China Investment Daily Report

China's exports grew 50 percent in May



China 100 Stock Index closes 806.25, up up +4.42 (0.55%).

 
 

China's exports grew 50 percent in May Contrary to yesterday, US stocks fell today while major international stock markets soar. China’s exports report boosted global markets to a rally; China's exports grew 50 percent in May from a year earlier; the official data is scheduled to be reported on Thursday.

On Wall Street, most of the trading session was influenced by the upbeat news received from China, but in a late-day slide, stocks dropped because of fears that the oil spill in the Gulf of Mexico will send BP into bankruptcy court. BP could be forced to seek bankruptcy protection in about a month as it has lost almost 16 percent so far.

Despite Chinese export figures The China 100 stock index only gained 0.55% today, clearly affected by the general sentiment in Wall Street. The Panda China Large Cap Stock Index gained 2.38 points to 914.20. The Tiger China Small & Mid Cap Stock Index closed at 0.68% at 791.28 and after four sessions reporting losses, the Dragon China Undervalued Stock Index gained 4.86 points to close at 717.65.

SinoHub, Inc. (SIHI) a rapidly growing electronics company in the People's Republic of China today gained 7.28% to close at 2.80 per share. China Shenghuo Pharma (KUN) is back in the gainers list after being yesterday’s biggest loser, today closed with a gain of 6.15% at 0.69 per share.

China 3C Group (CHCG) closed today at 0.34 per share gaining 5.92% to be also back in the gainers list after a poor performance yesterday. The last in the top 5 gainers list is Yayi International (YYIN) trading at 1.75 per share at the end of the session. Yayi International recently appointed Bao Zhou as the new marketing director of the company.

Today’s worst stock performer is Asia Cork Inc (AKRK) losing 17.65% followed by NF Energy Saving Corp (NFEC) closed with a loss of 5.28%. Next loser The9 Limited (NCTY) [3.92, 0.18, -4.39%] is currently below its 50-day moving average of $5.95 and below its 200-day moving average of $7.15.

China's top Internet search company Baidu, Inc. (BIDU) [67.40, 3.09, -4.38%] aims to raise its share of China's PC and mobile search market to 79 percent next year, a senior executive said on Tuesday, helped by a Google retreat. Baidu is currently above its 50-day moving average of $67.30 and above its 200-day moving average of $49.33. Tiens Biotech Group USA Inc. (TBV) a producer of nutrition supplement products closed in the red at 1.76 per share.

China Direct Industries (CDII) announced today it will be hosting the Gateway to China Business Roundtable Conference, an event designed to bring together a Chinese delegation, key international organizations and international business leaders to identify opportunities for inbound and outbound investments, partnerships, joint ventures and business opportunities between China, North America, and South America.

TOP GAINERS
SinoHub, Inc. (SIHI) 2.80 0.19 Stock Price Increase 0.19 / + 7.28%
China 3C Group (CHCG) 0.34 0.02 Stock Price Increase 0.02 / + 6.25%
China Shenghuo Pharma (KUN) 0.69 0.04 Stock Price Increase 0.04 / + 6.15%
Yayi International (YYIN) 1.75 0.09 Stock Price Increase 0.09 / + 5.42%
China Housing and Land Development, Inc. (CHLN) 2.17 0.11 Stock Price Increase 0.11 / + 5.34%
TOP LOSERS
Asia Cork Inc (AKRK) 0.28 -0.06 Stock Price Decrease 0.06 / - 17.65%
NF Energy Saving Corp (NFEC) 2.51 -0.14 Stock Price Decrease 0.14 / - 5.28%
The9 Limited (NCTY) 3.92 -0.18 Stock Price Decrease 0.18 / - 4.39%
Baidu, Inc. (BIDU) 67.40 -3.09 Stock Price Decrease 3.09 / - 4.38%
Tiens Biotech Group USA Inc. (TBV) 1.76 -0.06 Stock Price Decrease 0.06 / - 3.30%

SEC Filings

Wednesday, June 09, 2010


 

China Armco Metals, Inc. (CNAM) files 8-K - Current report. SAN MATEO, CA--(June 9, 2010) - China Armco Metals, Inc. (NYSE AMEX: CNAM), a distributor of imported metal ore and metal recycler with a new state of the art scrap metal recycling facility in China, today announced that has agreed to Acquire up to a 19.9% stake in Apollo Minerals, Ltd. (“Apollo”), an Australian iron ore exploration company, for approximately U.S. $3.6 million in cash. Apollo is an Australian iron ore exploration company listed on the Australian Securities Exchange (ASX:AON). Apollo owns the exploration rights of two mineral tenements at Mount Oscar in the Pilbara region of Western Australia, containing a significant iron ore deposit. The Mount Oscar Project is located about 25 kilometers south of the Cape Lambert Iron Ore Project which delivered resource estimates of 1.5 billion tons of 31.2% iron ore that was sold in July 2008 to China Metallurgical Group Corporation (MCC) for over U.S. $300 million. Apollo's tenements are believed to contain a similar quality of iron ore as found at Cape Lambert. Geophysical models compiled by an independent consultant, Southern Geoscience Consultants, have estimated a total global tonnage of 800 million tons of iron ore between surface and a depth of 250 meters. Apollo intends to use the cash infusion to advance its exploration activities, to carry out processing option studies and to evaluate opportunities to access local infrastructure and other project opportunities.

