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10 China Stocks to Watch

NEW YORK ( TheStreet) -- American Dairy (ADY), China Automotive systems (CAAS - Get Report), China-Biotics (CHBT), Wonder Auto Technology (WATG), ReneSola (SOL - Get Report), Chinacast Education (CAST), Mindray Medical (MR - Get Report), Giant Interactive (GA), Ctrip.com International (CTRP - Get Report), and Synutra International (SYUT - Get Report) 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 - Get Report) 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.
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SYM TRADE IT LAST %CHG
CAAS $6.27 -4.40%
CTRP $66.69 -4.00%
MR $24.10 -2.10%
SOL $1.25 -0.79%
SYUT $4.98 -0.80%

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