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China ADR Wrap June 15, 2010

China ADR Wrap June 15, 2010

June 15, 2010 (Chinavestor) – The bulls were back in force today as the Dow Jones Industrial Average (INDEXDJX:.DJI) gained 2.1% with all 30 of the index's constituents moving higher on the day and the S&P 500 finally moved above the all-important 200-day moving average. That fueled some bullish trade in Chinese ADRs and ETFs with the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) gaining 2.7%. Not to be outdone was the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO), which soared 2.5%. Chinese large-caps enjoyed the rally as well with the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) adding 2.3%.


A 2.4% jump in crude oil to $76.94 a barrel, which took crude above a pivotal resistance point, fueled a rally in solar stocks with JA Solar Holdings (Nasdaq:JASO) gaining more than 9% and Trina Solar (NYSE:TSL) gaining 6.3%. LDK Solar (NYSE:LDK) tacked on 5.7% and Yingli Green Energy (NYSE:YGE) added almost 5.4%. Of course, the rally in oil benefited pure-play oil names with Cnooc (NYSE:CEO), China's largest offshore driller, adding $10.07, or 6%, to settle at $176.07.

Chinese tech names were also home to some strength on Tuesday as AsiaInfo Holdings (Nasdaq:ASIA) added 6% and Ctrip.com (Nasdaq:CTRP) surged almost 8%, traversing its April high of $42.30. Telecom names were also worth trading City Telecom (Nasdaq:CTEL) gaining 5% and China Telecom (NYSE:CHA) nearly adding almost the same amount.

Large-cap losers were hard to come by. Syntura International (Nasdaq:SYUT) was overbought heading into the day and declined by more than 1%. Shanda Interactive Entertainment (Nasdaq:SNDA) continues to struggle to find momentum and retreated by almost 1% on the day.

As we noted earlier, small-caps were strong and that strength was almost as evident with the losers as it was the winners. The biggest small-cap loser on the day was China Architectural Engineering (Nasdaq:CAEI) was down less than 4% and ChinaCast Education (Nasdaq:CAST) lost a mere 3.7%. Other losers included a host of usual suspects, including ATA Inc. (Nasdaq:ATAI), which lost almost 3%, Tiens Biotech (AMEX:TBV), which slid 2.22%, and WSP Holdings (NYSE:WH). WSP didn't participate in the oil rally, sliding half a percent on the day.

RINO International (Nasdaq:RINO) got a big boost, surging more than 10%. China Housing and Land Development (Nasdaq:CHLN) shrugged off some less-than-encouraging news for the real estate sector, gaining 9.7% on the day. China Green Agriculture (NYSE:CGA) added 8.33% on volume that was about 75% above the daily average after reaffirming 2010 guidance. China Infrastructure Investment (Nasdaq:CIIC) added 8% on no news and lethargic volume.

A-Power Energy Generation Systems (Nasdaq:APWR) gained 8% on volume that was nearly 50% higher than the daily average. China Sunergy (Nasdaq:CSUN) participated in the solar rally, adding 6.44% on strong volume.

 
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Energy, airline, telco stocks lifts China ADRs

Energy, airline, telco stocks lifts China ADRs

June 10, 2010 (Chinavestor) Chinese solar stocks took the lead on Thursday by noon, buoyed by strong earnings, firmer euro and raising oil prices. Yesterday's top solar stocks continue to do well - Yingli Green Energy (NYSE:YGE) and Trina Solar (NYSE:TSL) jumped 9.88% and 6.71%, respectively. Suntech Power (NYSE:STP), another sector heavy weight, rose 7.38% by noon.

Synutra International (NASDAQ:SYUT) jumped 7.93% following better-than-expected earnings from last night. A-Power Energy Generation Systems (NASDAQ:APWR) beat estimates this morning and guided higher, resulting in a 20% jump in share price by noon.

Chinese airliners shine as well. Shares of China Eastern Airlines (NYSE:CEA) and China Southern Airlines (NYSE:ZNH) rose 4.54% and 6.16%, respectively. H-shares of both airliners advanced similarly in Hong Kong earlier the day.

There are only two large cap, market cap of $500 million or more,  China ADRs that are in the red for the day so far. Online game developer and operator NetEase.com Inc. (NASDAQ:NTES) and Perfect World (NASDAQ:PWRD). The weakness is sector specific as the sector continues to struggle with regaining investors' confidence. While revenues improved, profitability worsened for most online gamers for the first three months of the year. Earnings From Online Gaming Firms A Mixed Bag.

