Top 3 Undervalued Chinese Stocks
China Agritech Inc. (CTEC), China Organic Agriculture, Inc. (CNOA), and China Sun Group High Tech Co. (CSGH) are our top three undervalued Chinese stocks.
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China Agritech Inc. [[CTEC.OB]], which manufactures and sells organic liquid compound fertilizers and related agricultural products, trades at a price-earnings multiple of just 6.8x last year’s earnings, despite posting net income growth rates of 74.6% last quarter. Meanwhile, the company has cash of $16.5 million and a robust balance sheet with relatively little debt.
China Organic Agriculture, Inc. [[CNOA.OB]], which distributes agricultural products include rice, beans, and ice wine, trades at a price-earnings multiple of just 1.85x last year’s earnings, despite swinging from a loss to a net income and seeing revenue growth of 818% last quarter. Meanwhile, the company has cash of $9 million and a robust balance sheet as well.
China Sun Group High Tech Co. [[CSGH.OB]], which manufactures and distributes lithium-ion batteries, trades at a price-earnings multiple of just 8.5x last year’s earnings, despite posting a 46% gain in revenues and a 27% gain in profits last year. Meanwhile, the company also has cash of $9.2 million and a strong balance sheet with little in the way of liabilities.
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