Shanda's Earnings Top Views

June 3, 2009

We got more good news yesterday from Shanda (SNDA), which is one of my top China online game stocks. The company reported earnings of 78 cents a share, five cents more than expectations. Online gaming is very popular in China and companies like Netease.com (NTES) and Shanda have made huge gains. The company's revenues soared 47% to $155 million.

I'm a big fan of investing in China. Currently, seven of the top eight stocks in Global Growth service are based in China. Shanda continues to be a very strong buy.

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