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AutoNavi Holdings Ltd (ADR) (AMAP) [hlAlert]

up 23.96 %

Autonavi Holdings Limited (AMAP) rated Outperform with price target $20 by Oppenheimer

Posted on: Wednesday,  Sep 22, 2010  8:25 AM ET by Oppenheimer

Oppenheimer rated Outperform AutoNavi Holdings Ltd (ADR) (NASDAQ: AMAP) on 09/22/2010, when the stock price was $16.86. Since
then, AutoNavi Holdings Ltd (ADR) has gained 23.96% as of 07/17/2016's recent price of $20.90.
If you would have followed this Oppenheimer's recommendation on AMAP, you would have gained 23.96% of your investment in 2125 days.

AutoNavi Holdings Limited (AutoNavi) through its subsidiaries is engaged in providing digital map content, navigation and location-based solutions in the People?s Republic of China (PRC). The Company?s core business is a nationwide digital map database that covers approximately 3.1 million kilometers of roadway and over 17 million points of interest across China. In addition, AutoNavi has completed three-dimensional (3-D) navigation maps of key areas in 44 cities and photo-realistic 3-D models of 20 cities for public sector projects. It derived its revenues primarily from licensing its digital map data and navigation solutions for use in in-dash navigation systems for automobiles and for use in aftermarket navigation devices, including dealer option navigation systems. On March 10, 2011, it acquired the remaining 80% interest in Beijing Xiejin Technology Development Co., Ltd. On March 24, 2011, it acquired Shanghai eTag Information Technologies Limited.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/22/2010 8:25 AM Buy
16.86 20.00
as of 12/31/2010
1 Week up  4.86 %
1 Month down  -2.19 %
3 Months up  7.14 %
1 YTD up  16.96 %

(*) Stock Price at the time of the recommendation.
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