Analyst Identifies 6 Chinese Values Stocks (CMM, LTON, more...)

January 6, 2010 1:27 PM EST
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Pali Research issued a report today on value stocks in the China universe. The firm said that among 277 stocks, they have identified 6 whose current market cap is below net cash. They separated these stocks into 2 groups:

1. Stocks that are net earnings positive in 2009 and could continue to be positive in 2010

  • China Mass Media Corp. (NYSE: CMM) Market Cap: $72.4M Net Cash: $111.4M
  • Linktone Ltd. (Nasdaq: LTON) Market Cap: 75.9M Net Cash: $97.2M
  • Acorn International, Inc. (NYSE: ATV) Market Cap: $144.5M Net Cash: $168.7M

2. net earnings negative in 2009 and likely be negative in 2010

  • The9 Limited (Nasdaq: NCTY) Market Cap: $202M Net Cash: $259.4M
  • Ninetowns (Nasdaq: NINE) Market Cap: $63.1M Net Cash: $79.1M
  • Qiao Xing Universal Telephone, Inc. (Nasdaq: XING) Market Cap: $166M Net Cash: $199.6M

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