China Investment Daily Report

US stocks stabilized while major international stock markets remain under uncertainty



China 100 Stock Index closes 803.09, up up +2.55 (0.32%).

 
 

US stocks stabilized while major international stock markets remain under uncertainty The Federal Reserve Chairman, Ben Bernanke’s speech helped instill confidence in the US stock markets, not so with major international stock indices. Ben Bernanke said that he doesn’t expect the economy to slide into recession, he expects the US recovery to continue, but he acknowledged it is unlikely to be robust.

On the other hand, the 27 countries in the EU committed Tuesday to keep each other’s public finances and to cutting debt by reducing government spending. Debt problems in countries including Greece, Spain and Portugal have raised fears that countries could default on their debt.

Bernanke also said European leaders were taking the right steps to control rising deficits. The euro rose to $1.1986 from near $1.1900 earlier. The euro has become a measure of confidence in Europe's ability to rein its debt.

Almost unaffected by the US events as well as the European crisis, The China 100 stock index closed nearly even 803.09 gaining only 0.32 %. The Panda China Large Cap Stock Index gained 8.44 points to move to 912.51. The Tiger China Small & Mid Cap Stock Index shed 0.14 points to 785.95 and the Dragon China Undervalued Stock Index gained 1.36 points to 717.84.

Investors have turned to China America Holdings, Inc. (CAAH) [0.02, 0.00, +25%] for third time since last Friday; China America Holdings is a U.S. based company within the Dragon China Undervalued Stock Index; establishing presence in China it distributes hydrofluorocarbon refrigerants utilized in a variety of applications, primarily as coolants in automobiles.

China Biologic Products, Inc. (CBPO) [11.01, 0.57, +5.51%] a leading plasma-based biopharmaceutical company in China, today announced that it will present at the Jeffries 2010 Global Life Sciences Conference. The Global Life Sciences Conference is being held June 8 - 11, 2010, at the Grand Hyatt in New York City.

A-Power Energy Generation Systems, Ltd. (APWR) [7.23, 0.35, +5.09%] through its subsidiaries, provides onsite distributed power generation systems and micro power grids for industrial companies primarily in the People’s Republic of China. It designs, constructs, installs, and tests distributed power generation and micro power grids as stand-alone facilities for various customers in the steel, chemical, ethanol, cement, and food industries.

Universal Travel Group (UTA) [7.58, 0.35, +4.84%] recently announced that the Company's Chairwoman and CEO, Ms. Jiangping Jiang, was elected as a committee member in Shenzhen's fifth annual Chinese People's Political Consultative Conference as a representative from the circle of The All-China Women's Federation. American Lorain Corporation (ALN) [2.62, 0.12, +4.80%] is an integrated food manufacturing company, engages in the development, manufacture, and sale of various food products in China and internationally.

China Shenghuo Pharma (KUN) lost $0.05 or 7.14% falling to 0.65 per share. It moves today from yesterday’s gainers list to the top of the losers list. China Direct Industries, Inc. (CDII) [1.14, 0.08, -6.56%] engages in the production and distribution of magnesium, and distributes basic materials in the People’s Republic of China.

China Housing and Land Development, Inc. (CHLN) is for second time this week on the top losers list by losing 6.36% to 2.06 per share. China 3C Group (CHCG) after closing in the top gainers list yesterday today closed the trading session in the red losing 5.88% at 0.32 per share.

Xinyuan Real Estate Company Ltd. (XIN) [2.60, 0.13, -4.76%] a residential real estate developer with a focus on high growth, today announced that the Company did not bid at the June 8, 2010 auction for the 55% of the shares of Jiantou Xinyuan that it does not already own. As a result the stock fell almost 5% catching investors by surprise.

TOP GAINERS
China Biologic Products, Inc. (CBPO) 11.01 0.57 Stock Price Increase 0.57 / + 5.46%
A-Power Energy Generation Systems, Ltd. (APWR) 7.23 0.35 Stock Price Increase 0.35 / + 5.09%
Universal Travel Group (UTA) 7.58 0.35 Stock Price Increase 0.35 / + 4.84%
American Lorain Corporation (ALN) 2.62 0.12 Stock Price Increase 0.12 / + 4.80%
China Security & Surv Techno (CSR) 4.61 0.20 Stock Price Increase 0.20 / + 4.54%
TOP LOSERS
China Shenghuo Pharma (KUN) 0.65 -0.05 Stock Price Decrease 0.05 / - 7.14%
China Direct Industries, Inc. (CDII) 1.14 -0.08 Stock Price Decrease 0.08 / - 6.56%
China Housing and Land Development, Inc. (CHLN) 2.06 -0.14 Stock Price Decrease 0.14 / - 6.36%
China America Holdings, Inc. (CAAH) 0.02 0.00 Stock Price Decrease 0.00 / - 6.25%
China 3C Group (CHCG) 0.32 -0.02 Stock Price Decrease 0.02 / - 5.88%

