China Investment Daily Report

Euro crisis slowing China's economy



China 100 Stock Index closes 857.98, up up +13.97 (1.65%).

 
 

Euro crisis slowing China's economy The euro was down 0.29 percent at $1.2269, after having fallen to a four-year low against the dollar at $1.2112, its lowest since April 2006 which suggests that the euro zone's debt crisis is spreading to its banking system. Concerns over another crisis in the banking sector were compounded by data signaling slowing manufacturing growth in Europe and China.

After May marked the most volatile month of trading, investors focused on concerns that growth would slow in a euro zone struggling to rein in debt, in turn reducing demand for exports from economies like China, slowing production there. A survey showed the pace of China's factory output eased last month. China's PMI, an indicator of factory activity, compiled by the China Federation of Logistics and Purchasing, fell to 53.9 in May from 55.7 in April, close to analysts forecasts of 54.0, however, it stood above the threshold of 50 that separates expansion from contraction for the 15th consecutive month.

A good day for the three indices that form the China 100 stock index. With a notable improvement of a slew of their stocks the three categories closed green the second day of June. Together reported a gain of 1.65% for the China 100 stock index. The Panda China Large Cap Stock Index gained 2.31%. The Tiger China Small & Mid Cap Stock Index gained 1.87% to 852.66 and the same way the Dragon China Undervalued Stock Index gained 0.65% to 766.54.

Leading the list of the stocks that closed green today is Asia Cork Inc (AKRK) [0.36, 0.03, +9.09] a manufacturer of cork-based environmentally-friendly building materials for the Chinese and international building industry. The company announced revenues for the first quarter of 2010 increased 302% to approximately 3.6 million as compared to approximately 902,504 in the first quarter of 2009. The company reported net income of approximately 210,050 as compared to a loss of (113,541) a year earlier.

ReneSola Ltd. (SOL) a company rated between the top ten best solar stocks gained today 7.85% to be the second stock with best performance today in the China 100 stock Index. Closing green in the third position is China Sky One Medical, Inc. (CSKI) [12.89, 0.90, +7.51] a leading fully integrated pharmaceutical company in China, today announced that its wholly owned subsidiaries have been recognized as Heilongjiang's Model Companies by the Heilongjiang Provincial Government.

China Pharma Holdings, Inc. (CPHI) one of the top losers yesterday, improved its performance today to be positioned between the top gainers closing at 2.92. AirMedia Group Inc. (AMCN) reported 165.5 million in sales over the past 12 months and is expected to report 289.2 million in sales in the next fiscal year, today closed at the bottom of the top 5 gainers with 6.49% gained.

China America Holdings, Inc. (CAAH) a distributor of hydrofluorocarbon, closed red losing 16.67% to 0.02 leading the top losers list today. Yuhe International, Inc. (YUII) announced in a regulatory filing that the company may offer up to 40 million of common stock from time to time in one or more offerings and that any net proceeds will be used for capital expenditures, possible future acquisitions, and general corporate and working capital purposes, today its shares closed red at 8.57.

China Mass Media Corp. (CMM) an independent television advertising company in the People´s Republic of China closed today losing 4.35%. China Kangtai Cactus Bio (CKGT) announced today that revenue for the first quarter ended March 31, 2010 increased 66% to 5.5 million from 3.3 million in the first quarter of 2009. Adjusted net income was up 20.5% to 836,723 or 0.04 per share, closing today red at 1.56.

Repeating in the list of top losers from yesterday is Yayi International (YYIN) that closed today at 1.55. Yayi International is the first mover and a leading producer and distributor of premium goat milk formula products for infants, toddlers, young children and adults in China.

TOP GAINERS
Asia Cork Inc (AKRK) 0.36 0.03 Stock Price Increase 0.03 / + 9.09%
ReneSola Ltd. (SOL) 5.91 0.43 Stock Price Increase 0.43 / + 7.85%
China Sky One Medical, Inc. (CSKI) 12.89 0.90 Stock Price Increase 0.90 / + 7.51%
China Pharma Holdings, Inc. (CPHI) 2.92 0.19 Stock Price Increase 0.19 / + 6.96%
AirMedia Group Inc. (AMCN) 4.10 0.25 Stock Price Increase 0.25 / + 6.49%
TOP LOSERS
China America Holdings, Inc. (CAAH) 0.02 0.00 Stock Price Decrease 0.00 / - 14.58%
Yuhe International, Inc. (YUII) 8.57 -0.46 Stock Price Decrease 0.46 / - 5.09%
China Mass Media Corp. (CMM) 1.80 -0.08 Stock Price Decrease 0.08 / - 4.26%
China Kangtai Cactus Bio (CKGT) 1.53 -0.05 Stock Price Decrease 0.05 / - 3.16%
Yayi International (YYIN) 1.55 -0.05 Stock Price Decrease 0.05 / - 3.13%

SEC Filings

Wednesday, June 02, 2010


 

