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


NEW YORK ( TheStreet) - A few emerging market ADRs outperformed global indices last week.

The Dow Jones Industrial Average rose 2.85%, while the S&P 500 increased 3.2%. Comparatively, the Shanghai Composite Index rose 3.5% and Brazil's Bovespa advanced 3.3%. Meanwhile, India's Nifty rose 2.8%.

China: Winners and Losers

The top gainer Silvercorp Metals (SVM), which is engaged in the acquisition, exploration, development, and operation of silver mineral properties in China and Canada gained 27.2% past week, riding on the back of a sharp upswing in silver prices, following the Fed's announcement of the quantitative easing.

Nam Tai Electronics (NTE) soared 24.9% past week after reporting $7.6 million in net profits for the third-quarter, up 68.9% from a year ago.. Sales were $174.7 million, a 58.3% year-on-year increase. Currently, two expansion projects are underway: evelopment of the company's land in Guangming Hi-Tech Industrial Park, Shenzhen, and expansion of the Wuxi facilities.

China Shen Zhou Mining & Resources (SHZ), which is engaged in exploring, developing, mining, processing, and distributing fluorite ore, zinc, copper, lead, and other nonferrous metals, rose 24.9% on the expectation of upbeat third-quarter results, to be announced on Nov. 10.

Meanwhile, The9 (NCTY), China BAK Battery (CBAK), and Xinhua Sports & Entertainment (XSEL) jumped 22.6%, 17%, and 16% respectively.

CNinsure (CISG), an insurance intermediary company in China, fell 11.1% after a downgrade from "overweight" to "underweight" at Piper Jaffray.

Among others, CHINA INSOnline (CHIO), China Shenghuo Pharmaceutical Holdings (KUN), and Home Inns & Hotels Management (HMIN) declined 10.6%, 10.4%, and 10.2% respectively. International (CTRP), a China-based online travel agency, plummeted 8.7%. Ctrip presented a weak fourth-quarter sales outlook, eyeing a growth of 30% to 35% from a year earlier, implying $107 million to $112 million, falling below analyst consensus of $116.4 million.

AsiaInfo-Linkage (ASIA) is a provider of telecommunications software solutions and information technology (IT) security products and services in China. The stock lost 7.8% after the company announced a fourth quarter sales of $123 million, lower than analysts' average estimate of $126.8 million.

India: Winners and Losers

ICICI Bank (IBN), the largest Indian private bank, jumped 9.5%. Robust second-quarter numbers and higher loan growth provisions sustained the positive momentum.

Sterlite Industries (SLT) and HDFC Bank (HDB) jumped 8.5% and 8%, respectively.

Patni Computers (PTI), an Indian IT services provider, rose 7.1% on stake sale reports. Reports indicate the promoters, backed by General Atlantic, are planning to offload the entire stake, and a U.S. private equity firm Advent International is a potential bidder for the 45.8% interest held by Chairman Narendra Patni and family.

Tata Motors (TTM), India's largest commercial vehicles maker by sales, advanced 5.9%. The company reported a 21.3% upswing in vehicle sales to 64,757 units during October 2010, compared to 53,404 units during the same month last year. The expectation of upbeat results has sustained buyers' interest in the stock.

1 of 2

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