NEW YORK, April 24, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including GasLog Ltd (NYSE: GLOG), Xueda Education Group (ADR) (NYSE: XUE), China Nepstar Chain Drugstore Ltd. (ADR) (NYSE: NPD), China Jo-Jo Drugstores Inc. (NASDAQ: CJJD), and China Eastern Airlines Corp. Ltd. (ADR) (NYSE: CEA). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
GLOG Research Report: ( http://get.analystsreview.com/pdf/?c=GasLog&d=24-Apr-2015&s=GLOG ),
XUE Research Report: ( http://get.analystsreview.com/pdf/?c=Xueda%20Education&d=24-Apr-2015&s=XUE ),
NPD Research Report: ( http://get.analystsreview.com/pdf/?c=China%20Nepstar&d=24-Apr-2015&s=NPD ),
CJJD Research Report: ( http://get.analystsreview.com/pdf/?c=China%20Jo-Jo%20Drugstores&d=24-Apr-2015&s=CJJD ),
CEA Research Report: ( http://get.analystsreview.com/pdf/?c=China%20Eastern%20Airlines&d=24-Apr-2015&s=CEA ).
Analyst Update: Ship Charter, Acquisition Proposal, Financial Results, Auditing Firm Appointment, and Upcoming Events
Reviewed by: Rohit Tuli, CFA®
U.S. stocks continued to surge to record highs on Thursday as the Nasdaq Composite closed at its highest level ever, supported by better than expected corporate earnings. The Nasdaq Composite gained 0.41%, or 20.89 points to close at an all-time record high of 5056.06. The S&P 500 advanced 0.24%, or 4.97 points to 2112.93, and the Dow Jones Industrial Average closed the session at 18,058.69, up 0.11% or 20.42 points. European stocks mostly closed lower on Thursday as investors remained vigil on Greece's debt turmoil and cash crunch situation. Germany's DAX 30 and France's CAC 40 dropped 1.21% and 0.62%, respectively, while London's FTSE 100 gained modestly by 0.3% on Thursday. Meanwhile, Asian stock markets mostly advanced on Thursday as the Shanghai Composite and Japan's Nikkei both closed higher.
GasLog Ltd. and GasLog Partners LP jointly reported that GasLog has agreed to charter to Methane Services, Ltd. three of GasLog's uncontracted newbuilds, which are currently under construction,mid-2018 and early 2019 for average initial terms of approximately 9.5 years at attractive rates.
Xueda Education Group reported the receipt of a preliminary non-binding proposal letter, dated April 20, 2015, from Insight Investment Co., Ltd. The Company that sent the proposal letter to Xueda's Board is a Chinese company listed on the Shenzhen Stock Exchange under the Stock Code 000526.SZ.
China Nepstar Chain Drugstore Ltd. reported its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2014. The Company's revenue increased by 13.4% YoY to RMB850.1 million ($137.0 million) compared to RMB749.8 million in Q4 2013, while net income increased by 151.1% YoY to RMB33.4 million ($5.4 million). The Company's basic and diluted income per ADS was RMB0.34 ($0.06) compared to basic and diluted income of RMB0.14 per ADS for Q4 2013.
China Jo-Jo Drugstores Inc. reported that it has engaged BDO China Shu Lun Pan Certificated Public Accountants LLP (BDO China) as the Company's new independent auditing firm. The Company informed that the appointment of BDO China became effective on April 7, 2015, and was approved by the Company's Audit Committee.
China Eastern Airlines Corp. Ltd. will observe a few significant financial events during the current quarter of 2015. During the month of April 2015, China Eastern Airlines will hold a meeting of the Board of the Company on Wednesday, April 29, 2015 for the purposes of, among other matters, considering and approving the unaudited first quarterly results of the Company and its subsidiaries for the three months ended March 31, 2015.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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