Chinese ADRs Monthly Update
Posted by
Sun on
February 1, 2008
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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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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.
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.
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
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