NEW YORK ( TheStreet) -- As part of our ongoing series on top performing ADRs across emerging markets, listed below are ADRs which have outperformed both S&P 500 and Dow Jones during the past week.
Home Inns & Hotels Management (HMIN) operates a chain of budget hotels in the People's Republic of China (PRC). On May 11, the company reported revenues of $100 million, representing a year over year growth of 28%. Moreover, cash flow from operating activities increased 47% to $11.7 million.
Going forward, the company expects second quarter revenues of $115.7-$118.7 million, and full year revenue growth of 20-24%.
Subsequently, the stock gained 23.4% during the past week closing at $38 on Thursday. BNP Paribas rated the stock a buy with price target of $50.China Infrastructure Investment Corp (NOEC) focuses on investing, constructing, operating and managing infrastructure development projects in China. The stock gained 23.2% during the past one week closing at $1.54 on Thursday. There was no fundamental reason behind this increase. However, average 5-day trading volumes are up 4% to 143,766 shares compared to the 52-week average of 138,502 shares. Ctrip.com International (CTRP) is a consolidator of hotel accommodations and airline tickets in China. On May 11, the company reported first quarter 2010 revenues of $86 million, up 46% year over year. The consensus estimate was of $81.6 million. For the second quarter, the company expects revenue growth of 30-35%. The stock gained 19.3% in trade on Thursday closing at $40.57. Recently, BNP Paribas rated the stock a buy with price target of $45.50. Advanced Battery Technologies (ABAT) develops, manufactures and distributes rechargeable polymer lithium-ion batteries used in mine-use lamps, electric automobiles, motorcycles and other personal electronic devices. On May 11, the company reported first quarter revenues of $19.5 million, representing a year over year growth of 82.9%. Net income increased 85.1% to $7.5 million.
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