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Baidu.com is top China ADR of the day

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China's premium search engine company, Baidu.com (BIDU) continued to climb today, adding $7.08 to close just under $260 for the first time in 2009. Optimism spurred Wall Street sending the price of crude above $63 a barrel, a new high for 2009. Strong oil price helped Petrochina (PTR), the largest oil producer of Asia to gain $3.15. But it was NetEase (NTES), the second largest online game operator in China, that rocked the house with an impressive 8.32% run for the day. The operator of block buster World of War craft, The 9 Ltd (NINE), will pas over the game to rival NetEase. But the underlying problem for NTES remains, namely that it licences titles and has no organic games of its own. Shanda Interactive (SNDA) has been on fire in 2009 as China's largest game operator has the strongest game pipeline, giving huge profit margins for the company. Shanda closed also at a 52 week high and this makes it an all time high for the company. Solar stocks came to play as oil hovered above the critical $60/barrel. Chinese solar companies got hurt in 2008 and 2009 some losing 80% of their market capitalization. But now that the price of oil recovers, bargain hunters have started to snap up some cheap assets. But not all solar plays were good today. Solarfun (SOLF) and China Sunergy (CSUN) ranked on the bottom among Chinese ADRs.
Top 10 - Bottom 10 - China ADR 28-May-09 4:01pm
Name Symbol Price Change Change%
Baidu BIDU $258.20 $7.08 2.82%
PETROCHINA CO ADS PTR $115.14 $3.15 2.81%
Netease.com NTES $34.25 $2.63 8.32%
CHINA PETRO & CHE SNP $82.72 $1.89 2.34%
Shanda Interactiv SNDA $55.00 $1.71 3.21%
TRINA SOLAR LTD A TSL $24.30 $1.68 7.43%
CNOOC LTD ADS CEO $126.47 $1.66 1.33%
CHINA LIFE INS CO LFC $54.08 $1.06 2.00%
CHINA MOBILE LIMI CHL $48.94 $0.97 2.02%
ALUMINUM CP CHIN ACH $23.25 $0.93 4.17%
Linktone Ltd. LTON $1.88 -$0.06 -3.09%
China Automotive CAAS $5.74 -$0.09 -1.54%
WUXI PHARMATECH A WX $8.34 -$0.09 -1.07%
Solarfun Power Ho SOLF $7.13 -$0.13 -1.79%
Fuqi Internationa FUQI $12.20 -$0.14 -1.13%
Cogo Group COGO $5.93 -$0.17 -2.79%
Focus Media Holdi FMCN $8.44 -$0.19 -2.20%
51job JOBS $8.42 -$0.28 -3.22%
China Sunergy Co. CSUN $3.67 -$0.32 -8.02%
E-HOUSE HOLDINGS EJ $13.62 -$0.43 -3.06%


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