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China stocks on the move by noon on Monday

China stocks on the move by noon on Monday

May 17, 2010 (Chinavestor) The Euro hit four year lows sending oil and commodity prices lower on Monday. Energy stocks felt the pinch, Chinese solar and coal companies declining the most by noon. Large cap Chinese stocks outperformed smaller counterparts: the iShares FTSE/Xinhua 25 Index (NYSE:FXI) lost -1.9% vs. a -2.8% tumble by the Claymore/AlphaShares China Small Cap ETF (NYSE:HAO).

Advances of Chinese stocks are measured in pennies. Tiens Biotech Group (NYSE:TBV) advanced $.12 or 5.83% by noon - making it the best performing China ADR so far. Not a single China stock has advanced decisively.

Rino International (NASDAQ:RINO) and Perfect Wolrd (NASDAQ:PWRD) fell the most on 2010 Q1 earnings reports. Trina Solar (NYSE:TSL), JA Solar (NASDAQ:JASO) and Canadian Solar (NASDAQ:CSIQ) fell on lower energy prices, just as did Yanzhou Coal (NYSE:YZC). China Green Energy (NYSE:CGA) continued the slide from last Friday.

China Stock Earnings Calendar May 17-21

China Stock Earnings Calendar May 17-21

May 21, 2010 (Chinavestor) The following Chinese companies are scheduled to report financial results for the first quarter ended March 31, 2010 starting May 17.


China stock market summary May 13, 2010

China stock market summary May 13, 2010

May 13, 2010 (Chinavestor) Shares of Chinese companies traded in a narrow range on Thursday as investors were trying to figure out where the markets were heading. Chinese ETFs tracking small and large cap stocks barely moved; the iShares FTSE/Xinhua Index (NYSE:ETF) fell -0.5% while the Claymore AlphaShares Small Cap China ETF (NYSE:HAO) rose 0.2%.

Stocks at extremes included China Infrastructure Investment Corp. (NASDAQ:CIIC) to the upside and AsiaInfo Holdings (NASDAQ:ASIA) to the downside. Perfect World (NASDAQ:PWRD) popped 6% to catch up with the rest of the sector. China-Biotics Inc. (NASDAQ:CHBT), China Transinfo Technologies (NASDAQ:CTFO) had a strong showing as well.

Recent earnings moved Silvercorp Metals (NYSE:SMV), Int. (NASDAQ:CTRP), Noah Education Holding (NYSE:NED), and Home Inns & Hotels Management (NASDAQ:HMIN). Additional earnings coverage at: China stock earnings calendar May 10-14, 2010.

For the ten best and worst performing China ADR, look up the chart below.

AsiaInfo Holdings (NASDAQ:ASIA) fell -11.32% on Thursday and just as importantly, fell with huge underlying volume. This negative money flow suggests the stock will remain under pressure at least for the short run.

Perfect World (NASDAQ:PWRD) has been creeping higher since the beginning of May, a time when the stock became oversold. Shanda Games (NASDAQ:SNDA) popped double digits on Monday, it was PWRD's turn on Thursday. Industry leader Inc. (NASDAQ:NTES) will report 2010 Q1 earnings on May 19 after the close, until then expect increase volatility within the online game sector.

Selected smaller cap China stocks jumped on Thursday. China-Biotics Inc. (NASDAQ:CHBT) and  China Transinfo Technologies (NASDAQ:CTFO) rose before earnings announcement. CTFO will host 2010 Q1 earnings call on May 14 at 8:00 A.M. CHBT will do the same day, time not supplied.


China stock market summary May 12, 2010

China stock market summary May 12, 2010

May 12, 2010 (Chinavestor) Earnings and a stock split drove Chinese stocks higher in New York on Wednesday. Strong U.S. market sentiment carried Chinese ADRs on its back but strong earnings from (NASDAQ:CTRP), China Digital TV Holding (NYSE:STV), Home Inns & Hotels Management (NASDAQ:HMIN) gave them additional boost they needed to outperform. Larger cap China stocks outperformed small caps as is evidenced by the performance of the iShares FTSE/Xinhua 25 Index (NYSE:FXI) vs. the Claymore/AlphaShares China Small Cap ETF (NYSE:HAO). The FXI rose 0.5% for the day while small cap proxy HAO fell -0.2% on Wednesday. (NASDAQ:BIDU) rose 9.5% after a 10:1 stock split made its stock price affordable.

