In spite of their high valuations, T. Rowe Price fund manager Kennard Allen is bullish on...

|By:, SA News Editor

In spite of their high valuations, T. Rowe Price fund manager Kennard Allen is bullish on Chinese Internet stalwarts BIDU and SINA, given that China's still-low Internet penetration rate of 36% leaves plenty of room for growth. On the flip side, Allen isn't a fan of IT services firms such as ACN and CTSH, citing the potential for cloud services to automate labor-intensive technology processes. (earlier)