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

10 China ADRs Outperform S&P, Shanghai

NEW YORK ( TheStreet) -- 10 China ADRs outperformed the Shanghai Composite Index and S&P 500 Index over the past week. These top 10 performers registered double-digit gains; in comparison Shanghai Composite Index gained 1.4% and S&P 500 Index declined 0.7%.

Among these top 10 China ADRs, China Techfaith Wireless Communication Technology (CNTF - Get Report) soared 17.7% during the past week after the company reported a 62% increase in its second-quarter profit. Revenue increased 32% to $65.5 million as compared to the same period a year ago led by sale of 691,000 mobile products. For the third quarter, the company predicts revenue in the range of $66 million to $68 million.

Another ADR in the telecommunications space that accumulated gains was GuangZhou Global Telecom (GZGT), which was up 17.6%.

Duoyuan Global Water (DGW) gained 15.0% after the company swung to net profit of $11.1 million or 45 cents per share as compared to a net loss of $25.1 million or 24 cents recorded in the year ago quarter. Also, revenue surged 37% to $43.3 million above analyst estimates of $40.9 million. On August 19, Rodman & Renshaw reassigned the rating of market outperform to the stock with target price of $30 reflecting an upside of 24.8%.

China VOIP & Digital Telecom (CVDT) was up 12.5% during the past week.

China Digital TV Holding (STV - Get Report) was up 11.8% during the week after the company recorded a 31.1% increase in revenue to $19.1 million from the same period a year ago. During the quarter, the company shipped 3.61 million smart cards, a record for quarterly shipments in the company's operating history. On Aug. 19, Credit Suisse reassigned the outperform rating to the stock by raising the target price to $9.90 from $9.40. (NTES - Get Report) increased 10.1% after the leading Chinese internet service provider reported a 3.9% rise in profits to $71.55 million in the second quarter mainly led by fast advancement of online games and advertisement services. On Aug. 20, Credit Suisse reassigned its neutral rating on the stock by raising its target price to $36.80 from $34 on August 18.

Airmedia Group (AMCN - Get Report) escalated 10% after the company registered a 53% increase in revenue to $56.3 million. Fushi Copperweld (FSIN) increased 10.7%.

Other China ADRs like Euro Tech Holdings (CLWT) and China Green Agriculture (CGA) increased 12.1% and 10.9%, respectively.

Among the other emerging markets, Brazil's Bovespa Index and India's Nifty Index accumulated 1.4% each during the past week, similar to Shanghai Composite Index.
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AMCN $5.26 0.38%
CNTF $3.52 -10.43%
NTES $139.49 1.30%
STV $1.47 2.80%
AAPL $94.19 -1.04%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs