/Pacific region (excluding Japan) accounted for 53% of total semiconductor sales in September this year. Japan produced another 17%, followed by the Americas and Europe with 17% and 13%, respectively.

The computing market is not the only driver of semiconductor sales any more. Not only has the market matured, but it has also been severely impacted by the recession. Enterprise spending on computing has dropped, and higher levels of commoditization and corresponding pricing pressures have made it a lower-margin business. As a result, a number of chip companies have shifted focus to other areas.

The consumer electronics market is growing in importance, especially gadgets such as LCD TVs, blu-ray players, smartphones and netbooks. The problem with this segment being the major driver is its inherently low margins. Competition is fierce and aggressive pricing is the rule of the day. Therefore, although the Consumer Electronics Association (CEA) expects shipments of LCD displays, blu-ray players and netbooks to increase 24%, 112% and 85%, respectively in 2009, it expects industry-wide revenue to be down 7.7%.

Smartphones are expected to be the exception, with revenue growing around 3% this year. Since semiconductors made for consumer goods are in the nature of components, there is ever-increasing pressure on their prices that correspondingly squeeze margins.

Communications infrastructure spending is currently being driven by China, although there are some signs of improvement in the domestic market. Medical Devices is an upcoming area and some IC makers have started developing products targeted at this market as well.

According to Autodata Corporation (as quoted by the CEA), vehicle sales have declined 40% from the fourth quarter of 2007 to the second quarter of 2009. The decline was driven by the recession and the industry’s dependence on the lending environment.

However, there are a number of positives for semiconductor manufacturers serving this market. The most important is the growing electronic content per vehicle, driven by the need for fuel efficiency, entertainment and automated navigation. The fact that an automobile has a significantly longer life than a consumer device is an added bonus, as once a semiconductor has been designed in, it continues to generate revenue for a number of years. This leads to a stable business model.

The aerospace and defense markets are dependent on government spending and policy making. Currently, government spending is targeted at terrorist activity, so spending on intelligence systems and less sophisticated weaponry remains strong. Companies offering sophisticated weapons are not doing as well. Commercial aerospace remains affected by tight lending conditions. So semiconductor manufacturers serving these markets are seeing mixed results, depending on the customers served.

Given the end markets driving the current strength in the industry, we tend to think that manufacturers of DRAM and flash (both NAND and NOR) will continue to see strong demand. The transition from DDR2 to DDR3 will add to growth in this segment.

The demand for greater functionality in smaller and more power efficient gadgets is leading to greater integration within the semiconductor device. This is leading to increased demand for the system-on-a-chip (SoC), which is a single device incorporating a microprocessor, digital signal processor or graphics core, as well as memory and logic. Within SoCs, both application specific integrated circuits (ASICs) and application specific standard products are expected to do well. ASICs are usually customized for a single buyer, while ASSPs may have multiple buyers.

The major players in the industry may be categorized into chipmakers, equipment and material suppliers, and foundries.

According to Gartner Dataquest and iSuppli Corp, Intel Corp (INTC), Samsung and Toshiba Corp. were the top three semiconductor suppliers in 2008. Texas Instruments (TXN) dropped to the fourth position, as the company decided to phase off its wireless baseband business. STMicroelectronics (STM) was in fifth, followed by Japan’s Renesas. Sony (SNE), Qualcomm (QCOM) and Hynix stepped into the top ten for the first time, filling the next three positions. Infineon stayed at number 10.

The top three equipment suppliers in 2008 according to VLSI Research were Applied Materials (AMAT), ASML Holdings N.V. (ASML), and Tokyo Electron Ltd. KLA-Tencor (KLAC), Lam Research Corp (LRCX), Nikon, Canon (CAJ), Hitachi, Dainippon and Novellus Systems (NVLS) are the others in the top ten. VLSI estimates that the top fifteen equipment suppliers generated around 70% of 2008 sales. Around 46% of equipment sales were from the U.S., Japan accounted for 36%, while the rest came from Europe.

All of the top five foundries are located in Asia. Taiwan Semiconductor Manufacturing Company (TSM) and United Microelectronics Corp (UMC), the two largest players in 2008, are located in Taiwan. Chartered Semiconductor Manufacturing (CHRT) is located in Singapore, Semiconductor Manufacturing International Corp (SMI) is in China and Vanguard is also in Taiwan.

OPPORTUNITIES

Manufacturing digital ICs is expensive, as it requires state-of-the-art technology and processes. On the other hand, digital products are cheaper, so cost recovery is more difficult. This has led to specialization in the industry and a greater contribution from Asian companies.

