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My last stock pick for 2008: I bought Sina Corporation (NasdaqGS: SINA) December 31, 2008

Posted by deminvest in China stock, investment, SIna.

I just bought 50 SINA shares, spending USD 23,84 each for a total amount of $ 1397.
I chose SINA because it is the best Chinese Advertising company. Advertising by SINA is made fopr Chinese consumer, so it is linked to the Chinese internal market, which will be the main leg for Chinese growth in tines in which export will be languishing.
China is reacting well and fast to the economical downturn.
A good instance is Chinese $700 Billion in electrified railways:
Bush and Obama give billions of dollars to half broken banks and carmakers, while Chines invest billions to build tens of thousands on miles of electrified railways and 40 new nuclear plats which will create millions of jobs and make China less oil-dependent in the future.

Of course SINA also has good numbers:
Trailing P/E (ttm, intraday): 17.18
Forward P/E (fye 31-Dec-09) 1: 11.98
Qtrly Revenue Growth (yoy): 63.80%
Qtrly Earnings Growth (yoy): 28.00%
No debt, and $500 million cash, more than one third of its market value.

I also like very much SINA’s acquisition of Focus Media’s outdoor LCD screen advertising network in office buildings, elevators and supermarkets.



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