SEC Filings

Tuesday, June 08, 2010


 

AirMedia Group Inc. (AMCN) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. Beijing, China — June 7, 2010 — AirMedia Group Inc. (“AirMedia”) (Nasdaq: AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today announced the appointment of Qing Xu as Executive President of AirMedia, effective June 7, 2010. “We are very pleased to have Mr. Xu take up a senior executive role in our Company as he is already very familiar with our operations and management. He is one of our founders and has been a member of our board of directors since October 2005. Mr. Xu will leverage his longstanding relationships with state-owned enterprises in China to add further strength to our sales operations. We welcome his increased involvement in the Company and look forward to continue benefiting from his valuable experience,” remarked Herman Guo, chairman and chief executive officer of AirMedia.

 

CDC Corp. (CHINA) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. PHILADELPHIA – May 26, 2010 — CDC Global Services announced today it completed the implementation of Catalyst XPS, a native SAP® cross-carrier packing and shipping product, at Welch Allyn, a leading global manufacturer of medical diagnostic equipment and a complete range of digital and connected solutions. Catalyst XPS helps Welch Allyn manage its small parcel carrier packing and shipping activities with one centralized solution across three sites in the U.S., Mexico, and Brazil. Eventually, Welch Allyn plans to implement Catalyst XPS at more than 10 additional sites globally, including Japan, Canada, Ireland, South Africa, and Australia. After an extensive search, Welch Allyn selected CDC Global Services’ Catalyst consulting business to implement the XPS solution across its global supply chain. Welch Allyn has experienced growth in recent years and recently acquired a channel partner to expand operations in Latin and South America. As part of this acquisition, Welch Allyn determined that it needed to migrate the channel partner’s existing legacy ERP systems to SAP ECC 6.0.

 

ReneSola Ltd. (SOL) files F-3 - Registration statement by foreign private issuers. We have acted as special U.S. counsel to ReneSola Ltd, a British Virgin Islands company (the “Company”), in connection with the Company’s filing with the Securities and Exchange Commission (the “Commission”) of a registration statement on Form F-3, dated June 8, 2010, which incorporates by reference certain documents listed therein (the “Registration Statement”), under the Securities Act of 1933, as amended (the “Act”), relating to the registration of certain securities of the Company (the “Securities”) that the Company may offer and sell from time to time in one or more offerings. The facts, as we understand them, and upon which with your permission we rely in rendering the opinion herein, are set forth in the Registration Statement. In addition, in our capacity as counsel, we have made such legal and factual examinations and inquiries as we have deemed necessary or appropriate. In our examination, we have assumed the accuracy of all information provided to us.

 

Featured News and Commentary

Tuesday, June 08, 2010


 

AirMedia Appoints Qing Xu as Executive President. BEIJING, June 7 /PRNewswire-Asia-FirstCall/ -- AirMedia Group Inc. ("AirMedia") (Nasdaq: AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today announced the appointment of Qing Xu as Executive President of AirMedia, effective June 7, 2010. "We are very pleased to have Mr. Xu take up a senior executive role in our Company as he is already very familiar with our operations and management. He is one of our founders and has been a member of our board of directors since October 2005. Mr. Xu will leverage his longstanding relationships with state-owned enterprises in China to add further strength to our sales operations. We welcome his increased involvement in the Company and look forward to continue benefiting from his valuable experience," remarked Herman Guo, chairman and chief executive officer of AirMedia.

 

China Biologic Products to Present at Jeffries 2010 Global Life Sciences Conference. TAI'AN, China, June 8 /PRNewswire-Asia-FirstCall/ -- China Biologic Products, Inc. (Nasdaq: CBPO) ("China Biologic," or the "Company"), a leading plasma-based biopharmaceutical company in China, today announced that it will present at the Jeffries 2010 Global Life Sciences Conference, which is being held June 8 - 11, 2010, at the Grand Hyatt in New York City. China Biologic's management is scheduled to present on Friday, June 11, 2010, at 11:00 am ET. Management will be available to meet with institutional investors throughout the day. Please contact Jeffries' institutional sales representative for additional details.

