NEW YORK (TheStreet) -- American Dairy (ADY), China Automotive systems (CAAS), China-Biotics (CHBT), Wonder Auto Technology (WATG), ReneSola (SOL), Chinacast Education (CAST), Mindray Medical (MR), Giant Interactive (GA), Ctrip.com International (CTRP), and Synutra International (SYUT) 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) 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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