4. Wonder Auto Technology ( WATG) is a manufacturer of automotive electric parts, suspension products and engine components in the People's Republic of China. The stock has gained 16.5% during the last month and is currently trading at an attractive PE of 8.9.

Developments: On Sept. 7, the company announced the completion of the acquisition of Jinheng (BVI) Ltd. for HK$1.13 billion (around $145.5 million). The company also expects its 2010 revenue to be $300 million or more, higher than the consensus estimate of $267.5 million. On Sept. 13, Roth Capital Partners reassigned a buy rating to the stock with a price target of $14, implying 54% upside over current levels.

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