 

CNOOC Ltd's BZ25-1/BZ25-1South Oilfields Back to Full Production. HONG KONG, June 8 /PRNewswire-Asia/ -- CNOOC Limited ("the Company" or "CNOOC Ltd," NYSE: CEO; SEHK: 883) announced today that its BZ25-1/BZ25-1South oilfields, which suspended production due to facility damage caused by strong winds in November 2009, are back into production.

 

China Mobile Limited 2009 Annual Report on Form 20-F Filed with the SEC. HONG KONG, June 7 /PRNewswire-Asia-FirstCall/ -- China Mobile Limited (the "Company") (HKEx: 941) (NYSE: CHL) announced today that it has filed its Annual Report on Form 20-F for the year ended December 31, 2009 (the "2009 Form 20-F") with the U.S. Securities and Exchange Commission.

 

China Sky One Medical Receives R&D Support from Harbin Municipal Government. HARBIN, China, June 8 /PRNewswire-Asia-FirstCall/ -- China Sky One Medical, Inc. ("China Sky One Medical" or "the Company") (Nasdaq: CSKI), a leading fully integrated pharmaceutical company in the People's Republic of China ("PRC"), today announced that Mr. Guozhang Cong, the Vice Mayor of Harbin, and other municipal government officials visited the Company's headquarters. During the visit, Mr. Yanqing Liu, Chairman and CEO of China Sky One Medical, provided an update on the advances in the Company's pipeline of breakthrough drugs, including the development status of a Class 1 anti-cancer class drug. Mr. Liu also reviewed the status of the Company's application process for the National Bio-medicine Innovation Base and the National Breakthrough Drug Project.

 

GigaMedia's Everest Poker and BetClic Poker Receive French Licenses. HONG KONG, June 8 /PRNewswire-Asia-FirstCall/ -- GigaMedia Limited (Nasdaq: GIGM) today announced that its Everest Poker and BetClic Poker operations, jointly owned with Mangas Gaming, received online poker licenses as part of the first grant of licenses in France. Everest Poker and BetClic Poker accounted for two of the seven licenses granted in the initial approvals. Everest Poker and BetClic Poker expect to begin French operations in late June 2010. Mangas Gaming is jointly owned by the Lov Group of famed media executive Stephane Courbit -- and SBM -- the Societe des Bains de Mer de Monaco, controlled by the Principality of Monaco. SBM is the owner of the world renowned Monte Carlo Casino in Monaco. Mangas Gaming is a leader in European gambling with operations including BetClic, Expekt, and Bet-at-Home, together offering sports betting, poker and casino services to over four million registered users in over 25 countries.

 

Longtop to Provide Internet Banking Solution for Enterprise Customer. HONG KONG, June 8 /PRNewswire-Asia/ -- Longtop Financial Technologies Limited ("Longtop") (NYSE: LFT), a leading software developer and solutions provider targeting the financial services industry in China, today announced that it has won a bid to provide an internet banking solution for an enterprise customer in the electrical appliances manufacturing industry. Under the terms of the contact, Longtop will deploy its E@able eBanking solution for the customer's financial subsidiary. The internet banking platform will serve as a unified service portal accessible to the customer's member companies, suppliers and distributors to facilitate the settlement and payment among them.

 

Air Products Building World Class Hydrogen Plant in China. LEHIGH VALLEY, Pa., June 8 /PRNewswire-FirstCall/ -- Air Products (NYSE: APD), the leading global hydrogen provider to refineries, today announced that its joint venture company based in Sichuan, China has signed a long-term agreement to build a hydrogen production facility for PetroChina Company Limited, one of the largest oil and gas companies in the world. It is the first time that a state-owned refinery in China has outsourced its hydrogen requirements. The steam methane reformer (SMR) will produce hydrogen and syngas to support PetroChina's Sichuan refinery and petrochemical facilities. The facility will produce over 90 million standard cubic feet per day of hydrogen and is targeted to be on stream in early 2012.

