10 China Stocks to Watch

NEW YORK (TheStreet) -- American Dairy(ADY), China Automotive systems(CAAS), China-Biotics(CHBT), Wonder Auto Technology(WATG), ReneSola(SOL), Chinacast Education(CAST), Mindray Medical(MR), Giant Interactive(GA), Ctrip.com International(CTRP), and Synutra International(SYUT) are ten major China companies scheduled to report results Monday.

American Dairy, a producer and distributor of milk powder, soybean milk powder and related dairy products in China is expected to report earnings of 18 cents per share on revenues of $60.80 million. The company reported earnings of 40 cents per share and revenues of $41.20 million a year ago. On August 6, Roth Capital Partners assigned a buy rating to the stock with price target of $20, implying a 55% upside over current levels.

China Automotive Systems manufactures power steering systems and other component parts for automobiles. The company is expected to report earnings of 27 cents per share, representing a 29% year-over-year growth. Revenues are forecasted to grow by 29% to $80.60 million. On July 30, Maxim Group assigned a buy rating to the stock with price target of $24, implying a 16% upside over current levels.

China-Biotics is engaged in the research, development, production, marketing, and distribution of probiotics products. The company is expected to report earnings of 27 cents per share on revenues of $24.85 million. On August 3, Roth Capital Partners assigned a buy rating to the stock with price target of $20, implying a 37% upside over current levels.

Wonder Auto Technology is a manufacturer of automotive electric parts, suspension products and engine components in China. Earnings are expected to decline 5% year-over-year to 19 cents per share, while revenues are forecasted to grow 34% to $66.3 million. On August 5, Roth Capital Partners assigned a buy rating to the stock with price target of $11, implying a 28% upside over current levels.

ReneSola is a manufacturer of solar wafers and producer of solar power products based in China. The company is expected to report earnings of 33 cents per share as against loss of 3 cents per share reported in the prior year quarter. Revenue is expected to triple to $245.50 million. On August 5, Wells Fargo & Co(WFC) assigned an outperform rating to the stock.

ChinaCast Education is a post-secondary education and e-Learning services provider in China. Earnings are expected to decline by 10% to 10 cents per share, while revenues are forecasted to increase by 48% to $16.45 million. On August 4, Roth Capital Partners assigned a buy rating to the stock with price target of $12, implying a 70% upside over current levels.