3 China Stocks That Beat Estimates
China Wind Systems manufactures and sells high-precision forged rolled rings for the wind power and other industries. The company also manufactures and sells textile dyeing and finishing machines in China. The company reported second-quarter earnings of 12 cents per share, beating analysts' estimates of 10 cents per share. Revenues surged 40% year-over-year to $19 million.
Looking forward to fiscal year 2010, the company reaffirmed its revenue guidance in the range of $76.5 to $85 million, while earnings are expected to range between $15.5 million and $16.3 million.
Moreover, the company is in advanced stages of discussions with several wind power component clients to supply shafts and forged products in the second half of 2010. The company believes that the Chinese government's commitment to invest $737.5 billion in new energy would benefit the wind energy sector in China.Puda Coal is a supplier of high-grade metallurgical coking coal to the industrial sector in China. The company reported second-quarter earnings of 36 cents per share, topping analysts' estimates of 24 cents per share. Revenues soared 72% year-over-year to $82.3 million driven by higher sales volume coupled with higher average selling price. During the quarter, gross margins almost doubled to 14.7% from 7.5% a year earlier. Also, the company acquired 100% assets and mining rights of the Da Wa Coal and Guanyao Coal mines in Pinglu County for $42.0 million. China Biologic Products is a biopharmaceutical company engaged in the research, development and manufacturing of plasma-based pharmaceutical products in China. The company reported second-quarter earnings of 49 cents per share, topping analysts' estimates of 36 cents per share. Revenues increased 23% year-over-year to $40.9 million. Furthermore, the company reaffirmed its 2010 revenue guidance range of $142 million to $149 million, and adjusted net income range of $34 million to $36 million. Apart from these three companies, eLong (LONG), Perfect World (PWRD), and RINO International (RINO) are expected to report results after market close Monday. eLong is expected to report earnings of 4 cents per share, Perfect World is expected to report earnings of 69 cents per share, and RINO International's earnings are estimated to be 42 cents per share. On Aug. 13, BNP Paribas reiterated a buy rating on Perfect World with price target of $40, while Rodman & Renshaw reiterated a market outperform rating on RINO with price target of $40.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV