Chinese ADRs Monthly Update - April 2008

Posted by Sun on May 5, 2008
Post viewed 334 times, 1 so far today

April has turned out to be a pretty good month for equity investors. After all three major indices dropped to 52-week low in early March, stocks rebounded last month after financial firms indicated that the worst part of the current crisis may be over. The Dow ended April with a gain of 4.54%, the S&P added 4.75%, and the NASDAQ climbed 5.87%.

Chinese stocks traded on U.S. exchanges also had a solid month in April, rising along with U.S. stocks. Chinese ADRs also got support from favorable policies adopted by Chinese security regulators aimed to stabilize the market after the Shanghai Composite Index (^SSEC) lost half of its value in less than half a year. For the month, SSEC jumped 6.35% and the Hong Kong’s Hang Seng Index (^HSI) surged 12.72%. Among Chinese ADRs, VanceInfo Technologies (VIT) led the way with a gain of 142.60%, followed by Sohu.com (SOHU)’s 53.18%. Chinese search engine Baidu.com (BIDU) also recorded a 52.57% gain in share price. The month’s biggest loser was Agria (GRO), China’s agriculture products, such as seeds and feeding products, provider, which saw its share tumbled nearly 50%, despite record food price.

Name Symbol 04/30/08
Price		 April
return		 YTD
return
3SBio SSRX 10.45 19.57% -29.77%
51Job JOBS 18.4 13.23% 2.11%
Acorn international ATV 6.86 -9.97% -26.47%
Actions Semiconductor ACTS 3.86 29.98% -5.39%
Agria GRO 4.33 -48.14% -53.59%
AirMedia Group AMCN 19.86 24.91% -11.26%
Aluminum Corp of China ACH 42.82 5.91% -15.44%
APT Satellite ATS 1.53 -0.65% -28.84%
ASAT Holdings ASTT 0 0.00% 0.00%
ATA* ATAI 10.67 20.43% 12.32%
Baidu.com BIDU 365.6 52.57% -6.21%
China Architectural Engineering RCH 5.45 0.00% -36.99%
China Digital TV STV 16.8625 -9.97% -37.50%
China Eastern Airlines CEA 43.39 -15.58% -55.57%
China Finance Online JRJC 18.45 32.73% -16.14%
China Grentech GRRF 4.72 -7.81% -46.61%
China Life Insurance LFC 65.6 26.01% -14.25%
China Medical Tech CMED 37.4 -8.98% -15.75%
China Mobile CHL 86.32 15.08% -0.63%
China Nepstar NPD 11.77 -13.46% -33.05%
China Petro & Chemical SNP 107.51 25.04% -27.46%
China Southern Airlines ZNH 32.84 -17.18% -49.82%
China Sunergy CSUN 8.22 12.60% -50.24%
China Techfaith CNTF 5.46 -0.36% -5.86%
China Telecom CHA 67.59 7.58% -13.42%
China Netcom CN 61.05 5.28% 2.78%
China Unicom CHU 21.57 1.41% -3.71%
ChinaEdu CEDU 7 5.58% -17.65%
City Telecom (HK) CTEL 4.51 0.67% -20.18%
CNinsure CISG 14.05 21.86% -12.13%
CNOOC CEO 177.55 20.96% 6.04%
Ctrip.com CTRP 62.06 17.05% 7.99%
E-House EJ 16.72 27.15% -29.84%
eLong LONG 9.37 9.85% 13.16%
Focus Media FMCN 36.89 4.95% -35.06%
Fuqi International FUQI 8.25 15.71% -0.60%
Giant Interactive GA 16.28 28.70% 25.42%
Global Sources GSOL 13.89 -6.46% -50.83%
Guangshen Railway GSH 28.88 9.81% -18.97%
Gushan Environmental Energy GU 12.5 -4.36% 33.69%
Home Inns & Hotel HMIN 22.41 13.81% -37.09%
Huaneng Power HNP 33.65 10.18% -18.52%
Hurray! HRAY 2.77 0.36% -30.40%
Hutchison Telecomm HTX 21.05 -2.14% -7.06%
JA Solar JASO 24.01 29.09% 3.18%
Kongzhong KONG 4.23 -2.31% -30.54%
Las Vegas Sands LVS 76.22 3.50% -26.04%
LDK Solar LDK 31.74 17.56% -32.48%
Linktone LTON 2.15 -20.37% -30.42%
Longtop Financial Tech. LFT 19.95 5.67% -15.75%
Melco PBL Entertainment MPEL 13.2 15.99% 14.19%
Mindray Medical MR 34 17.48% -20.88%
Netease.com NTES 22.32 16.19% 17.72%
New Oriental Education EDU 75.06 15.73% -6.86%
Ninetowns inter NINE 2.23 -4.70% -30.09%
Noah Education* NED 6.161 10.81% -23.56%
O2Micro International OIIM 7.52 -2.72% -34.84%
Perfect World PWRD 28.72 26.46% 3.01%
PetroChina PTR 151.14 20.61% -13.87%
QiaoXing Mobile Comm. QXM 6.43 6.99% -23.91%
Renesola* SOL 16.75 47.45% 28.85%
Semiconductor Manufacturing SMI 3.81 8.55% -26.59%
Shanda Interactive SNDA 34.29 17.84% 3.03%
Simcere Pharmaceutical SCR 12.59 20.36% -9.10%
Sina SINA 46.2 31.06% 4.29%
Sinopec SHI 39.55 13.03% -35.23%
Sohu.com SOHU 69.13 53.18% 26.80%
Solarfun Power SOLF 13.43 11.36% -58.87%
Spreadtrum Communications SPRD 8.71 0.11% -28.96%
Suntech Power STP 44.73 10.28% -45.66%
The9 NCTY 21.47 4.73% 0.19%
Tongjitang Chinese Medicine TCM 8.2 -0.24% -16.75%
Trina Solar TSL 42.18 37.22% -21.60%
UTstarcom UTSI 3.25 14.44% 18.61%
VanceInfo Technologies VIT 14.75 142.60% 63.89%
Vimicro International VIMC 3.39 23.29% -9.84%
VisionChina Media VISN 14.75 33.12% 73.53%
WSP Holdings WH 6.62 -4.06% -27.25%
Wuxi Pharmatech WX 18.44 -17.53% -36.94%
XinHua Finance Media XFML 4.15 31.33% -30.83%
Xinyuan Real Estate XIN 9.03 7.63% -36.54%
Yazhou Coal Mining YZC 92.68 30.48% -4.51%
Yingli Green Energy YGE 22.03 28.83% -43.02%

*2008 IPO

For the month, two widely held EFTs that mainly invest in China also rose sharply. iShares FTSE/Xinhua China 25 Index (FXI) gained 17.50% in April while PowerShares Gloden Dragon Halter USX China (PGJ) climbed 15.55%.

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