 

China Organic Agricultr (CNOA) files 8-K - Current report. China Organic Agriculture, Inc. (OTC Bulletin Board: CNOA) ("China Organic Agriculture" or the "Company"), headquartered in Liaoning Province, China and engaged in the trading and distribution of agricultural products, today announced the election effective June 9, 2010 of Mr. Kyle Jiang as its new Chairman, and Mr. Qian Qi as its new Chief Executive Officer. Mr. Jiang and Mr. Qi replace Mr. Jingsong Li, who is no longer with China Organic Agriculture, as Chairman and Chief Executive Officer. From June 2007 to November 2009, Mr. Jiang served as Banking Investment Director at Shenzhen Careall Capital Investment. He was in charge of a variety of significant investment projects, including the $18 million fund raising for Bo Run Industrial in Shangdong, and assisted in the acquisitions of Shenzhen Skyrise Technology and China Security & Surveillance Technology, and the capital restructuring of SiKeDa. Mr. Jiang’s extensive experience in capital markets has enabled him to build strong relationships with private equity firms, venture capital and investment firms, banks and law firms.

 

Synutra International Inc. (SYUT) files 8-K - Current report. Qingdao, China and Rockville, Md. – June 9, 2010 -- Synutra International, Inc. (NASDAQ: SYUT), a leading infant formula company in China and a producer, marketer and seller of nutritional products for infants, children and adults, today announced financial results for the fourth quarter and fiscal year ended March 31, 2010. Fourth Quarter Fiscal 2010 Financial Highlights Net sales up 13.4% to $82.4 million from $72.7 million in the prior year period Gross profit increased 69.1% to $38.9 million from $23.0 million in the prior year period Gross margin up substantially to 47.2% from 31.7% in the prior year period Operating income increased to $11.8 million from an operating loss of $19.4 million in the prior year period Net income increased to $9.1 million, or $0.17 per diluted share, from a net loss of $17.2 million, or ($0.32) per diluted share, in the prior year period.

 

Featured News and Commentary

Wednesday, June 09, 2010


 

China TransInfo Awarded Electronic Toll Collection Beta Contracts Totaling RMB 4.5 Million. BEIJING, June 9 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology Corp., (Nasdaq: CTFO), ("China TransInfo" or the "Company"), a leading provider of intelligent transportation systems for highway and urban transportation management in China, announced today that the Company was recently awarded electronic toll collection ("ETC") beta contracts totaling RMB 4.5 million (approximately USD $0.7 million) in Jiangsu Province, Shaanxi Province and Tianjin Municipality. According to the contracts, China TransInfo will provide roadside ETC antennas for four roads in Shaanxi Province, six roads in Tianjin Municipality and 18 roads in Jiangsu Province. These antennas will be installed near highway toll stations to electronically deduct toll fees from cars with onboard electronic tags without requiring cars to stop or slow down.

 

Synutra Reports Financial Results for the Fourth Quarter and Full Year Fiscal 2010. QINGDAO, China and ROCKVILLE, Md., June 9 /PRNewswire-Asia/ -- Synutra International, Inc. (Nasdaq: SYUT), a leading infant formula company in China and a producer, marketer and seller of nutritional products for infants, children and adults, today announced financial results for the fourth quarter and fiscal year ended March 31, 2010. Fourth Quarter Fiscal 2010 Financial Highlights Net sales up 13.4% to $82.4 million from $72.7 million in the prior year period Gross profit increased 69.1% to $38.9 million from $23.0 million in the prior year period Gross margin up substantially to 47.2% from 31.7% in the prior year period Operating income increased to $11.8 million from an operating loss of $19.4 million in the prior year period Net income increased to $9.1 million, or $0.17 per diluted share, from a net loss of $17.2 million, or ($0.32) per diluted share, in the prior year period

Get China Stock Picks and China Stock News
China 100 Stock Index
The China 100 Stock Index closed Wednesday, June 09, 2010:
805.15 3.30 Stock Price Increase3.30 (0.41 %)
SinoHub, Inc. (SIHI) led the Gainers closing 6/9/2010:
2.80 0.19 Stock Price Increase0.19 (7.28 %)

Asia Cork Inc (AKRK) was the Index biggest loser closing 6/9/2010:
0.28 0.06 Stock Price Decrease0.06 (17.65 %)

 

China Large Cap Stock Index
The China Vesting Large Cap Stock Index (Panda) closed Wednesday, June 09, 2010:
914.92 2.39 Stock Price Increase2.39 (0.26 %)
Trina Solar Ltd. (TSL) led the Index closing 6/9/2010:
16.40 0.72 Stock Price Increase0.72 (4.59 %)

Baidu, Inc. (BIDU) was the Index biggest loser closing 6/9/2010:
67.40 3.09 Stock Price Decrease3.09 (4.38 %)

 

China Mid and Small Cap Stock Index
The China Vesting Small and Mid Cap Stock Index (Tiger) closed Wednesday, June 09, 2010:
791.31 5.38 Stock Price Increase5.38 (0.68 %)
China Housing and Land Development, Inc. (CHLN) led the Index closing 6/9/2010:
2.17 0.11 Stock Price Increase0.11 (5.34 %)

The9 Limited (NCTY) was the Index biggest loser closing 6/9/2010:
3.92 0.18 Stock Price Decrease0.18 (4.39 %)

 

China Undervalued Stock Index
The China Vesting Undervalued Stock Index (Dragon) closed Wednesday, June 09, 2010:
713.15 0.31 Stock Price Increase0.31 (0.04 %)
SinoHub, Inc. (SIHI) led the Index closing 6/9/2010:
2.80 0.19 Stock Price Increase0.19 (7.28 %)

Asia Cork Inc (AKRK) was the Index biggest loser closing 6/9/2010:
0.28 0.06 Stock Price Decrease0.06 (17.65 %)