Wall St Cheet Sheet.com reports
?
http://wallstcheatsheet.com/stocks/chinese-banks-will-benefit-from-new-search-engine-law.html/
?
Chinese Banks Will Benefit from New Search Engine Law
Citing recent online security issues, China?s (NYSE:FXI) Ministry of Public Security now requires that leading search engine companies post the links of five state-owned banks at the top of every search page. According to the MPS, the search engines have agreed to comply.
The 10 most popular search engines operating in China, including Baidu (NASDAQ:BIDU), Bing (NASDAQ:MSFT), Sogou (NASDAQ:SOHU), Yahoo (NASDAQ:YHOO) and six others are now required to post the official website links to Agricultural Bank of China, Bank of China, China Construction Bank, Industrial Bank of China and Postal Savings Bank of China, along with China UnionPay and CebNet.
Here?s how top search engine stocks closed 2011:
Baidu, Inc. (NASDAQ:BIDU): BIDU shares recently traded at $116.47, up $1.75, or 1.53%. They have traded in a 52-week range of $97.58 to $165.96. Volume today was 5,057,916 shares versus a 3-month average volume of 7,054,180 shares. The company?s trailing P/E is 44.66, while trailing earnings are $2.61 per share.
Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $645.90, up $3.5, or 0.54%. They have traded in a 52-week range of $473.02 to $646.76. Volume today was 1,782,859 shares versus a 3-month average volume of 3,051,360 shares. The company?s trailing P/E is 22.02, while trailing earnings are $29.34 per share.
Sohu.com Inc. (NASDAQ:SOHU): SOHU shares recently traded at $50.00, up $0.2, or 0.4%. They have traded in a 52-week range of $45.40 to $109.37. Volume today was 710,541 shares versus a 3-month average volume of 1,526,200 shares. The company?s trailing P/E is 11.49, while trailing earnings are $4.35 per share.
Yahoo! Inc. (NASDAQ:YHOO): YHOO shares recently traded at $16.13,. They have traded in a 52-week range of $11.09 to $18.84. Volume today was 10,840,889 shares versus a 3-month average volume of 26,296,300 shares. The company?s trailing P/E is 19.74, while trailing earnings are $0.82 per share.
Sohu.com Inc. (NASDAQ:SOHU): SOHU shares recently traded at $50.00, up $0.2, or 0.4%. They have traded in a 52-week range of $45.40 to $109.37. Volume today was 710,541 shares versus a 3-month average volume of 1,526,200 shares. The company?s trailing P/E is 11.49, while trailing earnings are $4.35 per share.
