Tuesday's Asia ADR Recap

Roth Capital Partners initiated coverage on Xinyuan Real Estate(XIN Quote), a fast-growing residential real estate developer with a focus on strategically selected Tier II cities in China, with a buy rating and a $9.50 price target. The firm said the tight real estate market in China favors Xinyuan because it's a publicly traded developer with access to capital to buy cheap land and build up its property portfolios through acquisitions. Shares of Xinyuan traded down 1.9% to $5.95.

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.