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 ( Karvy Global) -- Last week, Brazil's Bovespa gained 1.3%, while India's Nifty and China's Shanghai Composite Index fell 1.8% and 2.6%, respectively. Meanwhile, the Dow Jones and S&P 500 rose 1% and 1.7%, respectively.

China: Winners and Losers

China Shenghuo Pharmaceutical (KUN) topped the gainers' list last week, rising 62%.

Fuwei Films (FFHL - Get Report) and New Dragon Asia (NWD) followed, adding 34% and 23.5%, respectively.

SINA (SINA) gained 16.1% on speculation that Baidu (BIDU) and may invest $100 million in its microblogging Web site Weibo.

Meanwhile, LDK Solar (LDK) jumped 16% after the company raised its fourth-quarter guidance, pegging sales between $870 and $910 million, almost 21% higher than the top end of its earlier estimate. In addition, LDK raised its shipments guidance for wafers and modules and its in-house polysilicon and cell production.

eFuture Information Technology (EFUT - Get Report) and China GrenTech (GRRF) notched up gains of 14.6% and 13.3%, respectively. Sinovac Biotech (SVA) and AgFeed (FEED) added 11.4% and 11.1%, respectively.

A-Power Energy Generation Systems (APWR) increased 10.5%, after securing a few construction projects in China. The company recently signed a $43 million engineering, procurement, and construction (EPC) contract with China Resources Land (Shenyang) to develop the Oak Bay real estate project. The company has also signed a $13.6 million construction project with Yingkou Tesco Real Estate for a shopping mall project in North China.

China Architectural Engineering (CAEID) was the major loser, plunging 75% during the past week. Telestone Technologies (TSTC) was down 20.2%, weighed down by the legal allegations it has been facing during the past couple of weeks. SORL Auto Parts (SORL) lost 9.6% after Zacks Investment Research downgraded the stock's rating to neutral from outperform.

China Shen Zhou Mining & Resources (SHZ) and Home Inns & Hotels Management (HMIN) plummeted 9.3% and 7.2%, respectively. However, China Shen acquired 55% of Xinyi Fluorite for $9.85 million last week, aiming to expand its fluorite resources for producing value-added fluorite chemicals. Home Inns announced plans to launch 260 to 280 new hotels in 2011 and is seeking to move into China's midscale hotel segment with three to four hotels under the Yitel brand.

India: Winners and Losers

Technology stock (REDF) topped the advancers' list, gaining 45.8% last week. Sify Technologies (SIFY) followed, accumulating 24.7%. The company is scheduled to report its third-quarter financial results on Friday before the market opens.
1 of 3

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
LDK $0.00 0.00%
EFUT $5.86 0.00%
FFHL $0.57 0.00%
ERJ $28.43 0.00%
TSU $7.65 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs