Chinese Internet Stocks: Full Speed Ahead?

Barron’s is reporting that Barclays Capital analyst Alicia Yap is bullish on Chinese internet stocks.  She discounts concerns in the United States about the companies’ accounting.  She gives an “overweight weighting to the following six companies:

  • Baidu (NASDAQ:BIDU): The shares recently traded at $122.91, up $3.70, or 3.05%, on the day.  The shares have traded in a 52-week range of $94.33 to $165.96 and its market capitalization is $42.89 billion.  About the company: Baidu, Inc. operates an Internet search engine.  The Company offers algorithmic search, enterprise search, pay for performance and news, MP3, and image searches.
  • Youku (NYSE:YOKU): The shares recently traded at $20.14, up $2.09, or 11.58%, on the day.  The shares have traded in a 52-week range of $13.76 to $69.95 and its market capitalization is $2.29 billion.  About the company: Youku.com, Inc. is an Internet television company.  The Company’s Internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices in the People’s Republic of China.
  • Sina (NASDAQ:SINA): The shares recently traded at $75.66, up $1.85, or 2.43%, on the day.  The shares have traded in a 52-week range of $49.06 to $147.12 and its market capitalization is $4.98 billion.  About the company: SINA Corporation is a global Internet media company operating Chinese-language destination sites.  The Company offers a network of branded content and services targeting people of Chinese descent worldwide.  SINA.com offers online news, entertainment, community, and commerce through web sites that are produced and updated by local teams in China, Hong Kong, Taiwan, and North America.
  • Sohu (NASDAQ:SOHU):  The shares recently traded at $56.49, up $1.98, or 3.63%, on the day.  The shares have traded in a 52-week range of $46.35 to $109.37 and its market capitalization is $2.16 billion.  About the company: Sohu.com, Inc. operates an Internet portal in China.  The Company’s Web site consists of Chinese language Web navigational and search capabilities, Web-based communications services, and a platform for e-commerce services.
  • Changyou (NASDAQ:CYOU): The shares recently traded at $31.14, up $2.83, or 9.93%, on the day.  The shares have traded in a 52-week range of $22.81 to $52 and its market capitalization is $970.6 million.  About the company: Changyou.com, Ltd. develops online computer games.  The Company licenses its massively multi-player online role playing games.
  • Netease (NASDAQ:NTES): The shares recently traded at $42.76, up $1.131, or 3.14%, on the day.  The shares have traded in a 52-week range of $35.20 to $55 and its market capitalization is $221.53 million.   About the company: NetEase.com, Inc is an Internet technology company that develops applications, services and other Internet technologies in China.  The Company provides online gaming services that include in-house developed massively multi-player online role-playing games and licensed tittles.  NetEase also provides free email and various channels of content, online advertising, search and community services.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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