Chinese Stocks of the Week: CDCS, SOHU, VISN, CYOU, BIDU, PTR, CEO, ACH, LFC, YZC, SNP

By Alan Huang – Last week was a very busy earnings week for U.S.-listed Chinese stocks. Below are last week’s notable Chinese ADRs with both significant news and price changes:

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CDC Software Corporation (NASDAQ:CDCS) rose 7.39% to $9.74: CDCS expected to report Q3:2009 results above analyst consensus. Lazard Capital Markets maintained Buy rating and $14 price target on CDCS. JMP Securities maintained Market Outperform rating and $14 price target on CDCS. Cantor Fitzgerald maintained Buy rating and $13 price target on CDCS. Janney Montgomery Scott reiterated Buy rating and $11 fair value on CDCS. Janney Montgomery Scott reiterated Buy rating and $11 fair value on CDCS.

Sohu.com Inc. (NASDAQ:SOHU) declined 22.07% to $55.60: SOHU reported Q3:2009 earnings on Monday. Credit Suisse maintained Neutral rating on SOHU, and reduced price target from $62.70 to $61.10. JPMorgan maintained Overweight rating on SOHU, with $74 price target. Citigroup maintained Buy rating on SOHU, and reduced price target from $85 to $83. Morgan Stanley maintained Overweight rating on SOHU. Deutsche Bank maintained Hold rating on SOHU. RBC Capital Markets downgraded SOHU from Outperform to Sector Perform, and reduced price target from $68 to $65. Susquehanna Financial Group maintained Positive rating on SOHU, and raised price target from $68 to $71. CLSA downgraded SOHU from Outperform to Underperform. Nomura Securities maintained Neutral rating and reduced price target from $67.4 to $64.2.

VisionChina Media Inc. (NASDAQ:VISN) declined 18.60% to $8.36: VISN reported Q3:2009 results on Thursday. Morgan Stanley reiterated Overweight rating on VISN. Bank of America maintained Neutral rating on VISN, and raised price target to $10.5. Susquehanna Financial Group maintained Neutral rating on VISN. Piper Jaffray maintained Overweight rating and $10 price target on VISN.

Changyou.com Limited (NASDAQ:CYOU) declined 13.82% to $30.13: CYOU reported Q3:2009 earnings on Monday. Morgan Stanley maintained Equal-weight rating on CYOU. Citigroup maintained Buy rating and reduced price target from $45 to $43. Piper Jaffray maintained Overweight rating on CYOU, and reduced price target from $44 to $38. Susquehanna Financial Group upgraded CYOU from Neutral to Positive, with $46 price target. Roth Capital Partners reiterated Buy rating and $40 price target on CYOU. Citigroup maintained Buy rating and $43 price target.

Baidu, Inc. (NASDAQ:BIDU) declined 13.18% to $377.92: BIDU reported Q3:2009 results on Monday. RBC Capital Markets maintained Outperform rating on BIDU, and raised price target from $339 to $484. Goldman Sachs maintained Buy rating on BIDU, and reduced price target from $455 to $435. Morgan Stanley maintained Equal-weight rating on BIDU. Credit Suisse reiterated Underperform rating on BIDU, and reduced price target from $290 to $263. Deutsche Bank maintained Hold rating and $411 price target on BIDU. JPMorgan maintained Overweight rating, and reduced price target from $480 to $460. Bank of America maintained Buy rating on BIDU, and reduced price target from $512 to $455. CLSA maintained Buy rating and $480 price target on BIDU.

PetroChina Company Limited (NYSE:PTR) declined 9.25% to $120.04: PTR reported Q3:2009 earnings. Goldman Sachs maintained Neutral rating on PTR, with $128 price target. UBS maintained Buy rating and $156.13 price target on PTR. Bank of America maintained Neutral rating on PTR, with a new price target of HK$10 on the company's Hong Kong-listed shares. HSBC reiterated Overweight rating on PTR, and maintained HK$11.5 price target. JPMorgan maintained Underweight rating and HK$7.40 price target. DBS Vickers maintained Buy rating on PTR, and raised price target from HK$10.44 to HK$10.83. Daiwa reiterated Outperform rating and HK$10.80 price target.

CNOOC Limited (NYSE:CEO) declined 8.53% to $148.94: CNOOC reported Q3:2009 earnings. JPMorgan maintained Neutral rating and HK$10.50 price target on the company's Hong Kong-listed shares. Goldman Sachs affirmed Buy rating on CEO, with $183 price target. Citigroup maintained Sell rating and HK$8.8 price target. UBS maintained Neutral rating and $149.67 price target on CEO. Bank of America maintained Neutral rating on CEO, and raised price target to $149. DBS Vickers maintained Hold rating on CEO, and raised price target from HK$11.13 to HK$11.46.

Aluminum Corp. of China Limited (NYSE:ACH) declined 5.91% to $27.20: ACH reported Q3:2009 results. Morgan Stanley maintain Underweight rating with HK$7.73 price target on the company's Hong Kong-listed shares. Deutsche Bank maintained Buy rating and HK$9.50 price target. Macquarie maintained Underperform rating and HK$8.20 price target. HSBC reiterated Underweight rating and HK$5.25 price target. DBS Vickers maintained Hold rating on ACH, and reduced price target from HK$8.08 to HK$8.03.

China Life Insurance Company Ltd. (NYSE:LFC) declined 4.97% to $68.61: LFC reported Q3:2009 results. Morgan Stanley maintained Equal-weight rating and HK$32.31 price target on the company's Hong Kong-listed shares. Bank of America maintained Buy rating on LFC, with HK$38.47 price target. Nomura Securities maintained Buy rating and HK$45 price target. UBS maintained Buy rating on LFC, and raised price target from $82.45 to $86.52. CLSA reiterated Underperform rating on LFC, and maintained HK$31 price target. Daiwa reiterated Outperform rating on LFC, and maintained HK$52.05 price target. Shanghai Shenyin Wanguo reiterated Outperform rating on the company's Shanghai-listed shares, with price target of RMB31.

Yanzhou Coal Mining Co. (NYSE:YZC) declined 4.67% to $15.30: YZC reported Q3:2009 results. Morgan Stanley maintained Equal-weight rating and HK$11 on on the company's Hong Kong-listed shares. Bank of America reinstated coverage of YZC with Buy rating and HK$15.5 price target. Shanghai Shenyin Wanguo upgraded YZC to Buy, with HK$16.5 price target . Daiwa reiterated Buy rating on YZC, and maintained HK$15.19 price target.

China Petroleum & Chemical Corp. (NYSE:SNP) declined 3.53% to $84.36: SNP reported Q3:2009 earnings. Deutsche Bank maintained Buy rating and HK$8.88 price target on the company's Hong Kong-listed shares. UBS maintained Buy rating and $113.55 price target on SNP. Bank of America maintained Buy rating and $116 price target on SNP. JPMorgan maintained Overweight rating and HK$8.50 price target on the company's Hong Kong-listed shares. Credit Suisse maintained Neutral rating and HK$7.50 price target. Citigroup maintained Buy rating and HK$8.50 price target.