Sina: The Gateway Into Social Media in China

New Finance submits:

During my coverage and research of the Internet in China, Ive uncovered traps and gems. Some companies are grossly overvalued based solely on speculation and future earnings. There are also some stocks that seem comparatively undervalued, given their history of strong earnings, leading market position and growth; Sina Corp (SINA) is one of those stocks. With a PE ratio hovering around 11 and growth forecasted in the mid teens, SINA seems poised to be another success story in the line of Baidu (BIDU). Despite the positives, people have been downgrading this stock, talking about it being censored from the Internet and questioning their ability to make money.

Given the negativity surrounding this stock, I thought it looked like it had great potential for a contrarian play. After digging into the numbers some more, I am convinced there is still plenty of upside for this Chinese social media giant. Although they


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