This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

6 Chinese Stocks Favored by U.S. Investors

Stocks in this article: BIDU CEO SINA CHL HNP PTR

China Mobile (CHL) provides wireless voice and value-added services through networks covering mainland China and a substantial part of Hong Kong, and ranks as the largest mobile carrier in the world, with 575 million subscribers at the end of October. The total population within China Mobile's service area is 1 billion.

In January 2009 it also started offering 3G wireless services on the GSM standard, a digital system dominant in Europe and many other areas worldwide. The company also has a 20% stake in Phoenix Satellite Television as it seeks to develop its value-added services.

Standard & Poor's, which has its shares rated "hold," with a $53 price target, said in a March 26 research note that "we believe emerging-market risk for (the company) is offset by its strong cash flow generation and balance sheet and its market leadership position in China's wireless industry."

"China's wireless penetration rate reached 58.4% in May 2010, up from 50.7% a year earlier," S&P said, which compares with the more than 90% penetration rate in the U.S., leaving room for continued growth among wireless providers in the Chinese market.

Standard & Poor's found one "buy/hold" and one "hold" rating among analysts. For fiscal 2011, analysts estimate that CHL's earnings per share will grow 3% to $4.31.

China Mobile's shares are down 6.8% this year and 0.4% over the past year, giving it a market value of $185 billion.

Only 1.6% of its shares are owned by institutional investors, and there is less than 1% mutual fund ownership.

5 of 7

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs