Emerging Market ADRs: Winners and Losers

NEW YORK ( TheStreet) - A few emerging market ADRs outperformed global indices last week.

The Dow Jones Industrial Average rose 2.85%, while the S&P 500 increased 3.2%. Comparatively, the Shanghai Composite Index rose 3.5% and Brazil's Bovespa advanced 3.3%. Meanwhile, India's Nifty rose 2.8%.

China: Winners and Losers

The top gainer Silvercorp Metals ( SVM), which is engaged in the acquisition, exploration, development, and operation of silver mineral properties in China and Canada gained 27.2% past week, riding on the back of a sharp upswing in silver prices, following the Fed's announcement of the quantitative easing.

Nam Tai Electronics ( NTE) soared 24.9% past week after reporting $7.6 million in net profits for the third-quarter, up 68.9% from a year ago.. Sales were $174.7 million, a 58.3% year-on-year increase. Currently, two expansion projects are underway: evelopment of the company's land in Guangming Hi-Tech Industrial Park, Shenzhen, and expansion of the Wuxi facilities.

China Shen Zhou Mining & Resources ( SHZ), which is engaged in exploring, developing, mining, processing, and distributing fluorite ore, zinc, copper, lead, and other nonferrous metals, rose 24.9% on the expectation of upbeat third-quarter results, to be announced on Nov. 10.

Meanwhile, The9 ( NCTY), China BAK Battery ( CBAK), and Xinhua Sports & Entertainment ( XSEL) jumped 22.6%, 17%, and 16% respectively.

CNinsure ( CISG), an insurance intermediary company in China, fell 11.1% after a downgrade from "overweight" to "underweight" at Piper Jaffray.

Among others, CHINA INSOnline ( CHIO), China Shenghuo Pharmaceutical Holdings ( KUN), and Home Inns & Hotels Management ( HMIN) declined 10.6%, 10.4%, and 10.2% respectively.

Ctrip.com International ( CTRP), a China-based online travel agency, plummeted 8.7%. Ctrip presented a weak fourth-quarter sales outlook, eyeing a growth of 30% to 35% from a year earlier, implying $107 million to $112 million, falling below analyst consensus of $116.4 million.

AsiaInfo-Linkage ( ASIA) is a provider of telecommunications software solutions and information technology (IT) security products and services in China. The stock lost 7.8% after the company announced a fourth quarter sales of $123 million, lower than analysts' average estimate of $126.8 million.

India: Winners and Losers

ICICI Bank ( IBN), the largest Indian private bank, jumped 9.5%. Robust second-quarter numbers and higher loan growth provisions sustained the positive momentum.

Sterlite Industries ( SLT) and HDFC Bank ( HDB) jumped 8.5% and 8%, respectively.

Patni Computers ( PTI), an Indian IT services provider, rose 7.1% on stake sale reports. Reports indicate the promoters, backed by General Atlantic, are planning to offload the entire stake, and a U.S. private equity firm Advent International is a potential bidder for the 45.8% interest held by Chairman Narendra Patni and family.

Tata Motors ( TTM), India's largest commercial vehicles maker by sales, advanced 5.9%. The company reported a 21.3% upswing in vehicle sales to 64,757 units during October 2010, compared to 53,404 units during the same month last year. The expectation of upbeat results has sustained buyers' interest in the stock.

Mahanagar Telephone Nigam ( MTE), the state-owned telecom major, lost 5.2%, after posting a $136 million loss for the third quarter, as against a net profit of $4.8 million during the year-ago quarter. For the same period, net sales were up 10.1% to $237 million.

Sify Technologies ( SIFY), an integrated Internet, network, and electronic commerce services company, declined 4.4%. The company reported a second-quarter loss of $3.38 million, higher than $2.62 million reported during the same quarter in the prior year. Revenues slumped to $38.16 million from $38.69 million generated last year.

Cognizant Technology Solutions ( CTSH), an IT services provider, decreased 2.8%. Although the recent quarter results were better than projected, investors expected more from the company's earnings report.

Among others, Rediff.com ( REDF) was the biggest loser, down 8.1%.

Brazil: Winners and Losers

Empresa Brasileira de Aeronautica ( ERJ), the world's fourth-largest aircraft manufacturer, gained 8.2% on analysts' upgrades. Bank of America has upgraded the stock's rating to "buy" from "underperform."

Among others, Banco Bradesco ( BBD), Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) ( SBS), TIM Participacoes ( TSU), and Companhia Paranaense de Energia (COPEL) ( ELP) jumped 8.2%, 8.1%, 7.6%, and 7.2% respectively.

Banco Itau Holding Financeira ( ITUB), Brazil's largest private bank in terms of assets, gained 6.8% on its share buyback program. The lender has approved a share repurchase program worth $1.58 billion, including 9 million common shares and 56.7 million preferred shares.

Petroleo Brasileiro ( PBR) rose 5.9% on positive calls from a brokerage firm. Analysts at Banco Pactual (BTG) reinstated coverage of the stock, maintaining the previous "buy" rating and alleged that the earlier panic share selling was clearly unwarranted.

Emerging as the sole loser, Tele Norte Leets Partricipacoes ( TNE) dipped 1.8%.

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