This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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: SHZ CDCS CYD CLWT NOEC WIT MTE REDF TTM EBR

NEW YORK ( TheStreet) -- A few emerging market ADRs outperformed global indices last week, while some others posted losses. The Dow Jones and the S&P 500 were up 0.6% each, while the Shanghai Composite Index gained 3.3%, and India's Nifty edged up 0.9%. On the other hand, Brazil's Bovespa was down 3.2%.

Warren Buffett sees many opportunities in China, and his Berkshire Hathaway (BRK.A) aims to invest in the Chinese market, reports say. Now on tor last week's winners and losers among emerging market ADRs.

China: Winners and Losers

China Shen Zhou Mining & Resources (SHZ) gained 128.6%, reflecting unusual trading activity. The stock touched 52-week highs this past week and its five-day average volume outstripped its 52-week average volume. The company declined to comment on any such unusual stock movements. Among others, Jinpan International (JST) and Semiconductor Manufacturing International (SMI) gained 20.8% and 14.3%, respectively past week.

CDC Software (CDCS) jumped 11.6%. The company will report third-quarter financial results before the market opens on Oct. 27. Analysts estimate a profit of 22 cents per share, while the company foresees an expanding sales pipeline in the upcoming six months, especially through cross-selling activities.

China Yuchai International (CYD) climbed 10.7%. The stock was among the Forbes top five U.S.-listed Chinese firms showing strong investment potential.

Major losers included Euro Tech Holdings (CLWT) and New Oriental Energy & Chemicals (NOEC), down 23.6% and 17.6%, respectively. Due to a fatal traffic accident, Euro Tech's $3.2 million contract with Guangxi was cancelled and the completion date has been rescheduled for the second quarter of 2011.

Among others, Yucheng Technologies (YTEC), LDK Solar (LDK) and Yingli Green Energy (YGE) shed around 11.7%, 11.4% and 11.2%, respectively.

India: Winners and Losers

Indian ADRs trading on the NYSE and Nasdaq shed $4.82 billion in valuation for the week ended October 22, with IT major Wipro (WIT) and HDFC Bank (HDB) accounting for a majority of the losses. Only four out of the 15 Indian listed entities experienced gains in their market cap past week.

Mahanagar Telephone Nigam (MTE), a leading provider of global business process outsourcing, emerged as the top gainer, up 3.4%, with market-cap growth of $31.5 million at the end of the week. The company is partnering with Rediff.com (REDF) to launch a mobile email service targeting almost 100 million customers in the upcoming few years.

Tata Motors (TTM), the largest gainer by market cap (added $355.44 million), stood second in the gainer's list, up 2.9%. Meanwhile, Jaguar Land Rover (JLR) is seeking to increase its presence in India with logistics and services support from Tata Motors. JLR volumes have been improving from the last fiscal year and, therefore, the company is seeking to open dealerships in new cities in India.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
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!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • 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