My Current Asian ADR Positions
Lots of people have been asking me which Asian ADR’s I currently have positions in. Although my positions may change at any time, here is the current list and a sentence or two about why I own shares in each:
NTES- Its two primary games are still growing, upcoming games and casual have high potential. Internal development leads to high margins, better game localization and reduced hacking risk.
SINA- Leading portal in China which is very attractive to advertisers who want to reach the large and growing Chinese consumer market. Huge user database that will become better monetized over time across multiple business segments.
SOHU- Multiple attractive web properties (www.sogou.com, www.sohu.com, www.chinaren.com, www.17173.com, www.focus.cn, and www.go2map.com). Sogou has a good position in the growing China paid search market.
TOMO- Strong WVAS position, strong execution. Tom/Skype and India Games acquisition both have good long term prospects.
KONG- Almost $3 per share in case. Strong position in 2.5G, and mobile gaming markets. Well positioned for 3G going forward.
SIFY- Strong market position in corporate networking and as an ISP. Clear leader in India Internet Café market. Well positioned to monetize user base with WVAS, advertising and online gaming going forward.
TLK- Leadership position in Indonesia where wireless penetration is still low. Good growth prospect and very reasonable valuation.
WZEN- Lots of cash as compared to market cap. Although its primary game MU is aging, its game pipeline looks very strong over the next few years
SNDA- Leadership position in China online gaming market. Casual gaming, mobile games, WVAS, advertising and possibly IPTV as future growth drivers.
There are of course multiple risks involved with all of these stocks. Type the ticker symbol that interests you into the Google search box in the upper right hand corner to find more detailed blog postings of mine on each of these stocks. I am not making any investment recommendations here. Please do your own research and evaluate your risk profile before investing.