Chinese ADRs Monthly Update

Posted by Sun on February 1, 2008
Post viewed 772 times, 3 so far today

chinese stocks

The first month of 2008 was pretty bad for domestic stocks, but if you look at the performances of the following Chinese ADRs, you may feel better because the Dow *only* lost 4.63% for the month.

Chinese stocks traded on NYSE and DASDAQ continued to struggle as many suffered double-digit loss in January. In fact, of the 83 stocks I tracked, only 9 posted a gain last month, including one (ATA) IPOed on the 28th. Among the worst performers, alternative energy related stocks as a group dropped the most, with Solarfun Power (SOLF) leading the way with more 50% decline.

Name Symbol 01/31/08
Price		 January
return(%)
3SBio SSRX $11.14 -25.13
51Job JOBS $17.78 -1.33
Acorn international ATV $8.2 -12.11
Actions Semiconductor ACTS $3.3 -19.12
Agria GRO $7.66 -17.90
AirMedia Group AMCN $22.89 2.28
Aluminum Corp of China ACH $36.18 -28.55
APT Satellite ATS $1.58 -26.52
ASAT Holdings ASTT $0.56 -20.00
ATA* ATAI $9.55 0.50
Baidu.com BIDU $279.95 -28.18
China Architectural Engineering RCH $6.24 -27.86
China Digital TV STV $22.55 -16.42
China Eastern Airlines CEA $68.01 -30.36
China Finance Online JRJC $17.15 -22.05
China Grentech GRRF $7.12 -19.46
China Life Insurance LFC $55.75 -27.12
China Medical Tech CMED $47.67 7.39
China Mobile CHL $75.52 -13.07
China Nepstar NPD $11.99 -31.80
China Petro & Chemical SNP $107.63 -27.38
China Southern Airlines ZNH $43.99 -32.79
China Sunergy CSUN $9.34 -43.46
China Techfaith CNTF $4.11 -29.14
China Telecom CHA $71.98 -7.80
China Netcom CN $62.35 4.97
China Unicom CHU $23.67 5.67
ChinaEdu CEDU $7.1 -16.47
City Telecom (HK) CTEL $4.51 -20.18
CNinsure CISG $10.74 -32.83
CNOOC CEO $145.29 -13.22
Ctrip.com CTRP $45.66 -20.55
E-House EJ $18.48 -22.45
eLong LONG $7.6 -8.21
Focus Media FMCN $48.05 -15.42
Fuqi International FUQI $8.52 2.65
Giant Interactive GA $9.94 -23.42
Global Sources GSOL $13.25 -53.10
Guangshen Railway GSH $32.65 -8.39
Gushan Environmental Energy GU $8.61 -7.91
Home Inns & Hotel HMIN $27.99 -21.42
Huaneng Power HNP $32.97 -20.17
Hurray! HRAY $3.42 -14.07
Hutchison Telecomm HTX $21.07 -6.98
JA Solar JASO $50.83 -27.19
Kongzhong KONG $5.1 -16.26
Las Vegas Sands LVS $87.75 -14.85
LDK Solar LDK $35 -25.55
Linktone LTON $3.27 5.83
Longtop Financial Tech. LFT $18.3 -22.72
Melco PBL Entertainment MPEL $12.1 4.67
Mindray Medical MR $34.02 -20.83
Netease.com NTES $18.07 -4.69
New Oriental Education EDU $56.7 -29.64
Ninetowns international NINE $2.88 -9.72
Noah Education NED $6.65 -17.49
O2Micro International OIIM $7.97 -30.94
Perfect World PWRD $22.35 -19.84
PetroChina PTR $142.28 -18.91
QiaoXing Mobile Comm. QXM $8.26 -2.25
Ronesola* SOL $12.51 -3.80
Semiconductor Manufacturing SMI $4.15 -20.04
Shanda Interactive SNDA $27.49 -17.40
Simcere Pharmaceutical SCR $11.8 -14.80
Sina SINA $39.7 -10.38
Sinopec SHI $46.01 -24.65
Sohu.com SOHU $46.53 -14.66
Solarfun Power SOLF $16.19 -50.41
Spreadtrum Communications SPRD $9.5 -22.51
Suntech Power STP $54.65 -33.61
The9 NCTY $18.15 -15.31
Tongjitang Chinese Medicine TCM $8.34 -15.33
Trina Solar TSL $34 -36.80
UTstarcom UTSI $2.77 1.09
VanceInfo Technologies VISN $6.85 -19.41
Vimicro International VIMC $3.59 -4.52
VisionChina Media VISN $6.85 -19.41
WSP Holdings WH $8.12 -10.77
Wuxi Pharmatech WX $25.18 -13.89
XinHua Finance Media XFML $5.07 -15.50
Xinyuan Real Estate XIN $12.95 -9.00
Yazhou Coal Mining YZC $86.07 -11.32
Yingli Green Energy YGE $20.32 -47.44

*2008 IPO

Meanwhile, investors who bought ETFs that invest mainly in China weren’t lucky either. For example, iShares FTSE/Xinhua China 25 Index (FXI) lost 15.29% while PowerShares Gloden Dragon Halter USX China (PGJ) suffered a even greater decline of nearly 20%.

I wonder where the bottom is.

*Photo from TIME

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9 Comments
February 1, 2008

Not sure about the solar drop lately. Maybe the guys made “paper money” want to lock in their gain (understandable). And the oil drop (from $100) could be another reason.

But on the other hand, I don’t see much quality in the class 2007 of Chinese IPO. Two names are kinda interesting (EJ, WX), but I don’t want to bet on it because they are not my specialty. I bet on LFT and lost all my last year’s gain.

Posted by STLPlace
February 1, 2008

This is somewhat off topic - but looking at that pic, I wonder if American viewers know that in China, Taiwan, and HK, the green and red colors are reversed? In China, red means gains and green signifies loss.

Posted by Money Blue Book
February 1, 2008

Ray: While what you said is true, if you look a little bit closer at the pic, you will see that the symbols are actually in red color and the prices are in green :(

Posted by Sun
February 7, 2008

I got out of FXI a year ago. The China bubble has burst. But I enjoyed the ride.

I guess Warren Buffett also laughing all the way to the bank. He got out just in time. Now he is buying Brazilian currency

Posted by Moneymonk
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