This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Emerging Market ADRs Surge on Earnings

Stocks in this article: SHZ TSTC SVA SPRD LFT

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.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs