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Chinese Internet Companies Climbing

by Steve Patterson on Wednesday, April 29, 2009 1:25 PM

Chinese Internet Companies Climbing

A number of Chinese Internet companies are outpacing the rest of the market higher with Netease (NTES) reaching a new 52 week high at the highest point today. Other companies to watch include Shanda (SNDA), Baidu (BIDU) and Sina (SINA).

Online gaming in China is very much growing with a 63% increase in revenue in 2008 compared to the revenue generated in 2007. The big two China gaming companies are Netease and Shanda with Netease's Fantasy Westward Journey being the most popular online game in the country. Baidu is a search company, the Chinese Google, while Sina is a combination of five different online companies with a focus on media. The companies each saw revenue for the past year in the range of $370 million to $522 million.

Netease (NTES)

Netease has a current price/earnings ratio around 30 while the revenue for the year is growing at 18% and the earnings expanding at a rate of 12%. If you feel there is clear earnings growth beyond the current 12%, NTES could be a decent China play for your portfolio. Analyst are pushing their estimates higher to a small degree which bodes well for some contained price action higher.

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Steve Patterson

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31 comment(s) so far...

Anonymous 4/30/2009

This is great news for the Chinese web industry. I wonder if this will have an impact on the rest of the world in some way?

 
Anonymous 5/2/2009

What about Indian companies? Any info?

 
Anonymous 5/2/2009

its good that in credit crisis Chinese companies are growing at such rate

 
Anonymous 5/4/2009

China indeed are expanding on the software era.They have pretty much talents in their country.

 
Anonymous 5/5/2009

Netease justed pushed through to a new high. These stocks look really good if they are a little overbought.

 
Anonymous 5/6/2009

No wonder Chinese Internet companies are booming. With the government controlling all content, I assume they have very little competition, compared to what they could have were the laws more tolerant. And the market is HUGE. A huge untapped resource.<br>These companies have the place to grow, don't really need to worry about local competition, can focus on growth rather than on marketing.

 
Anonymous 5/22/2009

Chinese companies are growing very fast despite crisis from wich all other countries ONLY suffering! they know how to offer their products on foreign markets even though the quality of these product is far worse than local one's!

 
Anonymous 11/22/2009

These are great news for the Chinese web industry.

 
Anonymous 12/8/2009

chinese companies are growing each day and they have the biggest potencial in the world. There are great companies in China

 
Anonymous 12/8/2009

this is great for China!

 
Anonymous 12/15/2009

Chinese companies are growing more and more and not think they will stop, is the new world power

 
Anonymous 12/15/2009

The chart looks horrible but I think there is still promise like you mention in you comment.

 
Anonymous 12/23/2009

Thanks for the precious information as I’ve never been so excited about the theme like that.

 
Anonymous 12/24/2009

Chinese companies are developing very fast! They have always been ahead of other countries in many spheres! My respect for you! The blog was great, thank you for it!

 
Anonymous 1/2/2010

Wonderful article, thanks for putting this together! This is obviously one great post. Thanks for the valuable information and insights you have so provided here.<br><br>(Links removed by Admin)

 
Anonymous 1/28/2010

go China...this is awesome

 
Anonymous 2/6/2010

Yes, China will go stronger.

 
Anonymous 2/18/2010

Yap These are great news for the Chinese web industry.

 
Anonymous 3/13/2010

Thanks for the review. I think, this is great news for the Chinese web industry.

 
Anonymous 3/30/2010

The posts of your resource are so much inspiring and unique that I think you will earn thousands bucks in the future.

 
Anonymous 6/21/2010

Thanks for the review. Good to know what is going in in the Chinese Web Industry

 
Anonymous 6/28/2010

good for you china!

 
Anonymous 11/15/2010

I am sure China will progress very fast in IT. Also this would be great.

 
Anonymous 6/5/2011

Nice review, China is very promising country..

 
Anonymous 6/21/2011

I think this is just another bubble, nothing more.

 
Anonymous 7/21/2011

Netease price ratios are really great to know. I liked that you have shared the information.

 
Anonymous 7/28/2011

their estimates higher to a small degree which bodes well for some contained price action higher.

 
Anonymous 8/8/2011

These stocks look really good if they are a little overbought.

 
Anonymous 8/9/2011

can focus on growth rather than on marketing.

 
Anonymous 1/27/2012

really need to worry about local competition, can focus on growth rather than on marketing.

 
Anonymous 2/3/2012

BIDU is really improving they are really helping to get more business, i really appreciate that you came up with such a great points. :)

   
  
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