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China ADR Wrap August 17, 2010

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advance4 August 17, 2010 (Chinavestor) – Stocks were probably overdue for a bit of a bounce and that's exactly what we got on Tuesday with the Hang Seng managing just a small gain and the Shanghai Composite Index (SHA:000001) barely outperforming its Hong Kong Counterpart. The Dow Jones Industrial Average ended a five-day losing streak with authority, adding over 100 points on the day.

Key stocks mentioned in this report include Ctrip.com Int. (NASDAQ:CTRP), Melco Crown Entertainment (NASDAQ:MPEL) and NetEase.com Inc. (NASDAQ:NTES). Key ETFs are Chinese ETfs such as the Claymore/AlphaShares China Small Cap ETF (NYSE:HAO), the PowerShares Golden Dragon Halter USX China (NYSE:PGJ) and for large caps, the iShares FTSE/Xinhua 25 China Index ETF (NYSE:FXI).

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The bullish action in U.S. stocks helped prop up the three China-specific ETFs that we track, led by the Claymore/AlphaShares China Small Cap ETF (NYSE:HAO), which added 1.6% on the day. The PowerShares Golden Dragon Halter USX China (NYSE:PGJ) added 1% and the iShares/FTSE Xinhua China 25 Index (NYSE:FXI) gained a little less than 1%.

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Among large-caps, Melco Crown Entertainment (Nasdaq:MPEL) was a curious winner, surging more than 10% on double the average daily volume, but there was no news to explain to the big move. The same can be said of 51Job (Nasdaq:JOBS) , which added over 7% on volume that was nearly five times the usual turnover, but there was no news to explain the pop.

Select solar names were strong on the day, led by Suntech Power (NYSE:STP), which gained 4.18%. Yingli Green Energy (NYSE:YGE) followed by notching a 2% gain. Home Inns & Hotel Management (Nasdaq:HMIN) moved higher by nearly 4% on strong volume, but there were no headlines to prompt the buying in that name.

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Ctrip.com (Nasdaq:CTRP), Yanzhou Coal (NYSE:YZC), China Yuchai International (NYSE:CYD) and China Southern Airlines (NYSE:ZNH) all gained more than 2% on the day.

Looking at the losers, nearly every publicly traded online gaming firm can be found on that roster, led by a loss of more than 4% for Perfect World (Nasdaq:PWRD), which reported disappointing earnings. NetEase.com (Nasdaq:NTES) followed with a drop of 2.2%. Changyou.com (Nasdaq:CYOU) and Giant Interactive (NYSE:GA) both lost less than 1% on the day while Shanda Games (Nasdaq:GAME) was unchanged.

Synutra International (Nasdaq:SYUT) was a winner on Monday due to some positive news from China's health ministry, but those gains were undone today as the shares tumbled 7% on more than double the average daily turnover.

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Looking at small-caps, it was a great day to be involved in the agriculture space after Potash (NYSE:POT) rejected a takeover offer from mining giant BHP Billiton (NYSE:BHP). Chinese agriculture names soared on the news, led by a pop of almost 9% for China Green Agriculture (NYSE:CGA). Origin Agritech (Nasdaq:SEED) followed with a gain of almost 6.5%. AgFeed Industries and Agria (NYSE:GRO) both added more than 5%.

Rino International (Nasdaq:RINO) surged more than 5% on nearly triple the average daily volume after reporting on earnings on Monday. Investors also cheered profit results from China TechFaith Wireless, which popped by 4.56% on strong volume. Chindex International (Nasdaq:CHDX) also added more than 4%.

China Digital TV (NYSE:STV) popped almost 3.6% on some positive profit news while VisionChina Media (Nasaq:VISN) also jumped by more than 3%. China Sky One Medical (Nasdaq:CSKI) jumped almost 3% on no news to round out the small-cap winners.

Among the losers, China Information Security Technology (Nasdaq:CPBY) lost almost 2% while China Infrastructure Investment (Nasdaq:CIIC), American Oriental Bioengineering (NYSE:AOB) and American Dairy (NYSE:ADY) all lost more than 2%.

China Housing & Land Development (Nasdaq:CHLN) and China Fire & Secrutiy Group (Nasdaq:CFSG) both slipped by more than 3% while Xinhua Sports & Entertainment (Nasdaq:XSEL) lost nearly 4%. China Bak Battery (Nasdaq:CBAK) dipped 4.5% on weak volume while Vimicro International (Nasdaq:VIMC) lost more than 5% on more than triple the average daily trade, but there was no news to explain the move. China Grentech (Nasdaq:GRRF) lost more than 7% on better than average trade, but again, there was no news to explain the move.



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