We particularly like Taiwan Semiconductor Manufacturing Company (TSM), the world’s largest pureplay foundry, which has started seeing very strong demand from all served end markets. The company is a technology leader and management intends to maintain this lead through R&D investment in 28nm and 22nm process technologies. Higher utilization and cost controls are also driving margins.

U.S. production is more focused on the analog side, which is a market dependent on innovation. Consequently, these products generate higher margins. They are also more customized and have longer life cycles.

These advantages are not lost on U.S. players, so the number of companies entering the market is on the rise. Our favorites in this area include Texas Instruments (TXN) and Analog Devices (ADI), both of which are seeing strengthening demand.

Although other players, such as Semtech Corp (SMTC), Intersil Corp (ISIL), Maxim Integrated Products (MXIM) and Linear Technology (LLTC) are also benefiting from stronger end demand and inventory builds at distributors, other factors makes us a bit cautious about these stocks. For example, Maxim changed its growth strategy last year, which continues to impact margins. Linear Technology also revamped its portfolio, increasing its focus on the auto market. Consequently, the company has been hard-hit by the tight lending conditions.

Microprocessors are a big market dominated by a few players. We are positive about Intel (INTC) because of its market position, superior innovation, effective strategies and strong cash position. However, the company’s dependence on the PC market and recent negative publicity could impact stock prices in the near term.

Advanced Micro Devices (AMD), on the other hand, is low on cash and market position, although the company’s competitive products, the foundry spin-off and recent agreement with Intel indicate upside for the stock. It is hard to ignore ARM Holdings (ARMH) in this space, as the company’s power-efficient low-performance chips dominate the growing cell phone market.

We also like logic maker Xilinx (XLNX) for its product innovation and position in China.

WEAKNESSES

The semiconductor companies we are concerned about include those with very weak financials, such as Exar Corp. (EXAR) and FormFactor (FORM). For instance, FORM continues to burn cash despite strong demand for its specialized probe cards. It also has significant customer and market concentration that increase execution risks.

TriQuint Semiconductor (TQNT) has been severely impacted by the recession, and the slower recovery in the communications networking market is telling on results.

SIA Forecast 2009-2011

The Semiconductor Industry Association expects 2009 sales of $219.7 billion, an 11.6% decline from 2008 levels. However, sales are expected to increase over the next two years, by 10.2% in 2010 and 8.4% in 2011. The forecast for 2009 is better than before due to particular strength in PCs and cell phones, which make up 60% of total semiconductor demand.Zacks Investment Research

The Semiconductor Industry serves as a driver, enabler and indicator of technological progress. Developments in the industry determine the way we work, transport ourselves, communicate, entertain ourselves and respond to our environment. For example, the PCs we use, the cars we drive, the phones with which we communicate, the electronic gadgets on which we watch movies, listen to music and play games, and the planes and weapons used to protect us all use semiconductor devices.

As environmental issues have become more of a concern today, semiconductor devices are being made to reduce power consumption, reduce heat dissipation, capture solar energy, create more efficient lighting solutions, and so forth.

The industry has come a long way since the last downturn, with most of the players streamlining operations and transferring more routine production to low-cost locations. This has led to the development of the Asian market, where most memory production and backend operations have shifted. According to the Semiconductor Industry Association (SIA), the Asia/Pacific region (excluding Japan) accounted for 53% of total semiconductor sales in September this year. Japan produced another 17%, followed by the Americas and Europe with 17% and 13%, respectively.

The computing market is not the only driver of semiconductor sales any more. Not only has the market matured, but it has also been severely impacted by the recession. Enterprise spending on computing has dropped, and higher levels of commoditization and corresponding pricing pressures have made it a lower-margin business. As a result, a number of chip companies have shifted focus to other areas.

The consumer electronics market is growing in importance, especially gadgets such as LCD TVs, blu-ray players, smartphones and netbooks. The problem with this segment being the major driver is its inherently low margins. Competition is fierce and aggressive pricing is the rule of the day. Therefore, although the Consumer Electronics Association (CEA) expects shipments of LCD displays, blu-ray players and netbooks to increase 24%, 112% and 85%, respectively in 2009, it expects industry-wide revenue to be down 7.7%.

Smartphones are expected to be the exception, with revenue growing around 3% this year. Since semiconductors made for consumer goods are in the nature of components, there is ever-increasing pressure on their prices that correspondingly squeeze margins.

Communications infrastructure spending is currently being driven by China, although there are some signs of improvement in the domestic market. Medical Devices is an upcoming area and some IC makers have started developing products targeted at this market as well.

