NEW YORK ( Karvy) -- Here's a list of last week's emerging-markets winners and losers.
China: Winners and Losers
China Shenghuo Pharmaceutical Holdings
was one of the top gainers last week with an increase of 32.1%. Following was
(FFHL - Get Report)
China Shen Zhou Mining & Resources
gaining 24.7% and 20%, respectively.
was up 13.4% during the week. Recently, the company announced that it has signed 14 new customers for its bulk additives probiotics products. As of the end of November, the total bulk customers increased to 51. About 60% of the newly signed customers are located in tier one cities such as Beijing and Tianjin.
(SEED - Get Report)
were up 9.8% and 7.5%, respectively. Also,
China Green Agriculture
Yanzhou Coal Mining
Templeton Asset Management
, a subsidiary of
, increased its shareholding in Yanzhou to 12.05% from the earlier 11.94%. The coal company experienced a more than 100% return in its net profit in the latest quarter mainly due to coal sales volume and coal prices.
Xinhua Sports & Entertainment
topped the losers' list, plummeting 19.6%. For the first half ended Sept. 30, the company announced that it suffered a $300,000 net loss. Also, gross profits were down 44% year over year to $3.9 million while Ebitda slumped 87%.
lost 10.5%. However,
Global Hunter Securities
recently upgraded the stock from neutral to accumulate with a $24 target price based on positive trends in pork prices and significant capex plans adopted by the company. Zhongpin recently revealed that it would build a new production, research and development, test, and training complex in Henan province which would add 100,000 metric tons of capacity for prepared pork products.
JA Solar Holdings
tumbled 10.1% and 9.8%, respectively. Also,
was down 5.7%.
downgraded the outlook for solar sector in November based on industry wide oversupply, and concerns about weaker demand in 2011. In addition, LDK commented that although 2010 has proved to be an excellent year for the solar stocks there is a lot of uncertainty prevailing in the future. Concerns like U.S. complaints of China subsidizing solar and declines in government subsidy support from European nations such as Germany and France are raising fears among solar investors.