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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

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!