According to Autodata Corporation (as quoted by the CEA), vehicle sales have declined 40% from the fourth quarter of 2007 to the second quarter of 2009. The decline was driven by the recession and the industry’s dependence on the lending environment.

However, there are a number of positives for semiconductor manufacturers serving this market. The most important is the growing electronic content per vehicle, driven by the need for fuel efficiency, entertainment and automated navigation. The fact that an automobile has a significantly longer life than a consumer device is an added bonus, as once a semiconductor has been designed in, it continues to generate revenue for a number of years. This leads to a stable business model.

The aerospace and defense markets are dependent on government spending and policy making. Currently, government spending is targeted at terrorist activity, so spending on intelligence systems and less sophisticated weaponry remains strong. Companies offering sophisticated weapons are not doing as well. Commercial aerospace remains affected by tight lending conditions. So semiconductor manufacturers serving these markets are seeing mixed results, depending on the customers served.

Given the end markets driving the current strength in the industry, we tend to think that manufacturers of DRAM and flash (both NAND and NOR) will continue to see strong demand. The transition from DDR2 to DDR3 will add to growth in this segment.

The demand for greater functionality in smaller and more power efficient gadgets is leading to greater integration within the semiconductor device. This is leading to increased demand for the system-on-a-chip (SoC), which is a single device incorporating a microprocessor, digital signal processor or graphics core, as well as memory and logic. Within SoCs, both application specific integrated circuits (ASICs) and application specific standard products are expected to do well. ASICs are usually customized for a single buyer, while ASSPs may have multiple buyers.

The major players in the industry may be categorized into chipmakers, equipment and material suppliers, and foundries.

According to Gartner Dataquest and iSuppli Corp, Intel Corp (INTC), Samsung and Toshiba Corp. were the top three semiconductor suppliers in 2008. Texas Instruments (TXN) dropped to the fourth position, as the company decided to phase off its wireless baseband business. STMicroelectronics (STM) was in fifth, followed by Japan’s Renesas. Sony (SNE), Qualcomm (QCOM) and Hynix stepped into the top ten for the first time, filling the next three positions. Infineon stayed at number 10.

The top three equipment suppliers in 2008 according to VLSI Research were Applied Materials (AMAT), ASML Holdings N.V. (ASML), and Tokyo Electron Ltd. KLA-Tencor (KLAC), Lam Research Corp (LRCX), Nikon, Canon (CAJ), Hitachi, Dainippon and Novellus Systems (NVLS) are the others in the top ten. VLSI estimates that the top fifteen equipment suppliers generated around 70% of 2008 sales. Around 46% of equipment sales were from the U.S., Japan accounted for 36%, while the rest came from Europe.

All of the top five foundries are located in Asia. Taiwan Semiconductor Manufacturing Company (TSM) and United Microelectronics Corp (UMC), the two largest players in 2008, are located in Taiwan. Chartered Semiconductor Manufacturing (CHRT) is located in Singapore, Semiconductor Manufacturing International Corp (SMI) is in China and Vanguard is also in Taiwan.

OPPORTUNITIES

Manufacturing digital ICs is expensive, as it requires state-of-the-art technology and processes. On the other hand, digital products are cheaper, so cost recovery is more difficult. This has led to specialization in the industry and a greater contribution from Asian companies.

We particularly like Taiwan Semiconductor Manufacturing Company (TSM), the world’s largest pureplay foundry, which has started seeing very strong demand from all served end markets. The company is a technology leader and management intends to maintain this lead through R&D investment in 28nm and 22nm process technologies. Higher utilization and cost controls are also driving margins.

U.S. production is more focused on the analog side, which is a market dependent on innovation. Consequently, these products generate higher margins. They are also more customized and have longer life cycles.

These advantages are not lost on U.S. players, so the number of companies entering the market is on the rise. Our favorites in this area include Texas Instruments (TXN) and Analog Devices (ADI), both of which are seeing strengthening demand.

Although other players, such as Semtech Corp (SMTC), Intersil Corp (ISIL), Maxim Integrated Products (MXIM) and Linear Technology (LLTC) are also benefiting from stronger end demand and inventory builds at distributors, other factors makes us a bit cautious about these stocks. For example, Maxim changed its growth strategy last year, which continues to impact margins. Linear Technology also revamped its portfolio, increasing its focus on the auto market. Consequently, the company has been hard-hit by the tight lending conditions.

Microprocessors are a big market dominated by a few players. We are positive about Intel (INTC) because of its market position, superior innovation, effective strategies and strong cash position. However, the company’s dependence on the PC market and recent negative publicity could impact stock prices in the near term.

