JOYY (YY) Surges 6.2%: Is This an Indication of Further Gains?

Asian equities traded in the US as American depositary receipts were lower Wednesday morning, down 0.89% at 2,026.12 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by computer hardware company Canaan and biotech firm Zai Lab , which climbed 16% and 9.1% respectively. They were followed by video-based social platform JOYY and mobile healthcare platform 111 , which rose 7% and 3.8% respectively.

The decliners from North Asia were led by pet-focused platform Boqii and automotive ecommerce platform TuanChe , which fell 11% and 4.4% respectively. They were followed by automotive company Honda Motor and semiconductor company Himax Technologies , which dropped 3.7% and 2% respectively.

From South Asia, the gainers were led by IT firm Sify Technologies , which rose 3.3%, followed by tech conglomerate Sea and telecommunications firm Telekomunikasi Indonesia , which were up 2.2% and 0.2% respectively.

The decliners from South Asia were led by IT firm Infosys , which lost 0.7%, followed by Dr. Reddy's Laboratories and telecommunications operator PLDT , which were off 0.5% and 0.1% respectively.

Asian equities traded in the US as American depositary receipts were moving lower Friday morning, falling 1.57% to 2,096.46 on the S&P Asia 50 ADR Index. Despite the decline, the index is still up about 1.3% for the week.

From North Asia, the gainers were led by automotive ecommerce platform Cango and financial services company CNFinance , which climbed 18% and 9.1%, respectively. They were followed by media company Phoenix New Media and diagnostic imaging centers company Concord Medical Services , which were up 4.6% and 3.2%. respectively.

The decliners from North Asia were led by consumer lending firm LexinFintech and online brokerage UP Fintech , which fell 9.6% and 9.3%, respectively. They were followed by internet and data services provider VNET Group and polysilicon manufacture Daqo New Energy , which dropped 8.3% and 6.7%, respectively.

From South Asia, the only gainers were IT firm Infosys and telecommunications operator Telekomunikasi Indonesia , which were up 1.1% and 0.1%. respectively.

The decliners from South Asia were led by tech conglomerate Sea and telecommunications operator PLDT , which were down 1.2% and 0.5%, respectively. They were followed by IT firms Sify Technologies and Infosys , which lost 2.5% and 1.1%.

Asian equities traded in the US as American depositary receipts were surging higher Thursday morning, rising 2.20% to 2,127.67 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by healthcare platform 111 and financial services company CNFinance , which climbed 9.9% and 7.7% respectively. They were followed by polysilicon manufacturer Daqo New Energy and internet and data services provider VNET Group , which advanced 7.6% and 6.8% respectively.

The decliners from North Asia were led by computer hardware maker Canaan and online educational platform 51Talk Online Education Group , which fell 4.4% and 2.4% respectively. They were followed by mobile app developer Cheetah Mobile and ecommerce fashion platform MOGU , which dropped 1.8% and 1.4% respectively.

From South Asia, the gainers were led by telecommunications operators Telekomunikasi Indonesia and PLDT , which rose 2.4 and 2.3% respectively. They were followed by IT firm Sify Technologies and tech conglomerate Sea , which were up 1.2% and 0.3% respectively.

The lone decliner from South Asia was Dr. Reddy's Laboratories , which was off 0.8%.

Investors interested in stocks from the Internet - Services sector have probably already heard of 21Vianet (VNET) and DoorDash, Inc. (DASH). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.

Currently, both 21Vianet and DoorDash, Inc. are holding a Zacks Rank of # 2 (Buy). Investors should feel comfortable knowing that both of these stocks have an improving earnings outlook since the Zacks Rank favors companies that have witnessed positive analyst estimate revisions. However, value investors will care about much more than just this.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.

VNET currently has a forward P/E ratio of 192.57, while DASH has a forward P/E of 675.82. We also note that VNET has a PEG ratio of 6.98. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. DASH currently has a PEG ratio of 13.65.

Another notable valuation metric for VNET is its P/B ratio of 0.96. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, DASH has a P/B of 8.55.

These metrics, and several others, help VNET earn a Value grade of B, while DASH has been given a Value grade of F.

Both VNET and DASH are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that VNET is the superior value option right now.

Zacks Investment Research