China Analyst Weekly (8/18/2008)
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In China Analyst Weekly, we provide a weekly review of U.S.-listed Chinese stocks. Contents include Weekly Performance Ranking, Upgrades/Downgrades, and Recommended Articles.
Top 10 gainers (click here for full ranking):
| Rank | Company (Stock Symbol) | Weekly Change | 8/15/2008 | 8/8/2008 |
| 1 | Tiens Biotech Group (USA), Inc. (AMEX:TBV) | 70.2% | 1.60 | 0.94 |
| 2 | Synutra International, Inc. (NASDAQ:SYUT) | 32.0% | 49.71 | 37.67 |
| 3 | ReneSola Ltd. (ADR) (NYSE:SOL) | 30.4% | 18.13 | 13.90 |
| 4 | LDK Solar Co., Ltd. (NYSE:LDK) | 27.8% | 42.80 | 33.49 |
| 5 | Fuwei Films (Holdings) Co., Ltd (NASDAQ:FFHL) | 24.5% | 2.37 | 1.90 |
| 6 | Solarfun Power Holdings Co., Ltd. (ADR) (NASDAQ:SOLF) | 24.4% | 15.17 | 12.19 |
| 7 | Qiao Xing Universal Telephone, Inc. (NASDAQ:XING) | 24.1% | 5.04 | 4.06 |
| 8 | Fuqi International, Inc. (NASDAQ:FUQI) | 23.7% | 10.69 | 8.64 |
| 9 | Orsus Xelent Technologies Inc. (AMEX:ORS) | 22.8% | 1.40 | 1.14 |
| 10 | Agria Corporation (ADR) (NYSE:GRO) | 22.0% | 5.05 | 4.14 |
Top 10 losers (click here for full ranking):
| Rank | Company (Stock Symbol) | Weekly Change | 8/15/2008 | 8/8/2008 |
| 1 | Fushi Copperweld, Inc. (NASDAQ:FSIN) | -30.1% | 11.12 | 15.90 |
| 2 | Corgi International Ltd. (ADR) (NASDAQ:CRGI) | -26.7% | 0.44 | 0.60 |
| 3 | Global Sources Ltd. (Bermuda) (NASDAQ:GSOL) | -25.3% | 11.25 | 15.06 |
| 4 | Spreadtrum Communications, Inc. (NASDAQ:SPRD) | -23.9% | 3.37 | 4.43 |
| 5 | China Eastern Airlines Corp. Ltd. (ADR) (NYSE:CEA) | -19.1% | 23.01 | 28.44 |
| 6 | The9 Limited (ADR) (NASDAQ:NCTY) | -17.7% | 18.78 | 22.83 |
| 7 | China GrenTech Corporation Limited (ADR) (NASDAQ:GRRF) | -17.1% | 3.55 | 4.28 |
| 8 | China Shen Zhou Mining & Resources Inc. (AMEX:SHZ) | -16.5% | 1.72 | 2.06 |
| 9 | China Housing & Land Development, Inc. (NASDAQ:CHLN) | -14.5% | 3.42 | 4.00 |
| 10 | Advanced Battery Technologies, Inc. (NASDAQ:ABAT) | -14.2% | 4.40 | 5.13 |
For other rankings of U.S.-listed Chinese stocks, click here to visit our Rankings channel.
Below are the upgrades/downgrades of U.S.-listed Chinese stocks by Wall Street analysts during the past week. For historical rating changes, click here to visit our Ratings channel.
