In a report released Thursday morning, Scott Van Winkle of Canaccord Genuity lowers Nu Skin Enterprises (NYSE: NUS) from Buy to Hold, lowering price target from $140 to $104.
The People's Daily, a worldwide distributed Chinese publication, made allegations in Wednesday's edition about Nu Skin's operation claiming that it is a "susptected illegal pyrimid scheme." The market has since reacted negatively to this news.
The analyst notes, "Based on news reports this morning, local Chinese government will investigate NUS' activities in China. While we have confidence in NUS' China direct selling operations, particularly given its continued achievement of new provincial licenses, we don't have any confidence that we could predict the Chinese government, even in light of a relatively straightforward direct selling law in mainland China."
NUS is currently trading down 21.4% at the $90.62 mark.
Posted-In: News Downgrades Price Target Markets Analyst Ratings
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Hot Consumer Stocks To Watch For 2015: Raptor Pharmaceutical Corp.(RPTP)
Raptor Pharmaceuticals Corp. operates as a biotechnology company in the United States. The company is dedicated to speeding the delivery of new treatment options to patients by working to improve existing therapeutics through the application of highly specialized drug targeting platforms and formulation expertise. Its clinical stage development products include DR Cysteamine, which is in phase IIb for the treatment of cystinosis; phase IIa for the non-alcoholic steatohepatitis; and phase II for the treatment of Huntington?s disease. Raptor?s clinical-stage products also include Convivia that is in Phase IIa stage for the potential management of acetaldehyde toxicity due to alcohol consumption; and Tezampanel and NGX 426, which completed phase I stage for the treatment of migraine and pain. Its preclinical product candidates comprise HepTide for the treatment of Hepatocellular Carcinoma and Hepatitis; WntTide for the treatment of breast cancer; NeuroTrans for the treatmen t of neurodegenerative diseases; and Tezampanel and NGX 426 for the treatment of Thrombosis and Spasticity Disorder. Raptor Pharmaceuticals Corp. is headquartered in Novato, California.
Advisors' Opinion:- [By Jake L'Ecuyer]
Raptor Pharmaceuticals (NASDAQ: RPTP) was down, falling 10.04 percent to $13.31 after the company reported Q4 results. Raptor Pharmaceutical posted a Q4 loss of $0.20 per share, versus the projected loss of $0.16 per share.
- [By Sean Williams]
Raptor Pharmaceuticals (NASDAQ: RPTP ) also gave shareholders something to cheer about when, on Tuesday, the company announced that the Food and Drug Administration had granted Procysbi, its nephropathic cystinosis drug, U.S. orphan drug status. Although FDA-approved drugs are protected by patent for a period of 20 years, the U.S. orphan drug status will keep biosimilar competition from competing against Raptor's Procysbi through April 30, 2020. In addition, on Friday Procysbi received a positive opinion from the European Medicine Agency's panel that the drug be recommended for approval in the EU. However, I'd caution calmer heads prevail here as the total market for the drug is only about 2,000 people worldwide and peak sales estimates in the U.S. are a mere $60 million.
- [By Sean Williams]
Veloci-Raptor time?
First up is Raptor Pharmaceuticals (NASDAQ: RPTP ) with Procysbi (previously known as RP-103), its oral delayed and extended-release medication to treat nephropathic cystinosis. In trials, Procysbi proved to be non-inferior to the only other FDA-approved treatment for nephropathic cystinosis, known as Cystagon from Mylan (NASDAQ: MYL ) .
Hot China Companies To Invest In Right Now: NetQin Mobile Inc. (NQ)
NetQin Mobile Inc. operates as a software-as-a-service provider of consumer-centric mobile Internet services focusing on security and productivity in the People?s Republic of China and internationally. It provides a suite of mobile Internet services that protect mobile users from security threats and enhance their productivity. It offers mobile security services, including mobile malware scanning, Internet firewall, account and communication safety, anti-theft, performance optimization, hostile software rating and reporting, and other services to protect users from mobile malware threats, data theft, and privacy intrusion. The company also provides mobile productivity services comprising screening incoming calls, filtering unwanted spam, SMS messages, protecting communication privacy, and managing calendar activities, as well as cloud-side synchronization of personal data, including address books, text messages, and calendars to enhance time and relationship management. In addition, it provides personalized intelligent cloud services that utilize synchronized user information to provide tailored user experience and extend the functionalities of its core services. Further, the company offers security forums and download services for third-party mobile applications. The company was founded in 2005 and is based in Beijing, the People?s Republic of China.
