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CEA, JOBS oversold

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disappopint April 28, 2014 (Chinavestor) Most US listed Chinese stocks fell hard on Friday along the market weakness. But as always, there were some sweet exceptions. Baidu Inc. (NASDAQ:BIDU) jumped $3.17, the most among major Chinese listings. Yet her advance failed to lift the rest of the sector. Sohu.com Inc. (NASDAQ:SOHU) fell $1.46 followed by Sina Corp. (NASDAQ:SINA). Ctrip.com International (NASDAQ:CTRP) and 51job Inc. (NASDAQ:JOBS) fell even harder and are showing on the oversold indicator as well. Chinese airliners, China Eastern Airlines (NYSE:CEA) and China Southern Airlines (NYSE:ZNH) fell hard, too and are now oversold.

Petrochina Co. Ltd. (NYSE:PTR) and Baidu Inc. (NASDAQ:BIDU) were the only two major Chinese listings in US soil that advanced measurably on Friday. All other Chinese listings traded water or fell along the market.

When it comes to decliners, the list if long. 51job Inc. (NASDAQ:JOBS) fell $6.10 on Friday, by far the most among major Chinese listings. Ctrip.com Intl. (NASDAQ:CTRP) and Sina Corp. (NASDAQ:SINA) fell more than $3, each on Friday as well. Most internet stocks declined as is evidenced by the following chart. NetEase Inc. (NASDAQ:NTES), Sohu.com Inc. (NASDAQ:SOHU), 500.com (NYSE:WBAI) and 58.com (NYSE:WUBA) all fell hard along market lines.

mover_20140425

With little advance on Friday, good names are hard to find on the overbought indicator below. NetEase Inc. (NASDAQ:NTES) is one of them, and Chinese solar stocks bounced back, evidenced by JA Solar (NASDAQ:JASO) and  Jinko Solar (NASDAQ:JKS).

ADR_OB_20140428

China Eastern Airlines (NYSE:CEA) is oversold after Friday's extended decline. China Southern Airlines (NYSE:ZNH) is also in the danger zone. Another Chinese stock is expected to make a move, 51job Inc. (NASDAQ:JOBS). This stock collapsed on Friday and is now close to theoretical low prices. Bottom is nearing for JOBS for sure.

Ctrip.com Intl. (NASDAQ:CTRP) is an interesting play. The stock fell hard lately but has not reached the bottom yet, according to the oversold monitor below.

Sohu.com Inc. (NASDAQ:SOHU) and Sina Corp. (NASDAQ:SINA) are also among the 25 most oversold Chinese stocks today. They are not necessarily considered oversold but are hurting. See chart below for details.

ADR_OS_20140428



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