Giant Interactive, A white horse in the bear?

The legend routed out of a legendary man in China's south land. Yuzhu Shi's a road map of Chinese business growth. Giant Interactive is his new mission. Funds are shorting his stock, as it may seem, he once joked that they will regret in pain.

Giant Interactive isn't one of leaders in multiplayer fantasy role-playing games. The company behind ZT Online just went public last year. However, it's offering up a pretty compelling value here as a busted IPO.



Growth is on a tear at Giant. Revenue and earnings grew 36% and 33% respectively in its latest quarter. With 1.8 million paying accounts, Giant clearly knows what the world's most populous nation likes to play. Now trading at less than eight times next year's projected profitability, it's a game that investors may want to play as well.

Six dollers may bottle up for a growing gamer in growing young China. A bear market, may not be a bear Giant, or even a white horse soon.