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

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

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!