Morgan Stanley Predicts Profitability Ahead For VisionChina Media

According to Morgan Stanley, VisionChina Media VISN sales expanded 39% YoY to US$32.5mn, within the company's guidance. Morgan Stanley said that non-GAAP net loss (ex-SBC and impairment charges) was US$10.9mn, in line with its guidance but below the expectation primarily due to a one-off penalty related to early contract termination. VisionChina Media closed yesterday at $4.15.