Date updated:05-16-2008
Stocks in China & India that made big moves or had significant news on the day. This portfolio will be updated every night with the most recent news and information.

-
CSIQ
Canadian Solar In - $43.60
- -0.91%
- $44.10
Analysts at Deutsche Bank Securities maintain their hold rating on Canadian Solar Inc (CSIQ). The target price has been raised from $22 to $45. In a research note published yesterday, the analysts mention that the company has posted robust 1Q08 results. Canadian Solar has issued its 2Q08 guidance ahead of the consensus. There is upside to the company’s guidance, given the sale of the UMG-Si modules, the analysts say.

-
RCH
China Architectur - $10.18
- +23.24%
- $8.88
Some big movers among stocks based in China Thursday were, China Shenghuo Pharmaceutical (KUN), which exploded higher by 43% to $5.40; China Architectural Engineering (RCH), which soared 23% to $10.18; ReneSola, which ripped higher by 17% to $26.21; and Asia Time (TYM), which jumped 16% to $5.78.

-
LDK
Ldk Solar Co Adr - $36.14
- -1.18%
- $37.37
Also in the Chinese solar sector, LDK Solar (LDK) said first-quarter revenues surged 21% due to strong demand for the company's solar wafers. Revenues jumped to $233.4 million, vs. $73.4 million from a year earlier and first-quarter net income surged to $49.8 million, vs. $21.6 million from a year ago. The company said second-quarter sales will come in between the range of $278 million to $288 million, vs. estimates of $247 million and second-quarter revenues will be between $1.08 billion to $1.18 billion, vs. estimates of $1.07 billion.

-
JASO
Ja Solar Holdings - $23.81
- -1.49%
- $24.88
RBC Capital Markets reiterated its outperform rating on Chinese alternative energy company JA Solar (JASO) and raised its price target from $21 to $26. In a note to clients, RBC analysts said JA Solar is well-positioned to take market share due to the company's strong product mix. RBC also raised its EPS estimates for 2008 from 71 cents to 96 cents.

-
SINA
Sina Corporation - $56.21
- +5.76%
- $58.33
Shares of SINA Corporation, a Chinese Web portal, popped 5.7% after the company reported blowout first-quarter profits and raised its second-quarter revenue guidance well above Wall Street expectations, due to strong corporate advertising revenues spurred by the upcoming Beijing Olympics. Net income for the first-quarter jumped 73% to $19.6 million and net revenue surged 39% to $71.3 million, vs. previous guidance of $66 million to $68 million. Sina said second-quarter revenues will come in between the range of $88 million to $90 million, vs. Wall Street estimates of $81.7 million. Citi Investment Research upgraded shares of Sina to buy from hold and raised its price target to $65 to $42, citing strong advertising growth. Susquehanna Financial also bumped its price target for Sina from $45 to $61 and raised its estimates for 2008 and 2009.

-
CTRP
Ctrip.com Intl Lt - $57.48
- -9.24%
- $56.67
China’s leading online travel agent, Ctrip.com reported a 52% jump in first-quarter net profits at $14.1 million or 20 cents a share, vs. $8.4 million a year earlier and a 47% spike in sales at $52.3 million, vs. Wall Street estimates of $46.5 million, due to strong demand for airline tickets. Following the earnings report, Susquehanna downgraded shares of CTRP from positive to neutral, citing valuation.

-
KUN
China Shenghuo Ph - $5.40
- +43.62%
- $3.96
Some big movers among stocks based in China Thursday were, China Shenghuo Pharmaceutical (KUN), which exploded higher by 43% to $5.40; China Architectural Engineering (RCH), which soared 23% to $10.18; ReneSola, which ripped higher by 17% to $26.21; and Asia Time (TYM), which jumped 16% to $5.78.

-
SSRX
3sbio Inc - $10.85
- -0.09%
- $11.25
Shenyang-based biotechnology company 3SBio said first-quarter net revenues rose 56% to $7.91 million and first-quarter net income jumped 22% to $2.82 million, due to strong sales growth for its core products EPIAO and TPIAO.
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Each day we'll select 5-10 stocks on the 52-week high list and give commentary. This is not a comprehensive list of the 52-week high list but just select stocks we think ar... more
Each day we'll select 5-10 stocks on the 52-week low list and give commentary. This is not a comprehensive list of the 52-week low list but just select stocks we think are ... more
Analyst Upgrades for 05-16-08 more








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