Growth Profile of GA Intact

Analysts at Citigroup maintain their "hold" rating on Giant Interactive Group GA. The target price for GA has been reduced from $8 to $7.80. Citigroup says, “Giant reported 2Q10 results below Street expectations but in-line with our numbers mainly due to more stable growth of monetization metrics vs. more aggressive expectation from the Street.” “For 3Q, management commented existing games performance remains steady with gradual improvement, while also expecting incremental contribution from newly launched games. Our thesis is unchanged, as we continue to feel more positive on the company’s overall growth profile in 2H10 and into 2011, but are waiting for more concrete evidence of bigger upside surprise from new games traction as well as margin expansion,” the analysts add. More Analyst Ratings here