This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Emerging Market ADRs Surge on Earnings

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 - Get Report) 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.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SHZ $0.10 0.00%
SPRD $0.00 0.00%
TSTC $0.00 0.00%
SVA $5.58 0.00%
AAPL $113.29 0.00%


Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs