Top Emerging Market ADRs

NEW YORK (TheStreet) -- As part of our ongoing series on top performing ADRs across emerging markets, listed below are ADRs which have outperformed both S&P 500 and Dow Jones during the past week.

Home Inns & Hotels Management ( HMIN) operates a chain of budget hotels in the People's Republic of China (PRC). On May 11, the company reported revenues of $100 million, representing a year over year growth of 28%. Moreover, cash flow from operating activities increased 47% to $11.7 million.

Going forward, the company expects second quarter revenues of $115.7-$118.7 million, and full year revenue growth of 20-24%.

Subsequently, the stock gained 23.4% during the past week closing at $38 on Thursday. BNP Paribas rated the stock a buy with price target of $50.

China Infrastructure Investment Corp ( NOEC) focuses on investing, constructing, operating and managing infrastructure development projects in China.

The stock gained 23.2% during the past one week closing at $1.54 on Thursday. There was no fundamental reason behind this increase. However, average 5-day trading volumes are up 4% to 143,766 shares compared to the 52-week average of 138,502 shares.

Ctrip.com International ( CTRP) is a consolidator of hotel accommodations and airline tickets in China.

On May 11, the company reported first quarter 2010 revenues of $86 million, up 46% year over year. The consensus estimate was of $81.6 million. For the second quarter, the company expects revenue growth of 30-35%.

The stock gained 19.3% in trade on Thursday closing at $40.57. Recently, BNP Paribas rated the stock a buy with price target of $45.50.

Advanced Battery Technologies ( ABAT) develops, manufactures and distributes rechargeable polymer lithium-ion batteries used in mine-use lamps, electric automobiles, motorcycles and other personal electronic devices.

On May 11, the company reported first quarter revenues of $19.5 million, representing a year over year growth of 82.9%. Net income increased 85.1% to $7.5 million.

Going forward, the company expects 2010 revenue of $100 to $110 million and net income of $32-$36 million.

Subsequently, the stock gained 16.5% in the past one week closing at $3.60 on Thursday. Recently, Rodman & Renshaw rated the stock a market outperformer with a price target of $6.

Other top performers include, Fushi Copperweld ( FSIN), Sorl Auto Parts ( SORL), Baidu ( BIDU), TIM Participacoes SA ( TSU), and Vivo Participacoes SA ( VIV) gaining 12.9%, 12.2%, 10.6%, 17.6, and 14.6%, respectively.

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