Baidu.com, Inc. (ADR) (BIDU), China Mobile Games & Entnmnt Grp Ltd (CMGE): These Stocks Won Last Week

Baidu.com, Inc. (ADR) (NASDAQ:BIDU)Chinese growth stocks were on fire last week.

There were plenty of stocks from the world’s most populous nation putting up double-digit percentage gains.

Are investors finally ready to buy back into China? Are the high growth rates and low multiples e (NYSE:DANG)nough to outweigh the geopolitical risks of buying into Chinese growth stocks?

Let’s take a closer look at some of the winners from last week.

Company May 10 Weekly Gain
Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) $29.38 30%
China Mobile Games & Entnmnt Grp Ltd (NASDAQ:CMGE) $15.40 25%
E Commerce China Dangdang Inc (ADR) (NYSE:DANG) $4.62 19%
Sohu.com Inc (NASDAQ:SOHU) $60.70 17%
Baidu.com, Inc. (ADR) (NASDAQ:BIDU) $95.45 13%

Source: Barron’s.

Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) runs the leading travel portal in China, and the stock took off last week after blowout quarterly results.

Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP)’s revenue soared a better-than-expected 27% during the quarter, and its guidance for 15% to 20% in top-line growth for the current quarter was also encouraging. Profitability did slip as margins contracted, but even there Ctrip was a winner. Its quarterly profit of $0.18 a share was 50% ahead of where the pros were perched.

China Mobile Games & Entnmnt Grp Ltd (NASDAQ:CMGE) has quietly become one of this year’s hottest stocks, nearly quadrupling so far in 2013. The speedster commands the largest market share in terms of revenue among mobile game developers. There was no material news during the week, but China Mobile Games & Entnmnt Grp Ltd (NASDAQ:CMGE) announced three new games this morning.

E Commerce China Dangdang Inc (ADR) (NYSE:DANG) is one of the country’s most prolific online retailers. E Commerce China Dangdang Inc (ADR) (NYSE:DANG) introduced a daily deals channel earlier this month, but investors are buying in these days hoping for a strong quarterly report this week. E Commerce China Dangdang Inc (ADR) (NYSE:DANG) is expected to post a narrowing deficit on a 25% surge in sales when it reports on Thursday.

Sohu.com Inc (NASDAQ:SOHU) is one of the more seasoned publicly traded Chinese equities. Sohu.com Inc (NASDAQ:SOHU) is best known for its online portal, but it has grown over the years to spearhead the fast-growing Sogou search engine and a magnetic video-streaming website.

Finally we have Baidu.com, Inc. (ADR) (NASDAQ:BIDU), posting its best weekly gain in nearly a year after announcing the acquisition of PPS.tv. The $370 million deal positions China’s leading search engine as a major player in video. Sure, video will never be as lucrative as Baidu’s high-margin paid search stronghold, but the key here is that the business is incremental. Baidu.com, Inc. (ADR) (NASDAQ:BIDU) will also be able to sell a broader array of only advertising products to its clients.

Betting on China
There’s plenty of growth still to be had if you buy the right Chinese growth stocks.

The article 5 Chinese Stocks That Soared Last Week originally appeared on Fool.com and is written by Rick Munarriz.

Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Baidu, Ctrip.com International, and Sohu.com. The Motley Fool owns shares of Baidu and Ctrip.com International.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!