10 Top-Yielding China Stocks

Stock quotes in this article: HNP , CHA , PTR , INFY , TEF , EXC , RIO  

Another stock on the China yield list is China Telecom Corp(CHA Quote), which yields 1.6%. This provider of landline telecommunications and broadband services last month reported it beat analysts' expectations by 4% in the third quarter and added 48.4 million new customers. The stock has a P/E of 20 and a PEG of 5.7.

China Tel is listed in the 40 Best ADRS 52-Weeks TD, a Stockpickr portfolio that also includes Companhia Vale do Rio Doce(RIO Quote), yielding 1%, and Brasil Telecom(BTM Quote), with a yield of 0.6%.

Petrochina(PTR Quote) is a stock that yields 2.8%. Berkshire Hathaway(BRKA Quote) announced that it sold off its position in this oil and gas explorer and producer during the third quarter. PetroChina has a P/E of 23.8 and a PEG of 1.6.

Petrochina is also listed in a portfolio called Barron's Hugh Young Stock Picks 11-10-2007, which lists the stocks favored by Hugh Young, manager of the Aberdeen Asia Pacific Fund. The fund is up almost 27% through October of this year and has had an average annual return of 28% over the past five years. The fund also contains Infosys Technologies(INFY Quote), an India-based technology and outsourcing company that yields 0.7%.

Go to Stockpickr.com to check the entire list of Top-Yielding China Stocks.

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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for The Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

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