Advisors' Opinion:- [By Paul Goodwin]
The good guys (law abiding mobile users) are being preyed up by the bad guys (hackers and scammers). And that, in a nutshell, is why there is a company called NQ Mobile (NQ).
- [By Belinda Cao]
Oberweis China Opportunities Fund (OBCHX), the best-performing U.S.-based fund investing in Chinese stocks, said Internet companies from NQ Mobile Inc. (NQ) to Qihoo 360 Technology Co. (QIHU) will extend a rally after jumping more than three-fold this year.
- [By Wallace Witkowski]
U.S. shares of NQ Mobile Inc. (NQ) �fell 7.9% to $14.72 on moderate volume after the mobile Internet services company reported adjusted fourth-quarter earnings of 22 cents a share on revenue of $67.9 million. Two analysts who follow the company forecast an average of 23 cents a share on revenue of $62.8 million, according to FactSet. NQ expects $75 million to $76 million in revenue in the first quarter, while analysts had expected an average of $66.8 million.
Hot China Companies To Invest In Right Now: Perfect World Co. Ltd.(PWRD)
Perfect World Co., Ltd., through its subsidiaries, engages in the research, development, operation, and licensing of online games primarily in the People?s Republic of China, the United States, and the Rest of Asia. It develops online games based on its game engines and game development platforms. The company?s 3D massively multiplayer online role playing games (MMORPGs) include Perfect World, an adventure and fantasy game with traditional Chinese settings; Legend of Martial Arts, an adventure story of Chinese swordsmen set in an ancient kingdom; and Perfect World II, which is set in a similar content and graphic background as Perfect World. It also offers Zhu Xian that is based on martial arts focused adventure set in a fantasy world; Chi Bi, a war story developed based on ancient Chinese history known as the Three Kingdoms; Hot Dance Party, a 3D online casual game; Pocketpet Journey West, a 3D MMORPG based on the classical novel of Chinese literature, Journey to the West ; Battle of the Immortals, a mysterious adventure, which enables game players to travel between eastern and western cultures, and adventures in historic sites and turf wars; and Fantasy Zhu Xian, a 2D turn-based MMORPG based on the Internet fantasy novel Zhu Xian. It also involves in the production and distribution of films, as well as television advertising activities. The company was founded in 2004 and is based in Beijing, the People?s Republic of China.
Advisors' Opinion:- [By Sean Williams]
What: Shares of Perfect World (NASDAQ: PWRD ) , a China-based online video game developer, soared as much as 13% after the company reported better-than-expected first-quarter results.
Hot China Companies To Invest In Right Now: Ctrip.com International Ltd.(CTRP)
Ctrip.com International, Ltd., together with its subsidiaries, provides travel services for hotel accommodations, airline tickets, and packaged tours in the People?s Republic of China. It also sells independent leisure travelers bundled package-tour products, which include transportation and accommodation, as well as guided tours covering various domestic and international destinations. In addition, the company offers Internet-related advertising, aviation casualty insurance, and air-ticket delivery services. Further, it sells Property Management System, a hotel information software; travel guidebooks, which provide information for independent travelers; and VIP membership cards that allow cardholders to receive discounts from various restaurants, clubs, and bars. The company was founded in 1999 and is headquartered in Shanghai, the People?s Republic of China.
Advisors' Opinion:- [By Victor Selva]
The company has a current ratio of 10.85% which is higher than the ones registered by E-Commerce China Dangdang, Vipshop Holdings Limited, Asure Software, Inc. and Monster Worldwide, Inc. But for investors looking for a higher ROE, Bitauto Holdings and Ctrip.com International, Ltd. (CTRP) could be better options.
- [By MONEYMORNING.COM]
The three largest holdings for PGJ are Baidu, Ctrip.com International Ltd. (Nasdaq ADR: CTRP), and Qihoo 360 Technology Co. Ltd. (NYSE: QIHU).
Ctrip.com is an online travel company that helps clients book hotel accommodations and airline tickets in China, while Qihoo is a Chinese Internet and mobile security company with more than 328 million monthly active users.
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