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China Stocks

Mindray Q3 report

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(Update) I also listened into its conference call, and it confirmed some of my thought: Chinese domestic market becomes more friendly; south America has strongest international growth, while NA has the slowest.

(Original) I went to Panera bread this morning. Here is what I saw: Bagel, 89 cents; coffee, $1.59 to $1.79. These prices haven’t changed from 3 months ago. No time to check out sandwich price (will do it later). By the way, its stock (Nasdaq:PNRA) closed under $40 ($39.28) yesterday! Sounds like a bargain?

Seriously, Mindray (NYSE:MR) had another good quarter. From its earning report, Chinese goverment finally step in and bought lots of diagnostic stuff. I think this was delayed by the anti-corruption movement last year. Also, the numbers from Europe and South America are quite strong. In other words, the US did not have a good number last quarter. Note US is supposed to be the growth driver this year. I am not sure is the purchase is delayed by the sub-prime crisis. Overall, Mindray is on the track. This is a stock one can own and have good sleep in the night.

On another matter, Giant Interactive, came to NYSE yesterday. You may notice I haven’t talked about online gaming and solar stocks from China on my blog, because I think they are a fad. Keso (hongbo) wrote a short but good article about Chinese online companies. Let me quote:

对中国网络游戏来说,今年无论有多完美,它都只是个游戏而已。至于巨人,对不起请告诉我,这儿有巨人么?

For Chinese online games, no matter how perfect (remember Perfect World, 完美时空) it seems, they are just games.

Good point, Keso.

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