China Mobile Ltd. (CHL) trades at about the same price-earnings multiple as U.S. based companies like Verizon Communications Inc. (VZ) and AT&T Inc. (T), but higher growth rates might make its stock a much better deal relative to its peers abroad. China Mobile Ltd. (CHL: 48.57 -4.28%), a leading Chinese telecom provider, is trading with a [...]
Changyou.com Limited (CYOU) shares may be well above their initial public offering price, but the stock continues to trade a compelling valuation given its growth. Changyou.com Limited (CYOU: 39.80 -2.74%), a China-based online game developer and operator, is up nearly 90 percent from its initial public offering. However, shares continue to trade at just 7.14x with [...]
29 June 2009
The9 Limited (NCTY) is trading at a discount relative to peers like Giant Interactive Group Inc. (GA), Perfect World Co., Ltd. (PWRD) and Shanda Interactive Entertainment (SNDA), but is this an opportunity or a warning sign for investors? The9 Limited (NCTY: 9.47 -2.87%), an online game operator in China, is trading at just 5.8x earnings which [...]
26 June 2009
Baidu, Inc. (BIDU) saw some upside from Google Inc.’s (GOOG) woes, after China temporarily barred its citizens from visiting a host of Google properties, including the main search engine, Google Apps, Google Reader and Gmail for 24-hours. Baidu, Inc. (BIDU: 289.50 -1.89%), the leading Chinese internet search provider, saw its shares jump nearly 10 percent since [...]
22 June 2009
Baidu, Inc. (BIDU) announced that it is reviewing possible acquisitions to extend its lead in the world’s largest online market by users, according to Chief Financial Officer Jennifer Li. These acquisitions could add some uncertainty to its future, and potentially involve additional debt or equity issuance. Baidu, Inc. (BIDU: 289.50 -1.89%) announced that it is reviewing [...]
09 June 2009
Worldwide Energy and Manufacturing USA, Inc. (WEMU.OB: 5.20 -2.80%), a U.S.-based China manufacturing company specializing in products for customers in the industries of solar energy, aerospace, wireless telecommunications, medical equipment and automotive, today announced its first solar module shipment in the United States. The order was for a high-end residential villa in the Mountain Time [...]
09 June 2009
Chinese retail sales jumped 14.8% in April as the country’s economic stimulus helped support domestic demand. However, will these trends help add to China 3C’s (CHCG) bottom line, or will the retailer continue to struggle amid the global economic crisis? China 3C Group (CHCG.OB: 0.76 +4.11%), a diversified electronics retailer in China, may have reported strong [...]
08 June 2009
Jiangbo Pharmaceuticals, Inc. (JGBO.OB: 10.10 +1.00%), a U.S.-based company developing pharmaceutical products in China, began the year with a restructuring effort that could start paying big dividends. Revenues and net income figures were lower following restructuring charges, but a sharp increase in operating income and non-GAAP adjusted net income show promise. Jiangbo’s Effective Restructuring In January 2009, [...]
02 June 2009
China Marine Food Group Ltd. (CMFO.OB: 3.74 +1.08%) , a China-based processor and distributor of seafood-based snack foods and sales of fresh and frozen processed seafood, today announced that the initial success of the Company’s products roll out by a Shanghai-based convenience store chain has led the chain to significantly increase the number of store [...]
02 June 2009
China 3C Group (”China 3C” or the ”Company”) (CHCG.OB: 0.76 +4.11%), a retailer and wholesale distributor of consumer and business products in China, today announced financial results for the first quarter of 2009. Net sales for the first quarter of 2009 increased 13.6% to $77.4 million compared to $68.2 million for the same period of the [...]
02 June 2009
China North East Petroleum Holdings, Limited (CNEH.OB: 0.00 N/A), a leading oil company in Northern China, announces the successful drilling and completion of three additional oil producing wells in May. During the first quarter of 2009, there were seven wells under construction, none of which were placed into production due to relatively weak oil prices. As [...]
