PTR - PetroChina Company Limited

NYSE - NYSE Delayed Price. Currency in USD
67.54
+1.06 (+1.59%)
At close: 4:02PM EST
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Previous Close66.48
Open67.63
Bid60.10 x 1200
Ask89.50 x 800
Day's Range67.26 - 67.63
52 Week Range59.21 - 85.02
Volume47,295
Avg. Volume94,450
Market Cap202.88B
Beta (3Y Monthly)1.00
PE Ratio (TTM)15.35
EPS (TTM)4.40
Earnings DateN/A
Forward Dividend & Yield1.36 (2.13%)
Ex-Dividend Date2018-09-12
1y Target Est87.79
Trade prices are not sourced from all markets
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That said, I still believe that will happen at some point. JD.com has big-money partnerships with Walmart (NYSE:WMT) and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), the latter of whom took a stake in JD.com at over $40 per ADS, nearly double the current price. The e-commerce market in China will be big enough for two winners, at least. And JD's better supply chain could allow it to take share from Alibaba over the long haul. JD stock seemingly has bottomed over the past six weeks, so a rebound may be at hand. Near-term, investors still need to be careful: if support breaks again, the downtrend can resume. But at some point, I still believe JD will rebound. ### Nio (NIO) Electric vehicle company NIO (NYSE:NIO) closed the year up under 2% from the price at which it went public in September. In the context of the overall market -- and the Chinese stock market -- over that stretch, the performance certainly isn't that bad. 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Put selling can create a hedged entry -- and for investors willing to try and time the bottom, might be the wisest choice. * 10 Oversold Stocks Due for a Bounce This seems like a story that could be huge -- but in this market, there also seems to be little reason to rush in. ### Huya (HUYA) Source: Shutterstock Huya (NYSE:HUYA) is often referred to as China's version of video game streaming company Twitch, now owned by Amazon.com (NASDAQ:AMZN). Like NIO, Huya went public this year, with shares priced at $12. Unlike NIO, HUYA stock actually rose from those prices, closing the year above $15. But that gain is small solace to most HUYA shareholders. The stock rose 300% out of the gates; it fell nearly 70% from highs above $50 to the end-of-year price. The chart still suggests a falling knife, and between competition from privately held Douyu and others, plus a 3x-plus multiple to 2019 revenue estimates, HUYA stock could have further to fall. That said, here, too, there's a bull case worth buying. Video game demand in China continues to rise -- and should do so for years at a pace that exceeds even that of the U.S. The company has turned profitable already. And a buyout isn't out of the realm of possibility. The risks here looks similar to those facing many issues in the Chinese stock market. The rewards, however, do not. A return even close to 2018 highs suggests huge upside for HUYA. And a heavy short interest, plus a thin float, means a short squeeze provides a potential catalyst once sentiment finally turns. ### PetroChina (PTR) For a $200 billion company, PetroChina (NYSE:PTR) gets a surprisingly small amount of attention. What news there has been of late, however, certainly hasn't been good. PTR trades near its lowest levels in almost three years - and is only a few points away from touching a thirteen-year low. It's not hard to see why that is. Oil prices are falling; the spike in natural gas is fading. Concerns about the Chinese economy are rising. If anything, it might seem surprising that PTR fell "only" 12% in 2018. * 10 Top Stock Picks From the Street's Best Analysts But those obvious risks also set up a potential case for a rebound. It's hard to think of any large-cap stock that could benefit more from a broad reversal in sentiment. If investor fear turns back to greed, oil bounces, Chinese stocks bounce and PTR could gain big. After all, the stock traded above $80 -- 30% or more above current levels as recently as early October. ### Baidu (BIDU) Source: Shutterstock On this site in early November, Luke Lango laid out the value-based bull case for Baidu (NASDAQ:BIDU). Lango isn't alone: Wall Street analysts on average see over 50% upside for BIDU. And yet the stock has dropped another 20% in the last two months, closing out a year in which BIDU declined some 32%. The bulls may not be wrong, however -- just early. The chart is ugly, and Baidu is going to need some help from the Chinese stock market to end its long decline. When that reversal comes, however, there's a lot to like here. BIDU trades at a mid-teen multiple to forward earnings despite heavy investments in the business and losses from iQiyi (NASDAQ:IQ). Its search dominance seems assured. Like a lot of Chinese stocks, BIDU probably just needs some time for investor confidence to return. As of this writing, Vince Martin has a bearish out-of-the-money options position in Tesla. He has no positions in any other securities mentioned. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Top Stock Picks From the Street's Best Analysts * 7 Tech Stocks Without China Exposure * 5 Strong-Buy Stocks That Crushed 2018 Compare Brokers The post 5 Chinese Stocks to Avoid Now (But Buy Later) appeared first on InvestorPlace.