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: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in
March 11, 2010 (Chinavestor) Looking at the ten best and ten worst performing China stocks on Thursday at 2:00 P.M., it is obvious that a relatively mild day like today had a profound impact on Chinese equities. Overbought China Finance Online (NASDAQ:JRJC) gave back -5.78 % but WuXi Pharmatech (NYSE:WX) or Home Inns & Home Management (NASDAQ:HMIN) didn't perform much better either. Shares of Baidu.com (NASDAQ:BIDU) fell most dramatically measured by dollar change but in percentage points China's largest search engine company fared better. Oversold Shanda Interactive (NASDAQ:SNDA) has been recovering helping smaller players like Giant Interactive (NYSE:GA) along the way. Selected solar companies do well despite all odds such as Suntech Power (NYSE:STP) and Trina Solar (NYSE:TSL).
Shares of China Mobile (NYSE:CHL) advanced $.69 after a similar rally in Hong Kong earlier today. Most of the excitement is a result of an acquisition announced yesterday. The largest cellular company in the world, measured by number of subscribers, bought a 20% stake in Shanghai Pudong Development Bank (SHA:600000) for $5.6 billion.
Quality Chinese solar companies like Trina Solar (NYSE:TSL) or Suntech Power (NYSE:STP) advanced as earnings season wind down for solar makers. China Sunergy (NASDAQ:CSUN) reported quarterly and full year financials before the open on Thursday - and failed to impress investors. China Sunergy back to a loss, tails sector.
But industry leader Suntech Power (NYSE:STP) reported strong quarterly revenue and earnings growth for the fourth time in a row, suggesting the industry is out of the woods. Related coverage: Better belie it: solar stocks recover.
Online game developer and operator Shanda Interactive (NASDAQ:SNDA) has shown signs of strength as investors digest latest financial report. We're of a view that Shanda remains an attractive stock. Shanda, Perfect World reports Q4. Changes in Chinese online game landscape.
When industry leaders do well, smaller players follow. This is the case with Giant Interactive (NYSE:GA), a smaller online game play.
Shares of Baidu.com (NASDAQ:BIDU) weight down the chart above but the stock is doing relatively well in percentage points. Shares of the company advanced six days in a row yesterday and a break today is more than healthy. Baidu.com (NASDAQ:BIDU) is going to give a try to run for the $550 closing pice one of these days...
Shares of Home Inns & Hotel Management (NASDAQ:HMIN) have been up and down since the earnings announcement. It looks as if the Street hasn't made up his mind yet. At Chinavestor we're of a view that HMIN looks attractive, based on latest quarterly report. Don't be goofed by Q4 results. HMIN remains undervalued.
We pointed out in the overbought monitor this morning that shares of China Finance Online (NASDAQ:JRJC) are overbought. "Another stock that's screaming off the overbought chart is China Finance Online (NASDAQ:JRJC). With an +18% advance in the past few days, earnings better be good on March 16 else many investors will lose their shirts."
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