SOURCE: Paragon Financial Limited

Paragon Financial Limited

November 28, 2012 08:20 ET

Chinese Equities Look to Benefit as China's Slowing Economy Begins to Show Signs of Improvement

The Paragon Report Provides Stock Research on China Digital TV and Giant Interactive Group

NEW YORK, NY--(Marketwire - Nov 28, 2012) - Chinese stocks received a boost last week as China's soft economy, which is set to grow at the slowest pace in over a decade, showed some much needed signs of improvement. The Bloomberg China-US 55 Index (CH55BN), which tracks the performance of the top 55 Chinese equities trading in the US, surged 2.3 percent last Friday. The Paragon Report examines investing opportunities in Chinese Equities and provides equity research on China Digital TV Holding Co., Ltd. (NYSE: STV) and Giant Interactive Group Inc. (NYSE: GA).

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A recent survey has shown that manufacturing in China, the world's second largest economy, expanded for the first time in 13 months. HSBC's Purchasing Managers' Index last week rose to 50.4 for November, any reading above 50 signals expansion. China's leaders have slashed interest rates twice since June and have announced $150 billion in infrastructure projects in attempts to boost its slowing economy.

"It shows that the policy easing has continued to support a growth recovery, and reinforces our view that growth will pick up strongly in the fourth quarter to 8.4% from 7.4% in the third quarter," said Nomura economist Zhiwei Zhang.

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China Digital TV is the leading provider of CA systems to China's expanding digital television market. CA systems enable television network operators to manage the delivery of customized content and services to their subscribers. Shares of the company fell sharply last week after reporting it had swung to a net loss of $11.4 million in the third quarter, compared to a net income of $7.1 million in the second quarter of 2012.

Giant Interactive Group is one of China's leading online game developers and operators in terms of market share. The company is mainly focused on massively multiplayer online, or MMO, games that are played through networked game servers. The company has a number of games in its pipeline which they believe will help boost growth in the fourth quarter.

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