Citi Group Rates Giant Share as Out-Perform

add time:4/3/2008 1:29:07 AM

Giti Group rates the share of Giant Interactive as Out-Perform, with a target price of USD 14.
Analyst from Citi Group said: " Since the IPO in New York Stock Exchange in last November, the share price of Giant Interactive decreased more than that of the whole market and other companiese. The number of online users of Zhengtu Online--its hit game has made a new record recently, with the second hit Giant Online enter open beta on March 28th, we believe that now purchase the share of Giant Interactive is profitable."

19:30, March 28th, Giant Interactive announced that, the PCU (Peak Cocurrent User) of Giant Online, its second self-developed free online game, broke 200 thousand in the first day of its open beta test.
Until 10:20, March 28th US time, the share price of Giant Interactive was up USD 0.72, to USD 11.08, an increase of 6.95%.