This is in sharp contrast to the solar sector where almost every company beat estimates and issued higher guidance. China solar stocks shine.

On the earnings front, Synutra International (NASDAQ:SYUT) returned to profitability while beating analysts' estimates easily. Synutra swings back to profit!

A-Power Energy Generation Systems (NASDAQ:APWR) reported before the opening bell. Revenues were not that impressive but earnings and just as importantly, improved revenue guidance of $500 million vs. $380 estimated, lifted the stock price over 20% to $9 a share. A-Power jumps 20% on guidance, earnings.

Solar stocks got a lift from the stronger euro and oil prices. Trina Solar (NYSE:TSL) was the best performing China solar play yesterday followed by Yingli Green Energy (NYSE:YGE). Both continue to do well on Thursday. Suntech Power (NYSE:STP) is playing catch up with the rest of the sector. And just how much the euro-dollar rate influences the bottom line of Chinese solar companies, read Solar stocks and the dollar.

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China ADR Wrap June 9, 2010

China ADR Wrap June 9, 2010

June 9, 2010 (Chinavestor) Lack of confidence punished U.S. indices, erasing most of mornings gains by the end of the day. Chinese indices rose in Asia earlier the day but the DJIA fell in the late afternoon trading to end the day 40.7 points or 0.4% lower at 9,899.25. FED Chairman Ben Bernanke testified before Congress about the health of the economy, but his positive remarks were overrun by concerns following the release of the "Beige book". This economic report highlighted Europe's economic woes and its chilling effect on global growth.

Chinese ADRs felt the pinch - small cap stocks taking the brunt of the sell-off. The iShares FTSE/Xinhua 25 Index (NYSE:FXI), one of the best proxy for large Chinese companies, ended the day 0.7% higher thanks to energy, solar, and telecoms stocks. But small cap proxy Claymore/AlphaShares China Small Cap ETF (NYSE:HAO) shed 0.3% on Wednesday.

Synutra International (NASDAQ:SYUT) rose 4.9% before releasing quarterly earnings after the close. Trina Solar (NYSE:TSL) and Yingli Green Energy (NYSE:YGE) were the best performing solar plays of the day; both companies surprised investors to the upside with robust quarterly reports. Trina Solar 2010 Q1 beats estimates.

Mindray Medical (NASDAQ:MR), a Chinese medical equipment maker, rose 3.5% but has a lot of ground to make up following disappointing 2010 Q1 financials. The stock is trading 17% lower since last month.

Baidu.com (NASDAQ:BIDU) remained volatile, falling with the market. The sell-off accelerated as the trading day was nearing the close.

Small cap China stocks were volatile as well. China Housing & Land Development (NASDAQ:CHLN) rose over 15% by noon but ended the day only 5% higher after our report reveled that the firm's cash position is not as sound as it looks. CHLN cash position disappoints.

Resumption of a share repurchase plan helped Qiao Xing Universal Resources, Inc. (NASDAQ:XING) to advance 7.14% on Wednesday.

China Integrated Energy (NASDAQ:CBEH), a Chinese bio-diesel producer and heavy oil distributor, rose as price of oil firmed up.

China TechFaith Wireless (NASDAQ:CNTF) surged over 20% on May 19 following better-than-expected quarterly results. But most of those gains are gone by now, with a very heavy selling taking place in the last 30 minutes of trading on Wednesday. China TechFaith Wireless 2010 Q1 Profit Rises.

WSP Holdings (NYSE:WH) fell 4.40% as investors shunned the company following disappointing 2010 Q1 numbers. WSP Holdings tumbles on earnings report.

 

Knowledge base

Energy, real estate stocks lead China ADRs higher

Energy, real estate stocks lead China ADRs higher

June 9, 2010 (Chinavestor) Assurances from Ben Bernake that the economic recovery is on track helped U.S. investors turn bullish, at least for the short term. Price of oil rose +3.60% by noon on Wednesday, lifting energy stocks alongside. Oversold Chinese solar stocks shine; Trina Solar (NYSE:TSL) and Yingli Green Energy (NYSE:YGE) took the lead among larger cap Chinese ADRs. CNOOC Ltd. (NYSE:CEO) and Yanzhou Coal (NYSE:YZC) rose substantially as well. Home Inns & Hotels Management (NASDAQ:HMIN) bounced back up on Wednesday but it was real estate China Housing & Land Development, Inc (NASDAQ:CHLN) that advanced the most in percentage terms.  China Unicom (NYSE:CHU) and China Mobile (NYSE:CHL) continue to outperform the broad market as well.

