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 -- Outperformers

NEW YORK ( TheStreet) -- Several emerging market American depositary receipts managed to outshine indices across the world for the week up to Thursday.

Among China ADR gainers, China Architectural Engineering (CAEI) rose 41.9% during the past week after the company revealed it has completed a 60% ownership acquisition of Shanghai ConnGame Network in exchange for 25 million shares of the company's common stock.

Zhongpin (HOGS), a food processing company, rose 11.4%.

HSW International (HSW) gained 10.5%, Guangzhou Global Telecom (GZGT) was up 10% and Qiao Xing Mobile Communication (QXM) increased 7.9% during the week to Thursday.

Meanwhile, eLong (LONG - Get Report) gained 7.8%. Brean Murray Carret initiated coverage on the stock and assigned a hold rating to the stock on Tuesday.

Perfect World (PWRD) increased 6.8%. The company recorded an increase in its second-quarter revenue to $87.6 million from $76.3 million in the same quarter a year ago mainly on its acquisition of a majority stake in American game development company Runic Games. Roth Capital Partners on Tuesday assigned a buy rating to the stock with target price of $30, representing an upside of 13.2% over current levels.

Qiao Xing Universal Resources (XING), the Chinese telephone set maker, rose 6.5% after the company swung to net income of 12 cents a share in the first quarter ended March 31, from a year-earlier loss of 11 cents. Looking ahead, the company expects that its mining business during the second quarter will perform better than in the first quarter. Trina Solar (TSL) increased 5.4% in the week after the company reported second-quarter earnings of 52 cents a share, topping consensus estimates of 49 cents. Revenue for the quarter rose 147.7% to $370.8 million. For the full year, the company raised its PV module shipment guidance to 900 MW and 930 MW from the earlier range of 750 MW and 800 MW. On Wednesday, Credit Suisse reassigned a market outperform rating to the stock with the target price raised to $30 from $22.50. The stock currently trades at $24.75.

BMP Sunstone (BJGP) gained 4.6% during the past week. Focus Media Holding (FMCN) was up 4.2% after the company swung to net income of 17 cents a share from a year-earlier loss. Revenue surged 22% to $158.2 million. On Tuesday, Deutsche Bank reassigned a buy rating to the stock with an increase in its target price to $21.70 representing an upside of 16.8% over current levels.

Among India ADR gainers, WNS Holdings (WNS) was up 5.5% and (REDF) gained 2.1%.
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
LONG $17.72 -0.06%
PWRD $20.17 1.77%
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs