Fundamentals of NetEase.com
- Posted by Danny
- on January 19th, 2012
In this episode of Brewing Wealth we break down the fundies on Chinese ‘netter NetEase.com
Ranked #11 in the BeanScreen, we decided to start a position in NetEase ($NTES) back on Jan. 9 at $42.25. Yes, they are Chinese, so proceed with a little caution if you’re thinking about getting long.
1 year chart (Y! Finance)
Our New Year’s resolution for 2012 was to refrain from buying any more stock in small-cap Chiners (see $GURE, $CSKI, $TSTC). We feel pretty good about NTES though. They have a market cap of about $6 billion and are becoming a legit player in the online gaming industry.
Here’s a nifty blurb from Reuters about how China’s online gaming market grew by more than 32% last year.
source: China’s online game mkt hits $6.8 bln – Reuters
disclosure: we currently own shares in NTES, GURE and TSTC
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Daniel Miller and Jason Robinson are self taught investors based in Daphne, Alabama, and are the co-founders of the WallStreetBean. Neither one of them are professional investors - just two regular guys who want to share their investing ideas and thoughts with others. More
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