10 China Stocks to Watch

NEW YORK ( TheStreet) -- American Dairy ( ADY), China Automotive systems ( CAAS), China-Biotics ( CHBT), Wonder Auto Technology ( WATG), ReneSola ( SOL), Chinacast Education ( CAST), Mindray Medical ( MR), Giant Interactive ( GA), Ctrip.com International ( CTRP), and Synutra International ( SYUT) are ten major China companies scheduled to report results Monday.

American Dairy, a producer and distributor of milk powder, soybean milk powder and related dairy products in China is expected to report earnings of 18 cents per share on revenues of $60.80 million. The company reported earnings of 40 cents per share and revenues of $41.20 million a year ago. On August 6, Roth Capital Partners assigned a buy rating to the stock with price target of $20, implying a 55% upside over current levels.

China Automotive Systems manufactures power steering systems and other component parts for automobiles. The company is expected to report earnings of 27 cents per share, representing a 29% year-over-year growth. Revenues are forecasted to grow by 29% to $80.60 million. On July 30, Maxim Group assigned a buy rating to the stock with price target of $24, implying a 16% upside over current levels.

China-Biotics is engaged in the research, development, production, marketing, and distribution of probiotics products. The company is expected to report earnings of 27 cents per share on revenues of $24.85 million. On August 3, Roth Capital Partners assigned a buy rating to the stock with price target of $20, implying a 37% upside over current levels.

Wonder Auto Technology is a manufacturer of automotive electric parts, suspension products and engine components in China. Earnings are expected to decline 5% year-over-year to 19 cents per share, while revenues are forecasted to grow 34% to $66.3 million. On August 5, Roth Capital Partners assigned a buy rating to the stock with price target of $11, implying a 28% upside over current levels.

ReneSola is a manufacturer of solar wafers and producer of solar power products based in China. The company is expected to report earnings of 33 cents per share as against loss of 3 cents per share reported in the prior year quarter. Revenue is expected to triple to $245.50 million. On August 5, Wells Fargo & Co ( WFC) assigned an outperform rating to the stock.

ChinaCast Education is a post-secondary education and e-Learning services provider in China. Earnings are expected to decline by 10% to 10 cents per share, while revenues are forecasted to increase by 48% to $16.45 million. On August 4, Roth Capital Partners assigned a buy rating to the stock with price target of $12, implying a 70% upside over current levels.

Mindray Medical International is a developer, manufacturer and marketer of medical devices worldwide. The company is expected to report earnings and sales growth of 17% and 16%, respectively. On July 28, Brean Murray Carret & Co assigned a buy rating to the stock with price target of $38, implying a 20% upside over current levels.

Giant Interactive Group is an online game developer and operator in China. The company is expected to report earnings of 12 cents per share, down 20% year-over-year, while revenues are expected to be $48.23 million, down 9.5%. On August 5, Roth Capital Partners assigned a hold rating to the stock with price target of $7.

Ctrip.com International Ltd. is a travel service provider for hotel accommodations, airline tickets and packaged tours in China. The company is expected earnings of 21 cents per share, up 23% year-over-year on revenue growth of 42.3%.

Synutra International is an infant formula company in China. The company is expected to report earnings of 18 cents per share as against a loss of 18 cents per share a year ago. Revenues are expected to soar 68% to $79.65 million. On August 3, Roth Capital Partners assigned a buy rating to the stock with price target of $28, implying a 61% upside over current levels.

Karvy Global Services (www.karvyglobal.com), a subsidiary of the Karvy group (www.karvy.com), provides specialized research in asset classes including stocks, mutual funds and insurance to leading Wall Street firms.

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