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
Netease Inc. ADR is currently one of the favorites of our community with 11 Buy predictions and no Sell predictions.
As a result the target price of 120 € shows a positive potential of 35.59% compared to the current price of 88.5 € for Netease Inc. ADR.