Advanced Micro Devices (AMD), on the other hand, is low on cash and market position, although the company’s competitive products, the foundry spin-off and recent agreement with Intel indicate upside for the stock. It is hard to ignore ARM Holdings (ARMH) in this space, as the company’s power-efficient low-performance chips dominate the growing cell phone market.

We also like logic maker Xilinx (XLNX) for its product innovation and position in China.

WEAKNESSES

The semiconductor companies we are concerned about include those with very weak financials, such as Exar Corp. (EXAR) and FormFactor (FORM). For instance, FORM continues to burn cash despite strong demand for its specialized probe cards. It also has significant customer and market concentration that increase execution risks.

TriQuint Semiconductor (TQNT) has been severely impacted by the recession, and the slower recovery in the communications networking market is telling on results.

SIA Forecast 2009-2011

The Semiconductor Industry Association expects 2009 sales of $219.7 billion, an 11.6% decline from 2008 levels. However, sales are expected to increase over the next two years, by 10.2% in 2010 and 8.4% in 2011. The forecast for 2009 is better than before due to particular strength in PCs and cell phones, which make up 60% of total semiconductor demand.Zacks Investment Research

See the rest of the story here.

Theflyonthewall.com is Wall Street's specialist in breaking equity news. Veteran traders build a proprietary feed of news that's faster and more relevant than any other source. Try us for free and discover for yourself.

China Eastern Airlines (NYSE: CEA, SHA: 600115, HKG: 0670) will become the nation's second biggest carrier in terms of fleet size after its assets merger with Shanghai Airlines (SHA: 600029) has been approved ... more

China Eastern Airlines (NYSE: CEA, SHA: 600115, HKG: 0670), the nation's third biggest carrier, has teamed up with Alipay.com, an intermediary payment service provider run by China's top trading site Alibaba. ... more

Chinese airline stocks continue to shed recent gains, partly on disappointment that Beijing didn't given any signal it would let the yuan rise while Barack Obama was in town.

The recently raised aviation fuel surcharge will bring ¥8.2 billion ($1 = ¥6.83) extra in revenue for China's civil aviation industry next year, a Citic Securities analyst has predicted. The increase lifting ... more

Air passenger and cargo traffic grew 18% and 20.3% in China in October compared to a year earlier, the Civil Aviation Administration of China said Tuesday. International component of total air cargo ... more

BANGALORE, INDIA--November 13, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--India's state-run Central Electrical Authority (CEA) (New Delhi) has said that an ongoing shortage of coal may force the country's coal-based power plants to cease operations. According to an internal report released by the CEA in October, India would face a shortage of 74 million tons of coal in 2012, necessitating the import of about 50 million tons.

Other companies featured: NTPC Limited (BSE:532555), Reliance Power Limited (BSE:532939), Tata Power Company Limited (BSE:500400)

China's popular travel portal chalks up another blowout quarter.  

Below are interesting mid-cap stocks on the NYSE and NASDAQ with the highest earnings growth estimate.

China Southern Airlines Co Ltd (NYSE: ZNH) has a consensus estimate for 5-year earnings growth of 102.14%. CPY has a market capitalization of $2.18 billion. Citigroup upgraded ZNH from “sell” to “buy.”

Agnico-Eagle Mines Ltd (NYSE: AEM) has a consensus estimate for 5-year earnings growth of 59.00%. AEM has a market capitalization of $9.35 billion. UBS upgraded AEM from “neutral” to “buy.”

China Eastern Airlines Corp Ltd (NYSE: CEA) has a consensus estimate for 5-year earnings growth of 57.84%. CEA has a market capitalization of $2.25 billion. CEA shares are trading at a price significantly short of their 52-week high of $35.50.

Tidewater Inc (NYSE: TDW) has a consensus estimate for 5-year earnings growth of 57.00%. CPY has a market capitalization of $2.32 billion. TDW has a PEG ratio of 0.15.

CTC Media Inc (NASDAQ: CTCM) has a consensus estimate for 5-year earnings growth of 42%. CPY has a market capitalization of $2.73 billion. JP Morgan upgraded CTCM from “neutral” to “overweight.”

See the rest of the story here.

Theflyonthewall.com is Wall Street's specialist in breaking equity news. Veteran traders build a proprietary feed of news that's faster and more relevant than any other source. Try us for free and discover for yourself.

