Today the stock market exploded on the JPMorgan Chase and Intel’s better-than-expected earnings results. Theses giants’ improved quarterly earnings gave investors a view that economy is recovering and business conditions are getting healthier. The optimism and excitement also boost U.S. listed Chinese stocks, especially the technology shares.
 Taiwan Semiconductor Manufacturing (TSM), the world’s top contract chipmaker, soared 5.44% on heavy underlying volume. The company yesterday announced it will skip the 22nm manufacturing process node and move directly to a 20nm technology. Dr. Chiang, TSMC Senior vice president, Research & Development, said “the move to 20nm creates a superior gate density and chip performance to cost ratio than a 22nm process technology and makes it a more viable platform for advanced technology designers.” TSM also provided a positive outlook for global chip sales growth in 2010 and 2011, according to a release issued by Reuters.
Shares of Asia Cork (AKRK) raised 17.02% for the day to close at $0.55 on triple its average trade volume, breaking through the previous resistance. The next resistance level would be located at $0.60. Asia Cork is engaged in developing, manufacturing and marketing of cork wood floor, wall, and decorating materials. China Shenghuo Pharmaceutical (KUN) today after the market closed announced financial results and shares rocketed 15.85% on 92,000 shares, 2% of the float. For the 2009 fourth quarter, total revenues increased 43.8% year-over-year to $ 0.5 to $10.5 million. Net income surged 108.3% to $0.2 million. For the 2009 full year, revenues were $36.0 million, an increase of 25.5%. Net loss was $6.6 million, or $0.33 loss per share compared to a net loss of $4.6 million or $0.24 loss per share last year. According to the release, the sales growth for the fourth quarter was mainly due to a new sales policy that has stimulated the enthusiasm of sales representatives and resulted in the increased sales of products. KUN is a manufacturer of pharmaceutical, nutritional supplement and cosmetic products.
Biostar Pharmaceuticals (BSPM) remains explosive. Shares advanced 6.24% and reached a resistance of $4.60. If the stock can break above $4.60 in the following sessions, the next resistance is located at $4.75. The continuous rise is partially contributed by articles issued at TheStreet.com regarding Biostar Pharmaceuticals having potential to uplist to Nasdaq. Changyou.com (CYOU), a Chinese online gaming stock, broke through resistance at 50-day moving average to close at $33 level, a gain of 5.66%. The company announced that it is going to report its first quarter 2010 financial results on April 26, 2010. Analysts were forecasting earnings of $0.73 per share and revenues of $72.33 million for the quarter.
China Agritech (CAGC) continues to be on the top losers list. The stock plunged 8.21% or -$1.70 on strong volume of 3.02 million shares, more than 45% of the float. The stock was closed at $19.00, well below its rising 50-day moving average. Shares of Songzai International Holding Group (SGZH), a Chinese coal stock, have been volatile lately, moving down 3.81% at $10.10. This is a relatively thin volume stock with a 3-month average volume of only 15,000 shares. In the end of last month, Songzai international filed a late filing notification on Form 10-K for the 2009 fiscal year. The reason for the delay was reported as that the company did not receive a final report from its mining and geologic consultant with adequate time to complete the report.
Shares of Melco Crown Entertainment (MPEL) gave back the previous gains, shedding 2.28% on average trading volume. China Advanced Construction Materials Group (CADC) shares went down 2.21% accompanied by light volume. The stock is recently traded in a range of $4.75 and $5.75. Shares of AgFeed Industries (FEED), engaging in the animal nutrition and commercial hog production business, pulled back from previous gains and close at $4.63 or 2.11% lower. The company today announced that it has agreed to invest in a hog production project in conjunction with Xinyu City in Jiangxi Province. The initial phase of the project will encompasses an investment of $18 million and will begin in May 2010. The Xinyu complex is expected to have annual production capacity of up to 600,000 hogs.
| TOP GAINERS |
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Asia Cork Inc (AKRK) |
0.55 |
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0.08 / + 17.02% |
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China Shenghuo Pharma (KUN) |
0.95 |
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0.13 / + 15.85% |
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Biostar Pharmaceuticals, Inc. (BSPM) |
4.60 |
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0.27 / + 6.24% |
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Changyou.com Limited (CYOU) |
33.51 |
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1.80 / + 5.68% |
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Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) |
10.72 |
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0.56 / + 5.51% |
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| TOP LOSERS |
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China Agritech Inc. (CAGC) |
19.00 |
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1.70 / - 8.21% |
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US China Mining Group Inc. (SGZH) |
10.10 |
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0.40 / - 3.81% |
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China Organic Agricultr (CNOA) |
0.72 |
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0.02 / - 2.70% |
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Melco Crown Entertainment Ltd. (MPEL) |
5.15 |
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0.12 / - 2.28% |
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China Advanced Construction Materials Group, Inc. (CADC) |
5.30 |
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0.12 / - 2.21% |
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Wednesday, April 14, 2010
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 AgFeed Industries, Inc. (FEED) files 8-K - Current report. NEW YORK, April 14, 2010 AgFeed Industries, Inc. (Nasdaq: FEED, NYSE Alternext: ALHOG - News), one of the largest independent hog production and animal nutrient companies in China, today announced that it has agreed to invest in a hog production project in conjunction with Xinyu City in Jiangxi province. The two-year project encompasses the building of 5 western model hog farms, totaling 25,000 sows. The initial phase of the project will encompass an investment of $18 million to build two 5,000 head sow farms, one 200 head boar stud farm and one 2,600 head multiplier facility. Upon completion the first phase of this complex shall have an annual hog production capacity approaching 230,000.
