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: Winners and Losers

NEW YORK ( TheStreet) -- During the past week, global markets remained lower as the fears of the contagion effect from the Irish sovereign debt crisis spreading to Europe heightened, and China's measures to combat spiraling inflation panicked investors. The Dow Jones and the S&P 500 lost 0.8% and 0.6%, respectively. Among emerging markets, Brazilâ¿¿s Bovespa was the major loser, down 3.8%. Indiaâ¿¿s Nifty followed, dropping 3.4%. The Shanghai Composite Index lost 0.6%.

China: Winners and Losers

China Shenghuo Pharmaceutical Holdings (Shenghuo) (KUN) advanced 22% past week, extending its gains for the second consecutive week. The company swung to net income in its third quarter. Synutra International (SYUT - Get Report) accumulated 20.8% during the week. The company holds an impressive cash balance of $52.33 million in the current quarter.

China Digital TV Holding (STV - Get Report) gained 19.4%, after announcing a special dividend of $2 per ordinary share and per ADR. The dividend payout amounts to $117.4 million, equivalent to almost half the cash and short-term investments it had as of Sept. 30. Sinovac Biotech (SVA - Get Report) scaled up 12% last week.

Meanwhile, Canadian Solar (CSIQ - Get Report) jumped 7.2% after the company reported impressive third quarter results. Revenue for the quarter stood at $377.2 million, as compared to $213.1 million in the year-ago quarter. Boosted by demand from photovoltaic solar modules, net income multiplied several times sequentially to $20.3 million, or 47 cents per share, beating analyst estimates.

Spreadtrum Communications (SPRD) increased 8.6% after reporting higher third quarter profit and sales. Net income for the quarter stood at $19.5 million, or 37 cents per share, as compared to $630,000 a year ago. Meanwhile, revenue jumped 151% to $96.2 million as against analysts' estimation of $92.6 million. For the fourth quarter, the company estimates revenue to range between $118 and $125 million, exceeding analysts' forecast of $102.6 million.

WSP Holdings (WH) topped the losers' list, plummeting 20.5% after the company reporting a net loss of $26.84 million from $11.71 million recorded in the year-ago period.

Telestone Technologies (TSTC) and LJ International (JADE) lost 15.4% and 12.2%, respectively. Telestone said it has priced its public offering of 1.68 million shares at $12 per share, and the proceeds would be used to fund a new manufacturing and research and development center and for working capital purposes.
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
SPRD $0.00 0.00%
WH $0.02 0.00%
CSIQ $22.50 0.00%
SYUT $5.17 0.00%
STV $1.68 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs