Top Undervalued China Buys... By Legendary Fund Managers

[MaxKolbe]

http://seekingalpha.com/article/361111-top-undervalued-china-buys-and-sells-by-legendary-fund-managers 

"SPRD is a Chinese fabless designer of baseband processor and RF transceiver solutions for wireless communications market. Guru funds added a net $11 million to their $6 million prior quarter position, with the top buyer being Kingdon Capital Management ($15 million). SPRD shares have been hammered lately despite reporting impressing quarter results, beating analyst earnings estimates by 4c-7c every quarter for the last four reports, over concerns about its long-term competitive position. Its shares currently trade at a discount 6-7 current P/E on a TTM basis, and at 2.9 P/B, compared to the averages of 13.2 and 1.6 for its peers in the electronic components semiconductor group, while earnings are projected to grow modestly from $2.56 in 2011 to $2.64 in 2012."