| Date | Company | Research Firm | Action | From | To |
| Aug 11 | LDK Solar Co., Ltd. (NYSE:LDK) | Think Panmure | Initiate | None | Buy |
| Aug 11 | China Telecom Corporation (NYSE:CHA) | CIMB | Upgrade | Underperform | Neutral |
| Aug 11 | China Unicom Limited (NYSE:CHU) | CIMB | Upgrade | Underperform | Neutral |
| Aug 12 | LDK Solar Co., Ltd. (NYSE:LDK) | Piper Jaffray | Upgrade | Sell | Neutral |
| Aug 12 | American Oriental Bioengineering (NYSE:AOB) | Piper Jaffray | Downgrade | Buy | Neutral |
| Aug 12 | China Mobile Ltd. (NYSE:CHL) | Davenport & Co. | Downgrade | Strong Buy | Buy |
| Aug 12 | Sinopec Shanghai Petrochemical (NYSE:SHI) | Goldman Sachs | Downgrade | Buy | Sell |
| Aug 12 | Hutchison Telecom Intl. Limited (NYSE:HTX) | Deutsche Bank | Initiate | None | Buy |
| Aug 13 | Fushi Copperweld, Inc. (NASDAQ:FSIN) | Piper Jaffray | Downgrade | Buy | Neutral |
| Aug 13 | China Unicom Limited (ADR) (NYSE:CHU) | Deutsche Bank | Downgrade | Buy | Hold |
| Aug 14 | China Petroleum & Chemical Corp. (NYSE:SNP) | Lehman Brothers | Upgrade | Equalweight | Overweight |
| Aug 14 | A-Power Energy (NASDAQ:APWR) | Raymond James | Initiate | None | Strong Buy |
| Aug 14 | Spreadtrum Communications (NASDAQ:SPRD) | Needham & Company | Downgrade | Buy | Hold |
| Aug 14 | Melco Crown Entertainment (NASDAQ:MPEL) | UBS Equities | Upgrade | Sell | Neutral |
| Aug 14 | Global Sources Ltd. (NASDAQ:GSOL) | Sterne, Agee & Leach | Downgrade | Buy | Hold |
| Aug 14 | CNinsure Inc. (NASDAQ:CISG) | Cazenove & Co. | Initiate | None | Outperform |
| Aug 15 | Spreadtrum Communications (NASDAQ:SPRD) | Piper Jaffray | Downgrade | Buy | Neutral |
| Aug 15 | Global Sources Ltd. (NASDAQ:GSOL) | Citigroup | Downgrade | Buy | Hold |
For historical and latest upgrades/downgrades, click here to visit our Analyst Actions channel.
In this weekly, we recommend the following 10 experts' opinions on Chinese stocks:
Hartnett Sees China Investment Opportunities After Games - Bloomberg (Michael Hartnett, Chief Equity Strategist for Emerging Markets, Merrill Lynch & Co.)
Ulrich Says China's Growth Policy Will Benefit Stocks - Bloomberg (Jing Ulrich, Chairwoman of China Equities, JPMorgan Chase & Co.)
Riedel Likes China's Ad Companies, Hong Kong Real Estate - Bloomberg (David Riedel, President, Riedel Research Group)
Analyst Rudd Expects Growth at BHP, Alcan, Chinalco - Bloomberg (Peter Rudd, Analyst, Carroll, Pike & Piercy Pty)
Tiku Expects 'Surprise on the Upside' for China Stocks - Bloomberg (Pran Tiku, Chief Market Strategist, Peak Financial)
JF's Lewis Says China Stocks 'Safest' of Major Markets - Bloomberg (Geoff Lewis, Head of Investment Services, JF Asset Management Ltd.)
SC Global's Cheong Sees Opportunity in China Real Estate - Bloomberg (Simon Cheong, CEO, SC Global Developments Ltd.)
Yuihama Likes Hong Kong Shares, Is 'Overweight' China - Bloomberg (Hirokazu Yuihama, Head of Research and Regional Strategy, Daiwa Institute of Research)
Wachovia's Bryson Expects Yuan's Appreciation to Slow - Bloomberg (Jay Bryson, Global Economist, Wachovia Corp.)
Freris Says China Faces Inflation Problem Through 2008 - Bloomberg (Andrew Freris, Chief Asia Economist, BNP Paribas SA)
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