China Integrated Energy (NASDAQ:CBEH) fell -10.3% despite a strong quarter. Investors were dismayed by a disappointing guidance.

American Oriental Bioengineering (NYSE:AOB) continued to suffer after a weak 2010 Q1 just as did Xinhua Sports & Entertainment (NASDAQ:XSEL).

Revenues and earnings of China Digital TV Holding (NYSE:STV) were in-line with expectations but that was enough for the stock to take off. Shares of the company fell tend days in a row from April 26 to May 6, making it an appealing buy as earnings were not as disastrous as many feared. What's the big jump in STV for? International (NASADAQ:CTRP) delivered what is was supposed to: strong revenue and earnings growth. The company keeps growing at a high speed, according to the latest financials. Ctrip 2010 Q1 doesn't disappoint.

Home Inns & Hotels Management (NASDAQ:HMIN) advanced +7.63% thanks to a record revenue and strong 2010 Q2 guidance. The nature of the business remains cyclical but the company is well positioned to record another blockbuster quarter three months from now. Home Inns & Hotels delivers sound 2010 Q1. (NASDAQ:BIDU) advanced +9.5% after a double digit gain from Monday to Tuesday. The stock is volatile, for one. But today's catalyst came from a 10:1 stock split making shares of BIDU more appealing to retail investors. The $700/ADR price was too much fro most investors. Increased volume means price appreciation, as we all know it. Part of BIDU's strength contributed to the sound performance of the iShares FTSE/Xinhua 25 Index (NYSE:FXI). (NASDAQ:CTRP) is another larger NASDAQ listed China play that advanced today. (NASDAQ:SOHU) and  Sina Corp. (NASDAQ:SINA), another internet heavy weights rose 2.5% and 4.0%, respectively following record earnings from Tencent (HKG:0700), a bellwether for internet ad spending.

Chinese airliners suffered in New York just as much as in Hong Kong. We wrote this morning that "But Chinese airliners continued to suffer, China Eastern Airlines (HKG:0670) (NYSE:CEA) and China Southern Airlines (HKG:1055) (NYSE:ZNH) fell for the fifth day in a row." From this respect CEA's and ZNH's weakness was foretold and came as no surprise. But such a steep fall is unusual, suggesting the bottom is near! China stocks pare losses in afternoon rally in Asia.

China Integrated Energy (NASDAQ:CBEH) reported record revenues of over $100 million and profitability remained strong, but issued a conservative guidance below what the Street was looking for. Shares of the company fell -10.3%. CBEH down -9% following 2010 Q1 numbers.

For more earnings related analysis and coverage: China stock earnings calendar, May 10-14, 2010.

Oversold China stocks swing the most by noon

Oversold China stocks swing the most by noon

May 10, 2010 (Chinavestor) Shares of Wonder Auto Technology (NASDAQ:WATG) surged +13.08% followed by (NASDAQ:CTRP) with a 13.06% jump by noon, on Monday. Chinese solar stocks shined, just as predicted in the 'Oversold stock for Monday' report this morning.

The following solar makers advanced double digits by noon: ReneSola Ltd. (NYSE:SOL), LDK Solar (NYSE:LDK), Train Solar (NYSE:TSL) and Suntech Power (NYSE:STP).

For other big movers of the day, see chart below:

Wonder Auto Technology (NASDAQ:WATG) and (NASDAQ:CTRP) were the two most oversold China stocks before the open on Monday. We highlighted both stocks, besides a long list of other China plays, as stock of interest.

Most oversold China stocks, May 10, 2010 Monday at 8:00 A.M.

Solar stocks surged for three reasons:

  • Higher oil price makes solar power economically more viable
  • Stronger Euro makes them more profitable - selling in Germany and Spain and converting it into $
  • ReneSola Ltd. (NYSE:SOL) reported better-than-expected 2010 Q1 before the open, reaffirming the fundamental strength of the sector. ReneSola swings back to profit, bright outlook
But it wasn't just ReneSola (NYSE:SOL) but China Sunergy (NASDAQ:CSUN) that reported strong revenue, earnings growth and swung back to profit for the first quarter of 2010 as well. CSUN 2010 Q1 back to profit. Industry leaders LDK Solar (NYSE:LDK), Trina Solar (NYSE:TSL) and Suntech Power (NYSE:STP) took off following a favorable change in all three reasons mentioned above.

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