 

RINO Engages Brunswick for Investor Relations Services. DALIAN, China, June 8 /PRNewswire-Asia-FirstCall/ -- RINO International Corporation (the "Company" or "RINO") (Nasdaq: RINO), a leading provider of clean technology solutions to China's iron and steel industry, announced today that it has retained Brunswick Group LLP ("Brunswick"), for its investor and financial public relations services. Brunswick is an international corporate communications partnership that helps businesses and other organizations address communications and reputation management issues.

 

Xinyuan Real Estate Co. Announces Update Regarding Jiantou Xinyuan Joint Venture. BEIJING, June 8 /PRNewswire-Asia/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN), a residential real estate developer with a focus on high growth, strategic Tier II cities in China, today announced that the Company did not bid at the June 8, 2010 auction for the 55% of the shares of Jiantou Xinyuan that it does not already own. As previously disclosed, on September 25, 2009, the Company, through its indirectly wholly-owned subsidiary enterprise, entered into an agreement with the two other joint venture partners, or the sellers, to acquire from them their 55% equity interest. As the Sellers are state-owned enterprises, the proposed acquisition of shares was deemed a transfer of state-owned assets which requires a public listing and auction process. After taking into consideration, among other factors, the timing of the auction and the potential cash flow impact on Jiantou Xinyuan of completing the acquisition at the present time, management believed that it was not in the Company's best interest to bid in the auction at the current time. Following completion of the auction and based on the auction results, the Company will re-evaluate its options with respect to Jiantou Xinyuan, including but not limited to, maintaining the joint venture, pursuing a new auction process, or liquidating Jiantou Xinyuan in the future.

 

Yingli Green Energy Unveils High-Efficiency Monocrystalline Panda Module at Intersolar Trade Shows. N-type Monocrystalline Cell with Average Efficiency Higher than 18.5% Expected to Start Commercialization on 300MW Manufacturing Lines from Third Quarter 2010; TUV Certificates Obtained BAODING, China, June 8 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which holds the brand "Yingli Solar," today announced that it will introduce its new high-efficiency N-type monocrystalline modules under the brand name "Yingli Solar Panda" at this year's Intersolar Trade Shows in Munich from June 9 to 11 and in San Francisco from July 13 to 15. The Company expects to start commercialization of this new generation of modules on its 300 MW monocrystalline silicon-based manufacturing lines at its Baoding headquarters in the third quarter of 2010. The modules have earned TUV certificates.

Get China Stock Picks and China Stock News
China 100 Stock Index
The China 100 Stock Index closed Tuesday, June 08, 2010:
801.84 1.31 Stock Price Increase1.31 (0.16 %)
China Biologic Products, Inc. (CBPO) led the Gainers closing 6/8/2010:
11.01 0.57 Stock Price Increase0.57 (5.46 %)

China Shenghuo Pharma (KUN) was the Index biggest loser closing 6/8/2010:
0.65 0.05 Stock Price Decrease0.05 (7.14 %)

 

China Large Cap Stock Index
The China Vesting Large Cap Stock Index (Panda) closed Tuesday, June 08, 2010:
912.53 8.46 Stock Price Increase8.46 (0.94 %)
CNOOC Ltd. (CEO) led the Index closing 6/8/2010:
155.15 5.14 Stock Price Increase5.14 (3.43 %)

Perfect World Co., Ltd. (PWRD) was the Index biggest loser closing 6/8/2010:
22.68 0.67 Stock Price Decrease0.67 (2.87 %)

 

China Mid and Small Cap Stock Index
The China Vesting Small and Mid Cap Stock Index (Tiger) closed Tuesday, June 08, 2010:
785.93 0.14 Stock Price Decrease0.14 (0.02 %)
China Biologic Products, Inc. (CBPO) led the Index closing 6/8/2010:
11.01 0.57 Stock Price Increase0.57 (5.46 %)

China Direct Industries, Inc. (CDII) was the Index biggest loser closing 6/8/2010:
1.14 0.08 Stock Price Decrease0.08 (6.56 %)

 

China Undervalued Stock Index
The China Vesting Undervalued Stock Index (Dragon) closed Tuesday, June 08, 2010:
712.84 3.64 Stock Price Decrease3.64 (0.51 %)
American Lorain Corporation (ALN) led the Index closing 6/8/2010:
2.62 0.12 Stock Price Increase0.12 (4.80 %)

China Shenghuo Pharma (KUN) was the Index biggest loser closing 6/8/2010:
0.65 0.05 Stock Price Decrease0.05 (7.14 %)