Yuhe International, Inc. (YUII) files S-3 - Registration statement under Securities Act of 1933. We are acting as special Nevada counsel for Yuhe International, Inc., a Nevada corporation (the “Company”), in connection with the Registration Statement on Form S-3 (the “Registration Statement”) filed by the Company with the Securities and Exchange Commission (the “Commission”), including the prospectus included therein (the “Prospectus”), relating to the registration of common stock, par value $0.001 per share, (the “Common Stock”) of the Company having an aggregate initial public offering price of up to U.S. $40,000,000 or the equivalent thereof in one or more foreign currencies, foreign currency units or composite currencies. The Common Stock is sometimes referred to herein as the "Securities." We have reviewed and are familiar with such corporate proceedings and other matters as we have deemed necessary for this opinion. In rendering the opinions set forth below, we have assumed that (i) all information contained in all documents reviewed by us is true and correct; (ii) all signatures on all documents examined by us are genuine; (iii) all documents submitted to us as originals are authentic and all documents submitted to us as copies conform to the originals of those documents; (iv) each natural person signing any document reviewed by us had the legal capacity to do so; (v) the Registration Statement, and any amendments thereto (including post-effective amendments) will have become effective and comply with all applicable laws; (vi) a prospectus supplement will have been prepared and filed with the Commission describing the Securities offered thereby; (vii) all Securities will be issued and sold in compliance with applicable federal and state securities laws and in the manner stated in the Registration Statement and the

 

China Architectural Engineering, Inc. (CAEI) files 10-K/A [Amend] - Annual report [Section 13 and 15(d), not S-K Item 405]. In connection with the report of China Architectural Engineering, Inc. (the “Company”) on Form 10-K/A for the period ending December 31, 2009 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned, in the capacities and on the dates indicated below, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge: (1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

GigaMedia Ltd. (GIGM) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. HONG KONG, May 27, 2010 — GigaMedia Limited (NASDAQ: GIGM) today announced that its IAHGames operation has partnered with Blizzard Entertainment, Inc., to bring StarCraft® II: Wings of Liberty™ to Southeast Asia. StarCraft® II: Wings of Liberty™ is the highly anticipated sequel to Blizzard Entertainment’s 1998 hit StarCraft, which has been hailed by players and critics worldwide as one of the top real-time strategy games of all time; the game will be available on July 27, 2010. “We are honored and excited to partner with Blizzard Entertainment, renowned for providing the best entertainment to gamers,” stated GigaMedia Limited Chief Executive Officer Arthur Wang. “Blizzard games are loved worldwide, and especially in Southeast Asia, where — for the first time — we will have local servers and local support.”

 

Shanda Interactive Entertainment Ltd. (SNDA) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. Shanghai, China—June 2, 2010—Shanda Interactive Entertainment Limited (NasdaqGS: SNDA), or Shanda, a leading interactive entertainment media company in China, today announced its unaudited consolidated financial results for the first quarter ended March 31, 2010.

 

Get China Stock Picks and China Stock News
fresh vending machines
China 100 Stock Index
The China 100 Stock Index closed Wednesday, June 02, 2010:
858.37 14.37 Stock Price Increase14.37 (1.70 %)
Asia Cork Inc (AKRK) led the Gainers closing 6/2/2010:
0.36 0.03 Stock Price Increase0.03 (9.09 %)

China America Holdings, Inc. (CAAH) was the Index biggest loser closing 6/2/2010:
0.02 0.00 Stock Price Decrease0.00 (14.58 %)

 

China Large Cap Stock Index
The China Vesting Large Cap Stock Index (Panda) closed Wednesday, June 02, 2010:
952.87 22.28 Stock Price Increase22.28 (2.39 %)
E-House (China) Holdings Limited (EJ) led the Index closing 6/2/2010:
14.81 0.72 Stock Price Increase0.72 (5.11 %)

Suntech Power Holdings (STP) was the Index biggest loser closing 6/2/2010:
9.73 0.12 Stock Price Decrease0.12 (1.22 %)

 

China Mid and Small Cap Stock Index
The China Vesting Small and Mid Cap Stock Index (Tiger) closed Wednesday, June 02, 2010:
852.65 15.63 Stock Price Increase15.63 (1.87 %)
ReneSola Ltd. (SOL) led the Index closing 6/2/2010:
5.91 0.43 Stock Price Increase0.43 (7.85 %)

Yuhe International, Inc. (YUII) was the Index biggest loser closing 6/2/2010:
8.57 0.46 Stock Price Decrease0.46 (5.09 %)

 

China Undervalued Stock Index
The China Vesting Undervalued Stock Index (Dragon) closed Wednesday, June 02, 2010:
767.28 3.42 Stock Price Increase3.42 (0.45 %)
Asia Cork Inc (AKRK) led the Index closing 6/2/2010:
0.36 0.03 Stock Price Increase0.03 (9.09 %)

China America Holdings, Inc. (CAAH) was the Index biggest loser closing 6/2/2010:
0.02 0.00 Stock Price Decrease0.00 (14.58 %)