ADR market

China Stock Earnings Calendar March 22-26

Saturday, 20 March 2010 05:34 Ben Zhou

March 20, 2010 (Chinavestor) The following Chinese companies are scheduled to report financial results for the fourth quarter ended December 31, 2010 during the week starting March 22.

Selected companies:

China Telecom (NYSE:CHA) will report on the heels of China Mobile (NYSE:CHL), the largest Chinese mobile carrier. China Mobile FY 2009 best expectations. China Unicom (NYSE:CHU), the second largest mobile carrier, reported operational statistics for February as follows: China Unicom iPhone sales slow in February.
China's oil triumvirate will start reporting this week. Petrochina (NYSE:PTR) between March 22-24 followed by CNOOC Ltd (NYSE:CEO) later this week. Sinopec (NYSE:SNP) is scheduled March 29, the following Monday.
Earnings release date is uncertain for Fuqi International (NASDAQ:FUQI). The Company filed for an extension with the SEC after the Co. had to restate earnings for the last three quarters recently. The Street punished the company with a huge sell-off; shares of the company fell -46% for the week. Don't panic FUQI investor.
China Automotive System (NASDAQ:CAAS) is scheduled to report on March 25 before the open. Shares of the company hit all time high over $26 a share earlier in January.

China stocks at lunch, March 19, 2010

Friday, 19 March 2010 10:48 Blaze Fabry

March 19, 2010 (Chinavestor) Shares of City Telecom (NASDAQ:CTEL) surged +19.1% in the morning, a performance not matched by any China ADR today. China Integrated Energy (NASDAQ:CBEH) comes the closest with a +4.1% advance. Shares of Acorn International (NYSE:ATV) bounced back up +3.4% after three days of losses. China Southern Airline (NYSE:ZNH) continued to surge.

Stocks with the steepest fall today include Tongxin International (NASDAQ:TXIC). Weakness is not limited to the stock; shares of China Automotive Systems (NASDAQ:CAAS) fell -2.24% the same time. Troubles for FUQI International (NASDAQ:FUQI) continue to mount as more and more law firms investigate any wrongdoings. Shares of Origin Agritech (NASDAQ:SEED) fell just as much as that of Fushi Copperweld (NASDAQ:FSIN). China Finance Online (NASDAQ:JRJC) continued to surrender gains recorded after a strong 2009 Q4 results.

Details: The sudden jump of City Telecom (NASDAQ:CTEL) may come to surprise many but technical indicators have foretold that a rally was imminent. Oversold CTEL rocks the house.

Shares of China Integrated Energy (NASDAQ:CBEH) has taken a rocky road but a road that heads north, following better-than-expected financial disclosures. The good news is that a team from Chinavestor, including myself, will meet Mr. Albert Pu, CFO of the company this very afternoon in Westport, CT to discuss latest trends. Follow up on Chinavestor for additional coverage.

Shares of Acorn International (NYSE:ATV) advanced +3.4% as investors came to think about the fall following 2009 Q4 numbers. Our analysis reveals that current downtrend is justified and investors should think twice about investing into ATV at the moment. Five reasons to shun ATV after 2009 Q4.

China Southern Airlines (NYSE:ZNH) has been erratic at best lately as investors are trying to assess effect of the latest cash infusion, plane delivery and additional routes before the summer holiday season. Shares of China Eastern Airlines (NYSE:CEA) have been just as strong as that of smaller China Southern Airlines (NYSE:ZNH) or Air China (HKG:0753). The sector pulled the Hang Seng Index this morning, as reported China stocks continue to recover in Asia.

Shares of Tongxin International (NASDAQ:TXIC) fell the most by noon among U.S. listed China stocks. This commercial vehicle parts maker is under pressure along the rest of the industry for two reasons. For one, credit tightening combined with China's exit from the stimulus is expected to soften demand for autos. And for two, Brilliance Auto (HKG:1114) issued profit warning today, pressuring the sector.

Shares of Fuqi International (NASDAQ:FUQI) continue to deteriorate after the company issued a warning that it has to restate earnings for three previous quarters. Law firms jumped on allegations of intentional wrongdoings and as such the stock price tanked. FUQI lost -44% of its market cap in the matter of days - though the restatement of earnings itself would be much much less severe. Don't panic FUQI Investor!