China Eastern Gets Stock-sale OK, Shares Jump

David Hunkar submits:

The complete list of Chinese ADRs traded on U.S. organized exchanges is listed below:

ADR Name	Ticker	Industry
3SBIO	SSRX	Pharma. & Biotech.
51job	JOBS	Support Services
Acorn	ATV	General Retailers
Actions Semiconductor	ACTS	Tech.Hardware&Equip.
Agria Corporation	GRO	Food Producers
Airmedia	AMCN	Media
Aluminum Corporation of China	ACH	Indust.Metals&Mining
ATA Inc	ATAI	General Retailers
Baidu	BIDU	Software&ComputerSvc
Changyou.com	CYOU	Software&ComputerSvc
ChemSpec International	CPC	Chemicals
China Digital TV Holding	STV	Electron.&ElectricEq
China Distance Education	DL	Support Services
China Eastern Airlines	CEA	Travel & Leisure
China Finance Online	JRJC	Software&ComputerSvc
China GrenTech	GRRF	Tech.Hardware&Equip.
China Life Insurance	LFC	Life Insurance
China Mass Media	CMM	Media
China Medical Technologies	CMED	HealthCareEquip.&Ser
China Mobile	CHL	Mobile Telecom.
China National Offshore Oil-CNOOC	CEO	Oil & Gas Producers
China Nepstar Chain Drugstore	NPD	Food &Drug Retailers
China Petroleum & Chemical	SNP	Oil & Gas Producers
China Southern Airlines	ZNH	Travel & Leisure
China Sunergy	CSUN	Alternative Energy
China Techfaith Wireless Communication	CNTF	Tech.Hardware&Equip.
China Telecom	CHA	Fixed Line Telecom.
China Unicom (Hong Kong) Limited	CHU	Mobile Telecom.
ChinaEdu	CEDU	General Retailers
CNInsure	CISG	Nonlife Insurance
CTrip.com International	CTRP	Travel & Leisure
Duoyuan Global Water	DGW	Gas,H20&Multiutility
E-House (China)	EJ	Real Estate Inv&Serv
eLong	LONG	Travel & Leisure
Focus Media	FMCN	Media
Giant Interactive Group	GA	Leisure Goods
Guangshen Railway	GSH	Travel & Leisure
Gushan Environmental Energy	GU	Alternative Energy
Home Inns & Hotels Management	HMIN	Travel & Leisure
Huaneng Power International	HNP	Electricity
Hurray!	HRAY	Mobile Telecom.
JA Solar	JASO	Alternative Energy
KongZhong	KONG	Mobile Telecom.
LDK Solar	LDK	Alternative Energy
Linktone	LTON	Mobile Telecom.
Longtop Financial Technologies	LFT	Software&ComputerSvc
Mindray Medical International	MR	HealthCareEquip.&Ser
Netease.com	NTES	Software&ComputerSvc
New Oriental Education & Technology	EDU	General Retailers
Ninetowns Internet Technology	NINE	Software&ComputerSvc
Noah Education	NED	Leisure Goods
Perfect World	PWRD	Leisure Goods
PetroChina	PTR	Oil & Gas Producers
ReneSola	SOL	Alternative Energy
Shanda Games	GAME	Media
Shanda Interactive Entertainment	SNDA	Leisure Goods
Simcere Pharmaceutical	SCR	Pharma. & Biotech.
Sinopec Shanghai Petrochemical	SHI	Chemicals
Solarfun Power	SOLF	Alternative Energy
Spreadtrum Communications	SPRD	Tech.Hardware&Equip.
Suntech Power	STP	Alternative Energy
The9	NCTY	Leisure Goods
Tongjitang Chinese Medicines	TCM	Pharma. & Biotech.
Trina Solar	TSL	Alternative Energy
VanceInfo Technologies	VIT	Software&ComputerSvc
Vimicro International	VIMC	Tech.Hardware&Equip.
VisionChina Media	VISN	Media
WSP Holdings	WH	OilEquip.,Serv.&Dist
WuXi Pharmatech	WX	Pharma. & Biotech.
Xinhua Sports & Entertainment	XSEL	Media
Xinyuan Real Estate	XIN	Real Estate Inv&Serv
Yanzhou Coal Mining	YZC	Mining
Yingli Green Energy	YGE	Alternative Energy

Complete Story »

China Eastern Airlines' (NYSE: CEA, SHA: 600115, HKG: 0670) Zhejiang branch was officially unveiled in Hangzhou, the provincial capital Tuesday. The nation's third biggest carrier will increase the number of planes operating ... more

Arlington, Va. - The Consumer Electronics Association (CEA), the trade group for the U.S. consumer electronics industry, said that it has acquired an unspecified stake in California-based Global Inventures, which specializes in developing industry alliances across the high tech, green energy and healthcare markets, with an eye on delivering standardized products to the market.

read more