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China ADR Wrap June 17, 2010

China ADR Wrap June 17, 2010

June 17, 2010 (Chinavestor) – It was another day of tepid gains for U.S. stocks and their Chinese counterparts did not follow suit as the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) and the iShares/FTSE Xinhua China 25% Index (NYSE:FXI) both fell more than 1% each. Small-caps offered little refuge with the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO) retreating after booking decent gains over the past few days.

Among large-caps, solar stocks once again caught a bid with JA Solar (Nasdaq:JASO), LDK Solar (NYSE:LDK) and Suntech Power (NYSE:STP) all advancing on the day. A curious winner was 51job Inc. (Nasdaq:JOBS), a provider of employment services, which advanced more than 7% today on more than quadruple the average daily volume, but there was no news to drive the robust gain and volume.

Commodities names were a mixed bag with Silvercorp Metals (NYSE:SVM) continuing to look bullish, gaining almost 1.3%. Yanzhou Coal (NYSE:YZC) and Aluminum Corp. of China (NYSE:ACH) did not follow suit, losing 2.2% and 3.3%, respectively. The gaming sector remains a tricky one to navigate as Shanda Games (Nasdaq:GAME) tumbled more than 3% and Internet giant Baidu (Nasdaq:BIDU) also shed about 3%.

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People's Bank Of China Among Losers In BP Shares

People's Bank Of China Among Losers In BP Shares

 

June 17, 2010 (Chinavestor) BP's (NYSE:BP) dramatic share decline since the April 20 explosion of the Deepwater Horizon rig has cost the governments of China, Kuwait, Norway and Singapore a combined $5 billion. BP (NYSE:BP) shares have lost almost 40% since the biggest oil spill in U.S. history started in late April.
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China ADR Wrap June 16, 2010

China ADR Wrap June 16, 2010
June 16, 2010 (Chinavestor) – It was a slow day for U.S. and Chinese stocks alike as the major U.S. indexes were hampered by weak volume and holidays in China and Hong Kong led to some lethargic trade in Chinese ADRs and ETFs. The PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) was flat on the day while the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) and the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO) managed small gains of less than 0.5% each.

Among large-caps, oil and solar names failed to follow through on yesterday's robust moves despite a move higher by crude futures today. Sinopec Shanghai Petrochemical (NYSE:SHI) shed 0.80% while Suntech Power (NYSE:STP) lost almost 2% and Yingli Green Energy (NYSE:YGE) lost 2.5%. There was more weakness in the commodities complex as Aluminum Corp. of China (NYSE:ACH) also lost more than 1%.

Real estate names saw some selling pressure after Nomura Securities said last night it expects China's property bubble to burst “quickly.” China Real Estate Information (Nasdaq:CRIC) and Home Inns & Hotels Management (Nasdaq:HMIN) were both down more than 1% on the day.

Among gainers, Silvercorp Metals (NYSE:SVM) shrugged off a negative trend in the commodities space to add almost 5%. Telecom names also showed some strength again with China Unicom (NYSE:CHU) adding almost 1.4% and City Telecom (Nasdaq:CTEL) building on Tuesday's gains by jumping another 4% today. Tech names turned in another bullish performance with AsiaInfo Holdings (Nasdaq:ASIA), Focus Media Holdings (Nasdaq:FMCN), Ctrip.com (Nasdaq:CTRP) and VanceInfo Technologies (NYSE:VIT) all booking small gains on the day.

Speaking of winners, 3SBio (Nasdaq:SSRX) surged 10.5%,with almost all of those gains coming in the last two hours of trading. Volume in the name was more than triple the daily average, but there was no news to prompt the bullish move. Oil services firm WSP Holdings (NYSE:WH) bounced after some recent selling to advance 6.3% while Fuqi International (Nasdaq:FUQI), the jewelry maker, also gained more than 6%.

The bullish move in tech stocks permeated the small-cap space with China TechFaith Wireless (Nasdaq:CNTF), China Information Security Technology (Nasdaq:CPBY) and Sutor Technology (Nasdaq:SUTR) all finishing higher on Wednesday.

Small-cap real estate issues took a cue from their large-cap counterparts with China Housing and Land Development (Nasdaq:CHLN) tumbling 6.25% and Xinyuan Real Estate (NYSE:XIN) losing almost 3%.

Gaming stocks continue to see selling pressure with Shanda Interactive (Nasdaq:SNDA) losing more than 1% and The9 Limited (Nasdaq:NCTY) losing more than 4%. Qiao Xing Universal Resources (Nasaq:XING) fellow in unison with most commodities names, declining by more than 4%. Nano calcium carbonate producer Shengdatech (Nasdaq:SDTH) dropped 4% on stronger-than-average volume. China Precision Steel (Nasdaq:CPSL) joined in the commodities-related declines, losing 3%.

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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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