Investors’ eyes are always lingering on China. There have been plenty of ups and downs with that country’s hottest tech stocks, but the risks haven’t deterred the bold from following companies like Baidu (NASDAQ:BIDU), Youku (NYSE:YOKU), China Mobile (NYSE:CHL) and others.
But becoming too entrenched in China makes it easy to forget other companies worth following in eastern and southern Asia.
For investors looking to broaden their interests in the region, here are four tech company to stop ignoring:
Indosat (NYSE:IIT)
Like most tech stocks, Indonesia’s Indosat was hit hard in the 2008 crash, but it started crumbling well before most. The stock fell more than 66% between December 2007 and the end of 2009, dropping as low as $17 from more than $50. The telecom has been resurgent in the past twelve months, though, posting a 63% jump in its most recent quarter. With the company’s mobile phone subscriber base continuing to grow, the stock should continue to see a steady recovery over the next year.
Patni Computer Systems (NYSE:PTI)
One of India’s premiere information technology companies — covering everything from commercial software to outsourcing services — Patni has had a rough year, and the stock has been cut in half. Still, the company beat analyst expectations when it reported its first-quarter earnings in April and revenue grew more than 10% year-on-year. As long as Patni can maintain its rate of growth, the company should be much healthier come the first quarter of 2012.
Infosys (NASDAQ:INFY)
Patni’s IT business in India is strong, but it pales in comparison to Infosys. The company has more than 130,000 employees in offices covering 33 countries. This year hasn’t been terribly kind to the stock — shares have fallen 15% since the beginning of April, due mostly to the company’s poor first-quarter earnings. The next eight months aren’t especially promising either since the company is now predicting lower-than-expected earnings for the full fiscal year. That said, Infosys has a history of rebounding and investors would do well to follow the stock.
Wipro (NYSE:WIT)
Wipro plays second fiddle to Infosys in the Indian IT field, but the stock has fared better bet than its competitor in recent months. The stock grew 26% between April 2010 and April 2011, and though it’s down since reporting lackluster earnings in April, Piper Jaffray sees the company rebounding in the coming months.
As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at @ajohnagnello and become a fan of InvestorPlace on Facebook.
