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) -- Global exchanges declined last week on a wave of risk aversion, sparked off by the political unrest in Egypt. Last week, all the emerging markets, except China, faced value erosion. In fact, the U.S. markets slumped the most. India's Nifty and Brazil's Bovespa shed 4.1% each last week, whereas the Shanghai Composite Index gained 3.1%. Meanwhile, the Dow Jones and the S&P 500 edged 0.4% and 0.5% lower, respectively.

China: Winners and Losers (SOHU - Get Report) topped the advancers' list, up 11%, ahead of its estimated positive fourth quarter results. As per the consensus estimates of Wall Street analysts, profit per share is seen at 99 cents on a revenue of $167.6 million. During the year-ago quarter, Sohu reported a profit of 76 cents per share. Agria (GRO) rose 10.9% past week, after sending its partial takeover offer to PGG Wrightson's (PGW) shareholders, in compliance with the Takeovers Code. Agria intends to acquire 38.3% of PGW's shares.

Spreadtrum Communications (SPRD) gained 9.7% last week after the company along with Taiwan Semiconductor Manufacturing (TSM) achieved the first commercialized 40nm Time Division-Synchronous Code Division Multiple Access (TD-SCDMA) baseband processor milestone. Meanwhile, China BAK Battery (CBAK - Get Report) advanced 8.6%, following strong quarterly financial results. Revenue for the first quarter ending Dec. 31, 2010 surged 26.5% year-over-year, while net loss narrowed to $3.7 million, compared to $8.6 million in the earlier quarter.

Silvercorp Metals (SVM) and The9 (NCTY) were up 6.6% and 6.5%, respectively. China Biotics (CHBT) rose 5.4%. The company recently announced its preliminary, unaudited revenue for fiscal year 2011 third quarter ended Dec. 31, 2010. China Biotics estimates revenue to come in the range of $32 to $33 million, compared to $23 million recorded during the same period a year ago.

China Petroleum & Chemical (Sinopec) (SNP) climbed 2.9% last week. The company said its lube oil sales stood at 1.6 million metric tons, amounting to one-third of the top- and medium-grade lube oil market in China. Meanwhile, Sinopec's 2010 net profit is seen touching $15.14 billion in 2010, a top company official said.

Xinhua Sports & Entertainment (XSELD) headed the losers' list, plunging 93.3%. GigaMedia (GIGM) lost 20% after it missed analysts' quarterly estimates. Moreover, quarterly revenue was down 79% on a year-over-year basis.
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
SPRD $0.00 0.00%
SVM $0.70 2.90%
CBAK $2.53 0.00%
GRO $0.94 0.00%
NCTY $2.31 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs