 In order to cool down an overheating property market, Chinese government asked banks to refuse loans to people buying their third houses in areas suffering from soaring property prices. In addition, banks will also halt loans to those who cannot prove that they had lived and paid taxes for at least one year in cities where they want to buy houses. All the real estate related U.S. listed Chinese stocks in China 100 Stock Index tumbled, led by E-House China Holdings.
E-House (EJ), a provider of real estate services in China, dived 7.05% on more than two times the average trading volume. The stock was closed at way blow its 50-day and 200-day moving averages. China Housing and Land Development (CHLN) ended at $3.55 with a loss of 4.31%. CHLN is a developer of residential and commercial properties in northwest China. Xinyuan Real Estate (XIN), a residential real estate developer with a focus on high growth strategic Tier II Cities in China, fell 3.31% to close at $3.80.
Among other laggards of the day, China-Biotics (CHBT) had the second day high-volume loss, closing below the rising 50-day moving average. The stock ended at $16.27, or 5.74% lower. CHBT currently has a support at 200-day moving average of $14.54. Shares of Origin Agritech (SEED) have decreased for three days in a row, shedding 5.58% at $9.31, below 50-day moving average. The stock has been moving around its 50-day moving average for the past couple weeks. Shares of Ctrip.com International (CTRP) gave up previous gains and broke below the support at 50-day moving average, down 5.02% on high volume. CTRP is a provider of travel services.
Among the big upside movers of the day, China INSOnline Corp. (CHIO), as the best performer last week, continues its upward momentum. Shares of the company closed at $0.74 with a gain of 15.63% on nearly four times the average trading volume, or 12.93% of the float. China INSOnline is an insurance agency, offering automobile, property and life insurance services through its web portal. 3SBio (SSRX) slightly jumped back from previous losses, rising 3.59% to close at $10.38 on light volume of 211,000 shares, less than 2% of the float. This is a thin volume stock with a 3-month average trading volume of only 85,000 shares. China Pharma Holdings (CPHI) climbed back from a previous low and closed above the 200-day moving average, ending at $3.21 with a small gain of 2.56%.
China 3C Group (CHCG) climbed back from last Friday’s dip due to disappointing earnings results, ending at $0.44 or 4.76% higher. The stock has a solid resistance level at its 50-day moving average. Last Thursday, April 15, 2010, the company filed its 10-K. The report shows that net sales for 2009 decreased 32.88% to $208 million year-over-year. The decrease was attributed to the closing of 101 stores in 2009 and the negative effect of global economic slowdown. Net loss for 2009 was $(1.21) million compared to a net income of $26.83 million for 2008. China 3C Group is a wholesale distributor and retailer of 3C merchandise.
SinoHub (SIHI) today announced that its new 77,500 sq. ft mobile phone manufacturing facility has commenced operation. It also received new orders for 61,000 custom, private label mobile phones from four separate customers. The new mobile phone facility has annual output capacity of approximately 5.4 million handsets, or 450,000 handsets per month based on 12 assembly lines. The company expects to reach full capacity utilization, or over 75,000 handsets per month, on the initial two assembly lines by June 2010 to produce mobile phones for developing countries. The positive news helped the stock rally 2.75% to close at $2.99.
| TOP GAINERS |
|---|
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China INSOnline Corp. (CHIO) |
0.74 |
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0.10 / + 15.63% |
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China 3C Group (CHCG) |
0.44 |
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0.02 / + 4.76% |
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3SBio (SSRX) |
10.38 |
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0.36 / + 3.59% |
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SinoHub, Inc. (SIHI) |
2.99 |
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0.08 / + 2.75% |
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China Pharma Holdings, Inc. (CPHI) |
3.21 |
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0.08 / + 2.56% |
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| TOP LOSERS |
|---|
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E-House (China) Holdings Limited (EJ) |
17.13 |
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1.30 / - 7.05% |
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China-Biotics, Inc. (CHBT) |
16.27 |
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0.99 / - 5.74% |
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Origin Agritech Limited (SEED) |
9.31 |
|
0.55 / - 5.58% |
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Ctrip.com International Ltd. (CTRP) |
37.12 |
|
1.96 / - 5.02% |
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China Housing and Land Development, Inc. (CHLN) |
3.55 |
|
0.16 / - 4.31% |
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 China Life Insurance Co. Ltd. (LFC) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. During the Reporting Period, net premiums earned were RMB275,077 million, a 3.7% increase from 2008. This was primarily due to an increase in insurance business volume. During the Reporting Period, net profit attributable to shareholders of the Company was RMB32,881 million, a 71.8% increase from 2008. This was primarily due to an increase in investment yield resulting from favorable capital market conditions.
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 New Energy Systems Group (NEWN) files 8-K - Current report. New York and Shenzhen – November 17, 2009 – China Digital Communication Group (OTCBB: CMTP), a manufacturer and distributor of battery components in China, today announced that it has obtained approval from FINRA to change its name to New Energy Systems Group. In conjunction with the name change, the company’s CUSIP number will be changed to 643847106 and the stock will begin trading under the ticker symbol “NEWN” on November 18, 2009.
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 LDK Solar Co., Ltd. (LDK) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. XINYU CITY, China and SUNNYVALE, Calif., April 19, 2010 — LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers and PV products, today announced that it reached the milestone of 2.0 gigawatts (GW) annualized capacity at its wafer plant. Mr. Xiaofeng Peng, Founder, Chairman and CEO hosted a ceremony to celebrate the achievement at the company’s facilities in Xinyu City, China in conjunction with its previously announced Investor Day.
