 The picture is quite gloomy with the central bank taking measures to mitigate inflation and prevent housing sector inflation owing to record lending last year. It ordered for the third time a larger proportion of deposits to be kept as reserves with commercial banks. No wonder the Shanghai Composite Index fell to a record low since September 1, 2009.
According to recent surveys, China’s producer prices, consumer prices and industrial prices have all climbed – by 6.5%, 2.7% and 18.5 % respectively. Further, with speculation in reduced planting and drought in many parts of China, investors are expecting a boost in the prices of farm products, which has quite understandably raised the prices of agricultural stocks.
This is quite evident from the data showing the weekly gainers in China stocks. The topmost gainer has been Synutra International (SYUT) that gained 2.82% during the week, closing at $24.47. It deals in the production, processing, packaging, marketing, and sale of dairy based nutritional products primarily in the People’s Republic of China. The rise in consumer prices is showing its impact on the stocks of the companies in the consumer sector. The second place amongst the top gainers this week goes to China Shandong Industries (CSNH). This leading producer and global marketer of straw-wicker products, wooden crafts and solid wooden furniture saw its stocks rising by 1.66%. The closing price has been $2.45. Yanglin Soybean (YSYB) grabbed the third place with no gain or loss, and closing at $2.30.
In fact, the next two places also belong to companies that could only manage to save their stocks from any fall. They are China America Holdings (CAAH) and Asia Cork (AKRK), both showing no gain – no loss. China America Holdings is a U.S. based company establishing a presence in the People’s Republic of China (PRC), through strategic acquisition. Asia Cork is a Chinese company that is a leader in the development, manufacturing and marketing of quality cork-based building materials. While CAAH stocks closed at $0.03 that of AKRK closed at $0.53.
When it comes to weekly losers, three places belong to the companies that featured amongst the top 5 losers on Friday. Trina Solar (TSL) with a fall of 17.71% is the top most loser. Yingli Green Energy Holding (YGE) lost by 15.63% and is on the third place. Solarfun Power Holdings (SOLF) with a fall of 15% is on the fifth place amongst the top losers. With a 16.61% fall, LDK Solar (LDK) is in the second position amongst top 5 losers. This shows a rather gloomy week for the power and technology sector.
Melco Crown Entertainment (MPEL), a leading player dealing in the development, ownership, and operation of casino gaming and entertainment resort facilities primarily in the Macau special administrative region of the People’s Republic of China, is the only company in the service industry to face a fall in its stocks. With a 15.52% fall, it is on the fourth place amongst top 5 losers this week.
| TOP GAINERS |
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51job Inc. (JOBS) |
20.44 |
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0.33 / + 1.64% |
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Yanglin Soybean Inc. (YSYB) |
2.30 |
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0.00 / 0.00% |
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China Shandong Industries, Inc. (CSNH) |
4.78 |
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0.04 / - 0.83% |
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Chunghwa Telecom Co. Ltd. (CHT) |
18.15 |
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0.26 / - 1.41% |
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American Lorain Corporation (ALN) |
3.25 |
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0.06 / - 1.81% |
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| TOP LOSERS |
|---|
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Suntech Power Holdings (STP) |
10.49 |
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3.38 / - 24.37% |
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Trina Solar Ltd. (TSL) |
19.93 |
|
6.38 / - 24.25% |
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LDK Solar Co., Ltd. (LDK) |
6.18 |
|
1.95 / - 23.99% |
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SORL Auto Parts, Inc. (SORL) |
8.56 |
|
2.64 / - 23.57% |
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Telestone Technologies Corp. (TSTC) |
10.53 |
|
3.22 / - 23.42% |
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 AsiaInfo-Linkage,Inc. (ASIA) files 10-Q - Quarterly report [Sections 13 or 15(d)]. ASIAINFO HOLDINGS, INC.:AsiaInfo Holdings, Inc. uses the United States (“U.S.”) dollar as its reporting currency and functional currency. The financial records of the Company’s People’s Republic of China (“PRC”) subsidiaries and VIEs are maintained in Renminbi (“RMB”), their functional currency and the currency of the PRC. Their balance sheets are translated into U.S. dollars based on the exchange rate quoted by the People’s Bank of China as of the balance sheet date. Their statements of operations are translated using a weighted average exchange rate for the period. Translation adjustments are reflected in accumulated other comprehensive income in stockholders’ equity.
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 American Lorain Corporation (ALN) files S-3/A [Amend] - Registration statement under Securities Act of 1933. AMERICAN LORAIN CORPORATION:We may offer and sell, from time to time in one or more offerings, any combination of common stock, preferred stock, rights, warrants or units having an aggregate initial offering price not exceeding $100,000,000. The selling stockholder named in this prospectus may offer and sell up to 1,500,000 shares of our common stock under this prospectus and any prospectus supplement.
We or the selling stockholder will provide specific terms of the offerings of our securities in supplements to this prospectus. A prospectus supplement may also add, update or change information contained in, or incorporated by reference into, this prospectus. You should read this prospectus and any prospectus supplement, as well as the documents incorporated by reference or deemed to be incorporated by reference into this prospectus or any such prospectus supplement, carefully before you invest.
