Friday's Asia ADR Recap

VisionChina Media (VISN Quote - Cramer on VISN - Stock Picks), one of China's largest out-of-home TV advertising operators, announced blowout first-quarter revenue results and topped revenue estimates for the second quarter. VisionChina said first-quarter net revenue hit $13.6 million, an increase of 304.5% from a year ago, and first-quarter net income came in at $5.4 million, vs. a loss of $0.36 million from a year earlier.

Advertising services revenue in the first quarter soared 326% to $13.2 million from a year ago, and the company signed up more than 380 advertisers for its networks. The company forecasted total revenues for the second-quarter to come in between the range of $19.2 million to $20.2 million, vs. Wall Street estimates of $18.95 million. Shares of VisionChina soared 6.4% higher to $15.63 on four times average daily volume.

Some of the big winners among Chinese stocks that trade on the U.S. exchanges Friday were Actions Semiconductor (ACTS Quote - Cramer on ACTS - Stock Picks), which jumped 11% to $3.90; Origin Agritech (SEED Quote - Cramer on SEED - Stock Picks), which added 10% to $6.48; China GrenTech (GRRF Quote - Cramer on GRRF - Stock Picks), which traded up 7.7% to $4.89; and SINA Corporation (SINA Quote - Cramer on SINA - Stock Picks), which rose 7.5% to $47.05.

Be sure to check out the Far East Portfolio at Stockpickr.com every night to find out which stocks in India and China are making big moves and announcing major news.

For more on Asia, check out Daniel Harrison's coverage at TheStreet.com.

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