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China ADR Wrap Monday May 17, 2010

China ADR Wrap Monday May 17, 2010

May 17, 2010 (Chinavestor) – U.S. indexes spent a good portion of Monday's trading session in the red with the Dow Jones Industrial Average (INDEXDJX:.DJI) down 184 points by noon Eastern time as Europe's debt concerns and faltering oil prices continued to pressure risk appetite. The losses were reversed by the end of the day, helping U.S. equities notch small gains on the day.

The same cannot be said for Chinese stocks as the bear market theme remains prevalent. The Hang Seng Index (INDEXHANGSENG:.HSI) plunged 430.2 points, or 2.2%, to 19,715.20 and things were not much better for the Shanghai Composite Index (SHA:000001), which shed 136.7 points, or 5.3%, to settle at 2,559,93. Small-caps offered no refuge with the Claymore/AlphaShares China Small-Cap ETF (NYSE:HAO) tumbling 1.7%. Other major China-specific ETFs didn't fare much better with iShares/FTSE Xinhua China 25 Index (NYSE:FXI) losing 0.5% and the PowerShares Golden Dragon Halter USX China ETF (NYSE:PGJ) slumping by 1.5%.

With oil prices down almost 21% since their May 3rd high of $87.15 a barrel, solar stocks are doing anything but shining. Chinese solar names such as Trina Solar (NYSE:TSL), Yingli Green Energy (NYSE:YGE) and Canadian Solar (Nasdaq:CSIQ) all declined by at least 7%.

Online gaming firm Perfect World (Nasdaq:PWRD) was punished on the back of a disappointing earnings report as the bears hammered those shares to the tune of 25%. Environmental services firm RINO International (Nasdaq:RINO) was also done in by a glum profit update, shedding almost 12% on the day. Rival Gushan Environmental Energy (NYSE:GU) was hit by RINO's news as well, losing almost 8% on the day.

Other big losers among Chinese ADRs include Acorn International (NYSE:ATV), which lost 12.6%, and Agria (NYSE:GRO) and Tongxin International (Nasdaq:TXIC), both of which lost more than 9.5%.

Among the winners, E-House (NYSE EJ) may be benefiting from a bounce in the real estate sector. Sinovac Biotech (NYSE:SVA) took back some of Friday's major losses, gaining 2% on Monday. American Dairy (NYSE:ADY) gained over 2.3%, but this may be another dead-cat bounce situation. Another gainer after seeing big losses: Noah Education (NYSE:NED), which added 3.2% , but the stock is still down 18% in the past month. China Mobile (NYSE:CHL) saw some positive trade as global investors sought out the safety of the telecom sector.

China Medical Technologies (Nasdaq:CMED) added 1.6%, showing Chinese healthcare names still have some gas left in their tank. Tiens Biotech (AMEX:TBV) was the top gainer among Chinese names, adding more than 4% after releasing first-quarter results. Zhongpin (Nasdaq:HOGS), China Transinfo Technology (NYSE:CTFO) and Nam Tai Electronics (NYSE:NTE) round out the top-10 Chinese gainers on Monday.


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.

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