3 Incredibly Cheap Chinese Tech Stocks
Many Chinese tech stocks surged over the past year, and their valuations rose to frothy levels. Therefore it might seem tough to find decent Chinese tech plays trading at reasonable multiples. So today, I'll highlight three Chinese stocks which still trade at surprisingly low valuations -- NetEase (NASDAQ: NTES), Yirendai (NYSE: YRD), and China Mobile (NYSE: CHL).
NetEase publishes PC and mobile games. It also develops social, news, and media apps, provides online services like email and note-taking services, and owns the e-commerce site Kaola.com. However, the lion's share of its revenue comes from its gaming business, which publishes popular Chinese games like Fantasy Westward Journey, Onmyoji, and Ghost Story.
NetEase's Onmyoji. Image source: Google Play.
Source: Fool.com
Netease Inc. ADR Stock
With 14 Buy predictions and not the single Sell prediction the community is currently very high on Netease Inc. ADR.
With a target price of 133 € there is a slightly positive potential of 16.67% for Netease Inc. ADR compared to the current price of 114.0 €.
