5 China Stocks You Must Own Now

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China Stock #4 - China Cast Education (CAST)

China Cast Education (CAST) is a leader in China's e-learning business. The company provides long-distance interactive learning to over 131,000 students at 15 colleges and 6,500 secondary schools. CAST also provides e-learning services to government ministries and corporate enterprises. The company’s e-learning business accounts for 75% of its total revenues, and this segment is growing rapidly, as more Chinese enroll in college classes.

During my recent visit to Beijing, I met with China Cast management, and I found them most impressive. Unlike most Chinese companies, CAST is managed by seasoned international executives. After seeing their impressive operation, I came away confident about the company, its management and its continued growth. That growth is taking place at the rate of over 20% a year, but despite this strong growth, the stock still trades at very attractive valuations.

As long as China’s economic growth continues to lift millions of Chinese into the middle class, the demand for higher education will continue expanding — and that’s what makes China Cast such a strong stock.

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