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: Winners and Losers

Stocks in this article: FUQI CDII CHIND

NEW YORK ( TheStreet) -- Here are last week's winners and losers among emerging market American depositary receipts.


China's top ADRs were Fuqi International (FUQI), and China Direct Industries (CDII), strengthening 47.3% and 26.8%, respectively.

Fuqi International, a designer of precious metal jewelry in China, opened its newly expanded showroom in Shenzhen, amid a probe from the Securities and Exchange Commission launched earlier this month. The company is trying to signal to investors that its wholesale and retail businesses continue to operate successfully.

China Direct Industries, a manager and consultant of Chinese businesses, announced its subsidiary CDI Beijing International Trading has received a contract from Beijing Tianrun Construction for a range of steel bars. The contract is likely to generate $70 million over 12 months.

CDC Corp. (CHIND) and Duoyuan Global Water (DGW), were the major losers shedding 66.7% and 40.4%, respectively. Nonetheless, CDC recently signed a memorandum of understanding with the government of Foshan, the third-largest city in China with the highest rate of growth domestic product in the country, for a 600 million yuan private-equity fund.


Among Indian ADRs, (REDF) emerged the top gainer, up 15.2%. Recently, Microsoft (MSFT) in India partnered with Rediff and other popular Web sites to promote its newly launched Internet Explorer 9. HDFC Bank (HDB), up 7.6%, was the second-highest grosser as India's Nifty index rose to record highs past week, with finance companies heading the sector list.

Mahanagar Telephone (MTE) was the top loser posting a 4.5% decline, followed by Tata Communications (TCL), down 1.8%. Meanwhile, iGateE (IGTE) dipped 1.7% after investors booked profits. The stock rallied for almost two weeks touching a 52-week high last Monday.


Among the Brazilian ADRs, Ultrapar Participacoes (UGP) was the major gainer advancing 4.8%, followed by Banco Itau Holding Financeira (ITUB) at 4.6%. Last week, Banco Itau raised a total of $1 billion from an overseas bond issue with maturity date of January 2021 and coupon rate of 5.75%. The proceeds would be directed towards general purposes in order to generate new businesses. Gafisa (GFA) also clocked gains at 4.5%.

Major losers for the week included Petrobras Energia Participaciones (PZE) and Gerdau (GGB), declining 3.8% and 1.7%, respectively. Meanwhile, Gerdau, the world's second-largest maker of long steel, is seeking to buy Tamco, a small steelmaker in California, for almost $165 million. The company is also likely to sell global bonds in order to repay its outstanding debt. Fitch assigned a BBB- rating to the offering which is to be routed through the company's subsidiary Gerdau Trade.

Karvy Global Services (, a subsidiary of the Karvy group (, provides specialized research in asset classes including stocks, mutual funds and insurance to leading Wall Street firms.

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