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 CNOOC Ltd. Made Important Discovery PL9-1 in Bohai Bay. HONG KONG, April 19 /PRNewswire-Asia/ -- Datang International Power Generation Co., Ltd. ("Datang Power" or the "Company") (HKEx: 991; SSE: 601991; LSE: DAT; ADR: DIPGY) announced the audited consolidated operating results of the Company and its subsidiaries (the "Group") for the year ended 31 December 2009 (the "Year"). Financial Highlights: -- Operating revenue amounted to approximately Rmb47,943 million, representing an increase of 29.93% over the Previous Year. -- Net profit attributable to equity holders of the Company amounted to approximately Rmb1,612 million, an increase of 115.16% year-on-year. -- Basic earnings per share attributable to equity holders of the Company amounted to approximately Rmb0.14, an increase of Rmb0.08 year-on-year. -- The board of directors has recommended the distribution of proposed dividend of Rmb0.07 per share (tax included) for the year of 2009.
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 CDC Software Signs Term Sheet to Acquire A Provider of SaaS Supply Chain Management Solutions. SHANGHAI & ATLANTA--(BUSINESS WIRE)--CDC Software Corporation (NASDAQ: CDCS), a global provider of enterprise software applications and services, today announced it has signed a term sheet to acquire a leading provider of on-demand software as a service (SaaS) supply chain management solutions, the latest move by CDC Software to expand its growing portfolio of SaaS solutions and increase recurring revenue significantly over the next few years.
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 Zhongpin to Present at CLSA China Consumer Access Day on April 27, 2010. CHANGGE and BEIJING, China, April 19 /PRNewswire-Asia-FirstCall/ -- Zhongpin Inc. ("Zhongpin", Nasdaq: HOGS), a leading meat and food processing company in the People's Republic of China, today announced that it will present at the CLSA China Consumer Access Day on April 27 and meet with investors at the conference to be held at the JW Marriott Hotel, Pacific Place, Hong Kong.
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LDK Solar Reaches 2.0 GW Wafer Production Capacity. XINYU CITY, China and SUNNYVALE, Calif., April 19 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers and PV products, today announced that it reached the milestone of 2.0 gigawatts (GW) annualized capacity at its wafer plant. Mr. Xiaofeng Peng, Founder, Chairman and CEO hosted a ceremony to celebrate the achievement at the company's facilities in Xinyu City, China in conjunction with its previously announced Investor Day. |
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 Sydney Town Hall Wields New Power: Solar. WUXI, China, April 18 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE:STP - News), the world's leading producer of crystalline silicon photovoltaic modules, recently supplied 240 advanced solar panels for a 48kW rooftop installation on Town Hall in Sydney, Australia. The panels are the first in Australia to showcase Suntech's cutting-edge Pluto technology.
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 SinoHub, Inc. Begins Production at New Mobile Phone Manufacturing Facility; Receives New Orders for 61,000 Custom, Private Label Mobile Phones. SANTA CLARA, Calif. and SHENZHEN, China, April 19 /PRNewswire-Asia/ -- SinoHub, Inc. (NYSE Amex: SIHI), a leading provider of supply chain management (SCM) services for participants in the electronic components supply chain in China, today announced that its new 77,500 sq. ft. mobile phone manufacturing facility located in the Bao'an district of Shenzhen, China, has commenced operations. The Company also announced that it has received new orders for 61,000 custom, private label mobile phones from four separate customers located in Indonesia, India, Malaysia and Hungary.
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 The9 Limited Files Form 20-F and Form 6-K. SHANGHAI, China, April 19 /PRNewswire-Asia-FirstCall/ -- The9 Limited (Nasdaq: NCTY) ("The9"), an online game developer and operator in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2009 and the unaudited financial results for the quarter ended December 31, 2009 on Form 6-K with the Securities and Exchange Commission on April 16, 2010.
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|  | The China 100 Stock Index closed Monday, April 19, 2010:
1,006.69  20.68 (2.01 %) | | | China INSOnline Corp. (CHIO) led the Gainers closing 4/19/2010:
0.74  0.10 (15.63 %)
| | | E-House (China) Holdings Limited (EJ) was the Index biggest loser closing 4/19/2010:
17.13 1.30 (7.05 %)
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| | The China Vesting Large Cap Stock Index (Panda) closed Monday, April 19, 2010:
1,040.80 10.63 (1.01 %) | | | New Oriental Edu & Tech ADR (EDU) led the Index closing 4/19/2010:
92.01 1.43 (1.58 %)
| | | E-House (China) Holdings Limited (EJ) was the Index biggest loser closing 4/19/2010:
17.13 1.30 (7.05 %)
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| | The China Vesting Small and Mid Cap Stock Index (Tiger) closed Monday, April 19, 2010:
1,007.10 20.51 (2.00 %) | | | ReneSola Ltd. (SOL) led the Index closing 4/19/2010:
6.46 0.13 (2.05 %)
| | | China-Biotics, Inc. (CHBT) was the Index biggest loser closing 4/19/2010:
16.27 0.99 (5.74 %)
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| | The China Vesting Undervalued Stock Index (Dragon) closed Monday, April 19, 2010:
967.46 32.33 (3.23 %) | | | China INSOnline Corp. (CHIO) led the Index closing 4/19/2010:
0.74 0.10 (15.63 %)
| | | New Energy Systems Group (NEWN) was the Index biggest loser closing 4/19/2010:
8.04 0.26 (3.13 %)
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