Emerging Money China Internet Index (EMCHI) At Fresh Highs

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The Chinese Internet space continues to trade well, in fact our EMCHI Index has touched fresh 52 week highs as index heavyweight Baidu (22% of index) has seen a technical breakout from the lows of Feb 5th.

Image courtesy hwanghsuhui: http://commons.wikimedia.org/wiki/File:Baidu_Campus.jpg Baidu ( BIDU , quote ) is up $20 in 2 weeks and is looking to test $180 where there is some price pressure. Baidu reports in 10 days but investors are already looking at the relative value in owning Baidu at 34x current and 27X estimate 2014 EPS versus more expensive peers like Tencent.

At current growth levels investors should now be asking do I want to own Googles ( GOOG , quote ) 20-23% growth at a current multiple of 33x of Baidu 45% growth at a similar current multiple.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

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