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Knowledge base

China ADR Wrap June 8, 2010

China ADR Wrap June 8, 2010

Chinese stocks rallied on the back of improving market sentiment. Large cap stocks outperformed smaller counterparts as their respective ETFs testify. The iShares FTSE/Xinhua 25 Index (ETF) (NYSE:FXI) rose 2.2% while the small cap proxy Claymore/AlphaShares China Small cap ETF (NYSE:HAO) advanced 1.9%.

Among large cap Chinese ADRs, companies over $500 million market cap in this case, Vanceinfo Technologies (NYSE:VIT) jump the most on Tuesday, followed by China Southern Airlines (NYSE:ZNH) and CNOOC ltd. (NYSE:CEO).

Vanceinfo Technologies (NYSE:VIT) experienced a strong bounce back following two days of sharp losses. Shares of the company fell 10% in the last two trading sessions.

China Southern Airlines (NYSE:ZNH), the largest Chinese carrier by fleet size, benefited from exuberance surrounding the industry as its leaders gather in Berlin discussing the future of the industry. Shares of China Eastern Airlines (NYSE:CEA) rose 0.56%.

CNOOC Ltd. (NYSE:CEO), China's offshore oil specialist, advanced 3.43% along with the increasing price of the crude. Shares of Petrochina (NYSE:PTR), the largest oil producer in China, advanced  2.75% for the day.

Oversold Aluminum Corp. of China (NYSE:ACH), the third largest aluminum maker of the world, advanced 3.28% after falling 10% late last week. Shares of the company became oversold as our analysis have revealed.

WuXi Pharmatech (NYSE:WX) tumbled 6.5% after Jana Partners LLC disclosed that they have doubts about Charles Rivers' decision to pursue the merger with WuXi Pharmatech (NYSE:WX). Jana decided to invest in CRL instead. Related article on Street.com.

JA Solar (NASDAQ:JASO) continued to tumble but that might come to an end, according to the oversold monitor. JA Solar (NASDAQ:JASO) was the most oversold China ADR this morning, suggesting a turnaround is imminent after today's fall.

Perfect World (NASDAQ:PWRD), a Chinese online game developer and operator, fell 2.8% - just to catch up with the rest of the sector. Industry leaders Shanda Interactive (NASDAQ:SNDA) and NetEase.com Inc. (NASDAQ:NTES) failed to impress investors with their 2010 Q1 financial reports, putting pressure on the sector.

Looking at small cap Chinese ADRs, A-Power Energy Generation Systems (NASDAQ:APWR) jumped the most on Tuesday. The 5.09% advance today is more of a technical rebound following a 15% tumble in the past three business days.

Shares of General Steel Holdings (NYSE:GSI) remained explosive, jumping 4.6% for the day. Other high risk/high return stocks with strong gains include Rino Int. (NASDAQ:RINO), China TransInfo Technology Corp (NASDAQ:CTFO) and China Information Security Tech, Inc. (NASDAQ:CPBY).

But Chinese real estate and related stocks remained under pressure. Latest land auction in Hong Kong suggests the real estate market is not showing signs of cooling down despite various efforts. The Government of Hong Kong sold a land for residential development for a record $1.3 billion just this week.

E-House Holdings (NYSE:EJ) fell hard on Monday and now China Housing & Land Development, Inc. (NASDAQ:CHLN) fell 6.36% on Tuesday. The stock accumulated losses of over 30% just in the last five trading days! Xinyuan Real Estate Co., Ltd. (NYSE:XIN) tumbled 4.76% for the day.

Winner Medical Group (NASDAQ:WWIN) shed 5.75% - this is a reflection of lack of investors rather than fundamental news. I had a chance to meet its CEO last month in New York and was impressed by him. I think the firm will do better than this in the short and mid term....

Fushi Copperweld (NASDAQ:FSIN), WSP Holdings (NYSE:WH) continue to suffer following disappointing 2010 Q1 financials.

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