Top Tech Stocks – China Mobile Games and Entertainment (CMGE)
CMGE Return: 398%
China Mobile Games and Entertainment (CMGE) came public back in September 2012 … but CMGE stock went on to be a big dud. Because of the volatility and concerns about accounting issues, Chinese tech stocks became something that investors wanted to avoid.
But going in 2013, people started to forget the issues and realized there were still huge growth opportunities. As for CMGE, it was turning into one of the top operators in mobile gaming in China, with over 450 titles.
For the most part, growth has been on fire for CMGE. In the latest quarter, revenues surged over 125% to $16 million. And there was even net income of $4.1 million, or 16 cents a share. The paying users are reached about 2.8 million.
No doubt, this is the kind of stuff that investors couldn’t ignore when looking for nice plays in the tech stocks category.