6 Deeply Undervalued Chinese Stocks

Rougemont submits:

The stock market in China has underperformed other markets for months now and that has created some new buying opportunities. The Chinese stocks below are trading at valuations that would appeal to most value investors. These stocks have pulled back from their highs, and it could be time to start accumulating shares in these names.

These companies have low PE ratios, and strong balance sheets. In some cases, these stocks appear oversold. I am looking at the earnings power and the Relative Strength Index (RSI) levels which can indicate oversold conditions. Stocks with an RSI rating around 30 can signal that the shares are oversold and due for a rebound. To learn more about RSI, read this.

Here are the six companies:

Perfect World Co., Ltd. (PWRD) has pulled back to $19.80 today. The relative strength index is about 35. PWRD is one of the leading online gaming companies in


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