Will China Become Global Gaming Giant? (NASDAQ:NTES ...

By Wall St. Cheat Sheet

November 28 2011 Email This

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The online gaming market in China is expected to make quantum leaps until 2014, according to research firm Pearl Research. In 2010 it grew by 25% to $5 billion and could top $8 billion by 2014 ? a rate of growth even faster than the video game industry in the U.S. If these outlooks become true, China could become the global market leader in the video gaming industry.

Video games provide low cost entertainment and rank alongside karaoke, dining out, and shopping as popular options in China. Chinese gamers need pay only 5c per hour to play a top game such as World of Warcraft (NASDAQ:ATVI), while other games are free. As gaming consoles are not available in China, online gaming has become immensely popular across China?s 450 million broadband connections and around 138,000 internet parlors.

A sign of the times is the public listing last year of Shenzen ZQ Game, the first online game company to be quoted on a domestic Chinese exchange.

Here how stocks involved in the Chinese online gaming market are trading on the news:

• Netease.com Inc. (NASDAQ:NTES): NTES shares recently traded at $42.90, up $1.4, or 3.37%. Its market capitalization is $5.61 billion. They have traded in a 52-week range of $35.20 to $55.00. Volume today was 449,186 shares versus a 3-month average volume of 985,512 shares. The company?s trailing P/E is 11.65, while trailing earnings are $3.68 per share. About the company: NetEase.com Inc. is an Internet technology company that develops applications, services and other Internet technologies in China. The Company provides online gaming services thatinclude in-house developed massively multi-player online role-playing games and licensed titles. NetEase also provides free email and various channels of content, online advertising, search and community services. Get the most recent company news and stock data here >>
• Shanda Games Limited (NASDAQ:GAME): GAME shares recently traded at $4.44, up $0.44, or 11%. Its market capitalization is $1.26 billion. They have traded in a 52-week range of $3.46 to $7.70. Volume today was 190,169 shares versus a 3-month average volume of 649,988 shares. The company?s trailing P/E is 6.06, while trailing earnings are $0.73 per share. About the company: Shanda Games Ltd. develops, sources and operates Internet games in China. Get the most recent company news and stock data here >>
• Changyou.com Limited (NASDAQ:CYOU): CYOU shares recently traded at $22.45, up $1.48, or 7.06%. Its market capitalization is $1.18 billion. They have traded in a 52-week range of $20.71 to $52.00. Volume today was 59,587 shares versus a 3-month average volume of 391,839 shares. The company?s trailing P/E is 5.76, while trailing earnings are $3.90 per share. About the company: Changyou.com Ltd. develops online computer games. The Company licenses its massively multi-player online role playing games. Get the most recent company news and stock data here >>
• Perfect World Co., Ltd. (NASDAQ:PWRD): PWRD shares recently traded at $10.30, up $0.43, or 4.36%. Its market capitalization is $473.74 million. They have traded in a 52-week range of $9.00 to $29.10. Volume today was 574,642 shares versus a 3-month average volume of 904,786 shares. The company?s trailing P/E is 4.04, while trailing earnings are $2.55 per share. About the company: Perfect World Co Limited develops and operates online games. The Company primarily develops 3D gaming technologies. Get the most recent company news and stock data here >>

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