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 Yanzhou Coal Mining Co. Ltd. (YZC) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. The board of directors (the “Board”) of Yanzhou Coal Mining Company Limited (the “Company”) hereby announces that a meeting of the Board of the Company will be held at the headquarters of the Company on 23 April 2010, Friday, at 9:00 a.m. for the purpose of, among other matters, considering and announcing: (1) the annual results of the Company and its subsidiaries for the year ended 31 December 2009 and the payment of final dividend; and (2) the operation results of the Company and its subsidiaries for the three months ended 31 March 2010 prepared under the PRC accounting rules and regulations.
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Wednesday, April 14, 2010
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AgFeed Industries, Inc. Announces Major Hog Production Complex.
NEW YORK, April 14 /PRNewswire-Asia/ -- AgFeed Industries, Inc. ( FEED, NYSE Alternext: ALHOG), one of the largest independent hog production and animal nutrient companies in China, today announced that it has agreed to invest in a hog production project in conjunction with Xinyu City in Jiangxi province. The two-year project encompasses the building of 5 western model hog farms, totaling 25,000 sows. The initial phase of the project will encompass an investment of $18 million to build two 5,000 head sow farms, one 200 head boar stud farm and one 2,600 head multiplier facility. Upon completion the first phase of this complex shall have an annual hog production capacity approaching 230,000. |
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 New Energy Systems Group Announces Fourth Quarter and Full Year 2009 Earnings Conference Call. NEW YORK and SHENZHEN, China, April 14 /PRNewswire-Asia-FirstCall/ -- New Energy Systems Group (OTC Bulletin Board: NEWN), today announced that it will host a conference call at 8:00 AM ET on Friday, April 16, 2010 to discuss fourth quarter and full year 2009 financial results. The call will be available on the Company's website at http://www.newenergysystemsgroup.com or by calling (877) 407-8033 for U.S. callers, or (201) 689-8033 for international callers. The conference call will be led by Mr. Fushun Li, Chief Executive Officer.
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 SORL Auto Parts Announces Date of 2010 Annual Meeting of Stockholders. ZHEJIANG, China, April 14 /PRNewswire-Asia-FirstCall/ -- SORL Auto Parts, Inc. (Nasdaq:SORL - News)("SORL" or "the Company"), a leading manufacturer and distributor of commercial vehicle air brake systems and related auto parts in China, announced today that its 2010 annual stockholder meeting will be held at 8:00 PM China Standard Time (UTC +8) on Thursday, May 27, 2010 in the Ruihong Room at The Ruili Business Hotel in Ruian. Stockholders of record as of the close of business on Thursday, April 1, 2010 are entitled to notice of and to vote at the 2010 Annual Meeting.
Proposals to be voted on at the annual meeting are as follows:
(1) To elect seven directors to hold office until the 2011 annual meeting
of stockholders and until their successors are elected and qualified;
(2) To approve an amendment to our Certificate of Incorporation to delete
an anti-takeover provision;
(3) To ratify the appointment of our independent registered public
accounting firm for fiscal year 2010; and
(4) To transact any other matters that properly come before the meeting or
any adjournments or postponements thereof.
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 Yayi International Provides Guidance for New Fiscal 2010 with Increased Sales Contracts Value. TIANJIN, China, April 14 /PRNewswire-Asia-FirstCall/ -- Yayi International Inc., (OTC Bulletin Board:YYIN.ob - News) ("Yayi International" or "the Company"), the first mover and a leading producer and distributor of premium goat milk formula products for infants, toddlers, young children, and adults in the People's Republic of China ("China"), today announced it has provided new guidance for the fiscal year ending March 31, 2011, on the back of stronger than expected growth opportunities.
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|  | The China 100 Stock Index closed Wednesday, April 14, 2010:
1,060.09  14.07 (1.35 %) | | | Asia Cork Inc (AKRK) led the Gainers closing 4/14/2010:
0.55 0.08 (17.02 %)
| | | China Agritech Inc. (CAGC) was the Index biggest loser closing 4/14/2010:
19.00  1.70 (8.21 %)
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| | The China Vesting Large Cap Stock Index (Panda) closed Wednesday, April 14, 2010:
1,082.32 15.89 (1.49 %) | | | Changyou.com Limited (CYOU) led the Index closing 4/14/2010:
33.51 1.80 (5.68 %)
| | | Sina Corp. (SINA) was the Index biggest loser closing 4/14/2010:
38.95 0.44 (1.12 %)
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| | The China Vesting Small and Mid Cap Stock Index (Tiger) closed Wednesday, April 14, 2010:
1,060.45 9.20 (0.88 %) | | | Telestone Technologies Corp. (TSTC) led the Index closing 4/14/2010:
14.36 0.71 (5.20 %)
| | | China Agritech Inc. (CAGC) was the Index biggest loser closing 4/14/2010:
19.00 1.70 (8.21 %)
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| | The China Vesting Undervalued Stock Index (Dragon) closed Wednesday, April 14, 2010:
1,034.32 21.98 (2.17 %) | | | Asia Cork Inc (AKRK) led the Index closing 4/14/2010:
0.55 0.08 (17.02 %)
| | | US China Mining Group Inc. (SGZH) was the Index biggest loser closing 4/14/2010:
10.10 0.40 (3.81 %)
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