Chinese stocks have been hit heavily during the last several months, and if you are bottom fishing, Chinese stocks with low price earnings to growth ratios [PEG] might be worth taking a close look at. Remember the lower the PEG, the better the buy. A PEG between 1 and 2 is good, and below one is great.
By the way, did you see the article about the Chinese students who were banned from taking their final exams for playing the stock market?
Here are the top ten China stocks by PEG.
China Life Insurance Co. ( LFC ) is a provider of life insurance and annuity products in China. The stock has a PE of 7.78 and a PEG of 0.19. It even pays a yield of 1.7%.
Solarfun Power Holding ( SOLF ) makes and markets photovoltaic cells and photovoltaic modules. The stock has a PE of 18.98 and a PEG of 0.19.
Yingli Green Energy ( YGE ) is another photovoltaic manufacturer. The stock has a PE of 22.89 and a PEG of 0.21.
Xinhua Finance Media ( XFML ) has five divisions in the areas of Broadcast, Print, Production, Advertising, and Research. The stock has a PE of 23.23 and a PEG of 0.24.
3Sbio Inc. ( SSRX ) makes and markets biopharmaceutical products in China. The stock has a PE of 16.21 and a PEG of 0.28.
E-House Holdings ( EJ ) is a provider of real estate agency services, real estate brokerage services, and real estate consulting services. The stock has a PE of 17.65 and a PEG of 0.28.
Actions Semiconductor ( ACTS ) is a a fabless semiconductor company which makes system-on-a-chip products. The stock has a PE of 5.85 and a PEG of 0.29.
LDK Solar Co ( LDK ) makes and markets multicrystalline solar wafers used in solar cells and solar modules The stock has a PE of 21.42 and a PEG of 0.29.
Acorn International ( ATV ) operates a TV direct sales platform and nationwide distribution network. The stock has a PE of 27.57 and a PEG of 0.32.
Trina Solar Ltd ( TSL ) makes and markets solar-power products. The stock has a PE of 17.04 and a PEG of 0.32.
To see an Excel list of over 50 China stocks along with their PE and PEG ratios, which can be downloaded, changed and sorted, go to WallStreetNewsNetwork.com.
Author does not own any of the above.
By Fred Fuld at Stockerblog.com
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