Shares of Fushi Copperweld (NASDAQ:FSIN) gave up all previous gains and accelerates south as investors digest latest financial results of the company. Fushi Copper reports record profit, strong sales - but guides lower.

Shares of China Finance Online (NASDAQ:JRJC) fell -5.3% by noon today - albeit low volume. All of previous earnings related gains of +17% have evaporated by now sending shares of the company back to square one. KongZhong up 17%. Will it last? - we wrote questioning the rational behind the strong rally. Time has proven us right.

China stock market summary March 18, 2010

Thursday, 18 March 2010 15:38 Blaze Fabry

March 18, 2010 (Chinavestor) The DJIA ended up for the eight days in a row, setting a positive tone for China stock investors. Yet large cap China stocks underperformed and ended the day in the red. Small cap China stocks were mixed, measured by the Claymore/AlphaShares China Small Cap ETF (NYSE:HAO), ending the day higher.

Shares of China Biotics (NASDAQ:CHBT) advanced +13% with heavy underlying volume. City Telecom (NASDAQ:CTEL) was an oversold China play that was ready to turn around. Today's rally of +6.4% is a third straight up day in a row suggesting the company bottomed out earlier at $11 a share. Chinese airliners advanced on falling oil- as was expected after a strong showing in Asia this morning. Shares of American Dairy (NYSE:ADY) bottomed out at $20 and is not oversold anymore. More upside is on the road ahead...

Solar stocks underperformed today as price of oil subsided. Trina Solar placed 7,900,000 ADRs diluting the value for her shareholder base. AirMedia Group (NASDAQ:AMCN) fell -6.7% today making it the six day in a row. The stock isn't oversold yet, more downside is possible. Most of the gains following strong financial results evaporated for Global Sources (NASDAQ:GSOL) in two days. Shares of the company fell -4.0% making investors wonder where the stock is going to go from here. Shares of China Infrastructure Development (NASDAQ:CIIC) shed -3.9% by the end of the day. Low volume suggests more downside is possible for this small cap China stock.

China stock market at noon, March 18, 2010

Thursday, 18 March 2010 11:03 Blaze Fabry

March 18, 2010 (Chinavestor) Oil, earnings have been moving China stocks today. Price of the crude fell -1.23% to $81.96 a barrel, hurting oil and solar stocks the most. Trina Solar (NYSE:TSL) lost -8.5% today while Suntech Power (NYSE:STP) is trading -2.9% lower at noon. Falling oil prices spurred investors interest to airliners. Earnings have been another important factor as smaller cap Chinese stocks continue to report financials. Shares of KongZhong Corp. (NASDAQ:KONG) gave back -4.8% so far today after a +20% rally a day before. Shares of Harbin Electric (NASDAQ:HRBN) are trading -5.2% lower as energy prices subside. The company reported earnings two days earlier. Stocks on the positive include China Sky One Medical (NASDAQ:CSKI), a stock that's up +5.4% after a 15% dive a day before. Shares of Focus Media Holdings (NASDAQ:FGMCN) are trading +3.4% higher while Semiconductor Manufacturing (NYSE:SMI) is up +5.9% by noon.

Shares of China Eastern Airlines (NYSE:CEA) are trading +6.1% higher while China Southern Airlines (NYSE:ZNH) is up +5.2%. The rally was foretold - both airliners advanced strongly in Hong Kong - see best five components of the Hang Seng Index below. Shares of Air China (HKG:0753) advanced +2.0%, making it the best stock among the Xinhua 25 Index components.

Shares of China Sky One Medical (NASDAQ:CSKI) bounced back off after an over twenty percent drop yesterday. The sell-off was overdone in our opinion - most if the disappointment was a result of overly optimistic expectations. CSKI falls on earnings. But wait a minute!

Shares of Focus Media Holdings (NASDAQ:FMCN) experienced a highly volatile two days trading session after fourth quarter numbers. The excitement is understandable, Focus Media rattles nerves with Q4 numbers.

Stocks on the negative include solar plays such as Trina Solar (NYSE:TSL). There is no company specific news out there to justify the weakness but when oil falls, so is demand for solar. Conventional wisdom holds that solar makers make money when price of oil is above $60/barrel. If that's the case current sell-off of TSL looks irrational. To gauge how does TSL measure up to the rest of the sector, including industry leader Suntech Power (NYSE:STP), read Complete 2009 Q4 China solar stocks guide.

