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Filed under: International markets, Newsletters, Canada, Stocks to Buy

This post is part of a special report, Global advisors look to China.

"Asian markets now trade at valuations below those of other recession periods, yet investors remain extremely negative and unwilling to buy growth," says Asian stock specialist Yiannis Mostrous.

The editor of The Silk Road Investor explains, "This combination will allow prudent bargain-hunters to position themselves for the next cycle." Here, he looks at one Asian favorite -- Taiwan Semiconductor (NYSE: TSM).

Filed under: International markets, China, Newsletters, Mutual funds, ETF Investing, Commodities, Stocks to Buy, Technology

With its own economic stimulus program in place, a relatively stable banking system, and a stock market that has been resilient in recent months, numerous leading global investment advisors are looking bullishly towards China.

From technology to power and from individual stocks to ETFs and from Hong Kong to Taiwan to mainland China, we turn to seven leading advisors for their favorite ways for US investors to take a stake in Asia.

Former Wall Street Favorites Sink to Single Digits

I've chosen to invest due to a number of factors:

1. High return on equity (compared to industry)

2. Low debt to equity ratio

3. PEG < 1

4. Relatively low institutional ownership

5. Increasing growth, partially due to AMD going fab-lite

6. Extremely efficient management (high inventory turnover and revenue per empoyee)

This is a long-term buy with low downside and a relatively greater upside.

TSM was upgraded awhile back by ValueLine, and by others to "outperform." (the latter a dubious category, unless it means "outperform our other picks.")

The use of "chips" in automobiles, appliances, robots, etc is still growing exponentially - not to mention changes in Game Consoles. It is quite possible we will soon see the "games" themselves coming out with chips (possibly programable) and few producers have the capacities available to TSM. TSM is the biggest producer in the world.