NetEase Also Rises
NetEase NetEase Inc. (NTES) is an Internet technology company. The Company operates in three segments: Online Gaming, Advertising, Wireless Value-added Services and Others. The Company provides its Internet and wireless value-added applications, services and technologies and advertising services to Guangzhou NetEase and Guangyitong Advertising and they operate the NetEase Websites and the online advertising business. Guangzhou NetEase has two majority-owned subsidiaries, Youdao Computer (a search business operator) and Wangyibao (the operator of its Wangyibao payment system).
[PostStockWidget stock_valuation="" pricetype="live" manual_date="Dec. 21, 2012, 2:04pm GMT" symbolcodes="'NTES'" symbolprices="80" div_align="right"]
The objective process that we use with Purple Chips identified a low valuation on March 13, 2014. We are exiting because the target high valuation has now been reached as Chinese stocks have returned to investor's favour.
New Purple Chips Valuation Range: Low $67.00, High $82.00
HIGH VALUATION IN NETEASE AT $USD 81.90 (NTES, $81.90) HALF POSITION
This trade paid no dividends and delivered a TOTAL RETURN: +22.4%