Shares of HQ Sustainable Maritime (AMEX:HQS) continue to show weakness. Shares of the company are considered oversold - but when a small cap AMEX stock gives way, no one knows where the bottom is. Read Oversold China stocks ready to bounce back.

Shares of KongZhong Corp. (NASDAQ:KONG) made a complete reversal from yesterday. The stock was the best performing China ADR on Wednesday but failed to hold on to gains and is now among the worst five China stocks of the day. Shares of the company are trading -4.8% lower at noon. We were of a view that the 20% surge was too optimistic - read KongZhong up 17%. Will it last?

And finally, a stock that's not as volatile but is certainly a great value stock, China Mobile (NYSE:CHL). The company reported 2009 full year number today passing by analysts estimates. We have liked this company for a long time and our assessment proved to be true. China Mobile is on the Conservative and Growth portfolios, a stock pick that was a great choice for March. Read: China Mobile 2009 beats expectations.

China stock market summary March 17, 2010

Wednesday, 17 March 2010 15:10 Blaze Fabry

March 17, 2010 (Chinavestor) Small cap U.S. listed Chinese stocks softened up by the end of the day as earnings fell short of expectations. Fuqi International (NASDAQ:FUQI) fell -37.2% following investigations into the earnings of the company. Worse than expected earnings hurt China Sky One Media (NASDAQ:CSKI), HQ Sustainable Maritime (AMEX:HQS), and Global Sources Inc. (NASDAQ:GSOL) the most on Wednesday. Volatile Rino International (NASDAQ:RINO) took a breather and fell -6.1% for the day. Focus Media Holdings (NASDAQ:FMCN) won the title of "the biggest reversal story" of the day. After an over eight percent jump at the open shares of the company eroded steadily to end the day in the red.

Stocks with the best performance today include KongZhong Corp. (NASDAQ:KONG), a stock that advanced +20.8% on strong earnings. China Digital TV Holding (NYSE:STV) rose +5.3% followed by Suntech Power (NYSE:STP) with a +5.2% advance. Shares China of Grentech Corp. (NASDAQ:GRRF) advanced +4.15% as earnings announcement nears.

KongZhong Corp. (NASDAQ:KONG) was the best China stock of the day, measured by percent change. With a +20.8% advance in one day, investors were spinning their heads. But we're of a view that future stock price remains uncertain and today's bulls might disappear should market sentiment sour. KongZhong up 17%. Will it last?

Rally of China Digital TV Holdings (NYSE:STV) have been caught by the overbought monitor several times. We will have to run the overbought monitor this time to see if shares of the company became overbought.

Suntech Power (NYSE:STP) is propelled by strong fundamentals. The company reported one of the best quarterly report among its peers with revenue and earnings growth accelerating in 2009. Expect additional gains down the road. Complete 2009 Q4 China solar stock guide.

Shares of China GrenTech Corporation (NASDAQ:GRRF) advanced +4.2% with low volume. Given that the company is going to report four quarter earnings later in March, current strength is just a run up before actual numbers. Investor, exercise caution!

Shares of China Fire & Security Group (NASDAQ:CFSG) advanced +2.52% today bouncing back off from the big drop the day before. We're of a view that current numbers are not as horrible as it might have looked for the first sight. Risk increases for CFSG as earnings disappoint but outlook sweetens.

Another earnings related reversal took place with Focus Media Holdings (NASDAQ:FMCN) today. Shares of the company jumped 8.7% at the open just to see all of the gains evaporate by the end of the day. Shares of the company ended the day -2.21% lower... Focus Media rattles nerves with Q4 numbers.

The biggest decliner of the day by far was Fuqi International (NASDAQ:FUQI). The company announced that it will restate the last three quarter and delay the announcement o f the current quarter. Investigations have started to find any wrongdoings on top of the bad news... But a -37.2% drop if way excessive in our opinion and it just may be a unique opportunity to pick up FUQI shares in the cheap. Don't panic FUQI investor!

Disappointing earnings hurt China Sky One Media (NASDAQ:CSKI)and HQ Sustainable Maritime (AMEX:HQS). Today's weakness of Global Sources (NASDAQ:GSOL) is a technical correction following two days of strong advanced following record earnings. Global Sources 2009 Q4 rocks!

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