Monday's Asia ADR Recap

Oppenheimer & Company analyst Jason Helfstein upgraded VisionChina Media(VISN Quote) from perform to outperform and reiterated his $25 price target, citing a positive conversation with ad agency executives and a favorable risk/reward for the stock after the recent selloff. Shares of VisionChina jumped 10% to $17.44.

Piper Jaffray lowered its price target for Spreadtrum Communications(SPRD Quote), a Chinese fables semiconductor company, from $16 to $11 and lowered its EPS estimates from 50 cents to 38 cents for 2008 and from $1.01 to 73 cents for 2009. The firm kept its buy rating on the stock and said inflation concerns in China spurred by the recent energy price hikes could make near-term sell-through trends challenging, and they see much lower September quarter seasonal growth. Shares of Spreadtrum fell 10% to $4.75.

Among the Chinese ADRs and China-based stocks that lead the movers to the upside on Monday were Uranium Participation(U Quote), which jumped 5.8% to $9.05; The9 Limited(NCTY Quote), which advanced 5.3% to $23.26; LDK Solar(LDK Quote), which added 4.8% to $39.31; and CNOOC(CEO Quote), which moved up 4.7% to $166.33.

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.