NEW YORK (TheStreet) -- A few emerging market ADRs generated handsome returns during the past one week. Among the indices, Shanghai Composite Index dropped 1.9% during the last week as investors remained concerned on China's property market. Meanwhile, Brazil's Bovespa Index declined 3.6% and India's Nifty Index increased 0.2%, in comparison to Dow Jones' 3.3% fall.
Among China ADRs, China Shen Zhou Mining and Resources (SHZ) escalated 22.8% during the past one week. On Tuesday, the company reported robust second-quarter financial results wherein total revenue increased 210% to $2.2 million and net loss narrowed to $500,000 from $1.7 million. Telestone Technologies (TSTC) was up 9.1% after the company recently won its first U.S. local access network contract. The company's second-quarter revenue soared 37% to $16.6 million.
Meanwhile, Sinovac Biotech (SVA) was up 5.9% during the past week. The company is due to report its second-quarter financial results before the market opens on Aug. 16. LDK Solar (LDK) gained 5.1% after the company beat analyst expectation in its second-quarter results on the back of robust demand. The company's total revenue came in at $565.3 million and earnings per share of 36 cents as against the estimated $533.4 million revenue and 27 cents per share.
Spreadtrum Communications (SPRD) was up 3.6% during the week after the company posted a second-quarter profit as against a loss in the year-ago quarter, surpassing forecasts. Net income stood at $11.1 million or 21 cents per share as against a loss of $13.1 million, or 29 cents per share, a year earlier. Total revenues for the company soared to $71.4 million from $16.2 million.Longtop Financial Technologies (LFT) increased 3.1% after the company was ranked first in China's Banking IT solution market for 2009 by IDC as its market share increased to 8.2% from 5.7% in the earlier year. Also, the company was rated second for Insurance IT solutions. Meanwhile, 51job (JOBS) escalated 2.6% after the company's second-quarter net profit increased 161% to $8 million and operating revenue was up 35.7% to $38.7 million from the same quarter a year ago. Other Chinese ADRs Qiao Xing Mobile Communications (QXM), eLong (LONG) and Ninetowns Internet Technology Group (NINE) increased 4.2%, 3.6% and 3.3%, respectively, during the past one week. Among India ADRs, Tata Communications (TCL) was up 12.9% after news that NTT DoCoMo (DCM) may invest $1 billion in the company in order to raise its stake to almost 40% from 26%. Tata Motors (TTM) gained 12.6% on the company's robust earnings. The company recently announced that it is seeking to play a role in the designing of new Jaguar Land Rover engines posing as a longer term threat to Ford Motor (F), which has the contract to supply JLR engines.
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