JST, YZC - of course, those are tier 1 names. What I don't understand is why everyone is so crazy about finding legitimate tier 2 names. There are very few, and it's not worth the effort. Moreover, why does a stock have to be P/E 3 or 4 to generate interest? A low P/E like that is a reason to walk away, b/c it means that the market has found problems with the company. Unless you're in China or you have access to Chinese data, you aren't going to be able to determine whether the market is wrong. And so if you do make the investment, you will be betting against the market without sufficient information. That's a recipe for disaster, as we saw with CCME. The short money had a much more sophisticated research approach than the long money, unfortunately.
If you're going to invest in this space, I think you want to invest in the confirmed real companies, the tier 1 names. You will need to accept more realistic prices, but that comes with the territory--you're now being a real company. The P/E's will be a bit closer to normal. JST has a forward P/E of 7.37, a very attracitve valuation. It's not usual for real companies to have P/E's that low. So there is still opportunity. TSL is also attractively priced, if you are bullish on Solar going forward.
News 
Market Data 
Discover 
AI