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 China Agritech Inc. (CAGC) files 8-K - Current report. CHINA AGRITECH, INC.:On April 29, 2010, China Agritech, Inc. (the “Company”) issued a press release announcing that in connection with the previously announced public offering of 1,243,000 shares of common stock, Rodman & Renshaw, LLC, the underwriter, exercised its over-allotment option for the issuance and sale of an additional 186,450 shares of the Company’s common stock. The exercise of the over-allotment option brings the total number of shares sold by the Company in connection with the offering to 1,429,450 and the total gross proceeds received in connection with the offering to approximately $23.0 million.
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China Agritech Inc. (CAGC) files 424B3 - Prospectus [Rule 424(b)(3)]. CHINA AGRITECH, INC.:The Selling Stockholders or their pledgees, donees, transferees or other successors-in-interest, may offer the shares from time to time through public or private transactions at prevailing market prices, at prices related to prevailing market prices or at privately negotiated prices. We will not receive any proceeds from the sale of the shares. The Selling Stockholders will sell the Shares in accordance with the “Plan of Distribution” set forth in this prospectus. The Selling Stockholders will bear all commissions and discounts, if any, attributable to the sales of Shares. We will bear all costs, expenses and fees in connection with the registration of the Shares.Our common stock is traded on the NASDAQ Global Market under the symbol “CAGC.” On April 16, 2010 the last reported market price of our common stock was $17.97 |
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 China-Biotics, Inc. (CHBT) files POS AM - Post-Effective amendments for registration statement. CHINA-BIOTICS, INC.:We are engaged in the research, development, production, marketing and distribution of probiotics products in the People’s Republic of China (the “PRC” or “China”). Probiotics products are products that contain live microbial food supplements that beneficially affect the host by improving its intestinal microbial balance.We produce the live bacteria, which are the active ingredients of our probiotics, through our microecology technology. We use a multi-stage fermentation process under a strictly controlled environment using our patented and proprietary technology. Solid bacteria are then extracted and stored using controlled freeze drying methods. Prior to sale to our customers, we transform the solid bacteria into capsule form and place it in sealed double aluminum packaging using our patented equipment.
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 China Education Alliance Announces Conference Call to Discuss First Quarter 2010 Financial Results. China Education Alliance, Inc. (NYSE: CEU), a China-based education resource and services company, announced today that the company will hold a conference call on May 12, 2010 to discuss financial results for the first quarter ended March 31, 2010. The conference call is scheduled for Wednesday, May 12, 2010 at 10:00 a.m. Eastern Daylight time (7:00 a.m. PDT).
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 China Automotive Systems Reports 88% Revenue Growth in 2010 First Quarter. China Automotive Systems, Inc. (the "Company"), (Nasdaq:CAAS - News), a leading power steering components and systems supplier in China, today announced record financial results for the first quarter ended March 31, 2010.Net sales for the first quarter of 2010 represented an 88.5% year-over-year increase to $84.2 million, the highest first quarter sales in the Company's history, versus $44.7 million in the 2009 first quarter. All of the revenue increase was due to organic growth.
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China Agritech Announces Closing of $23 Million Public Offering of Common Stock. China Agritech, Inc., (Nasdaq:CAGC - News) ("China Agritech" or the "Company"), a leading organic compound fertilizer manufacturer and distributor in China, announced today that it has closed its previously announced public offering of 1,243,000 shares of common stock. On April 29, 2010, Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (Nasdaq:RODM - News), acting as the sole book running manager of the offering, exercised its over-allotment option to purchase an additional 186,450 shares of common stock, increasing the size of the offering to an aggregate of 1,429,450 shares of common stock. Total gross proceeds from the offering and over-allotment were approximately $23.0 million. |
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 E-House to Report First Quarter 2010 Financial Results on May 13, 2010. E-House (China) Holdings Limited ("E-House") (NYSE: EJ), a leading real estate services company in China, today announced that it will report its financial results for the first quarter ended March 31, 2010 before the U.S. markets open on May 13, 2010.E-House (China) Holdings Limited ("E-House") (NYSE: EJ) is China's leading real estate services company with a nationwide network covering more than 105 cities. E-House offers a wide range of services to the real estate industry, including primary sales agency, secondary brokerage, information, consulting, advertising, online and investment management services. The real estate information, consulting, advertising and online services are offered through E-House's majority owned subsidiary, China Real Estate Information Corporation ( CRIC)
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 AirMedia Announces Unaudited First Quarter 2010 Financial Results. AirMedia Group Inc. ("AirMedia" or the "Company") (Nasdaq: AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today announced its unaudited financial results for the first quarter ended March 31, 2010."Despite the usual seasonality in the first quarter of 2010, we were still able to achieve record total revenues of US$48.8 million with our core business continuing to grow quarter-over-quarter, which brought about a good start to the Company's recovery in 2010. Although we are facing some temporary challenges on our gas station advertising network, our existing business in the air sector continues to see strong revenue growth in the second quarter and the rest of the year, which enables us to give strong annual guidance for 2010. Advertisers' strong demand and visibility for the full year also give us strong confidence that the Company will break even no later than the third quarter of this year," commented Herman Guo, chairman and chief executive officer of AirMedia.
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