First Wilshire’s CEO Scott Hood Speaks with Barron’s

First Wilshire CEO and Portfolio Manager Scott Hood was featured in Barron’s, where he discussed valuations of major internet stocks in the Chinese equities market off the back of his recent trip to the country.

Article Excerpt

When Tencent shares will rise again is harder to predict. For one thing, valuation isn’t particularly low. “The Chinese internet companies are amazing, but they haven’t backed off so much that they represent a steal,” says Scott Hood, chief executive of First Wilshire Securities, which focuses on earlier-stage small-cap companies around the world. Tencent’s price/earnings ratio of 37 isn’t far off its historical average of 40, he notes.

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