China Investment Daily Report

Universal Travel Group (UTA) flies through its 50 DMA



China 100 Stock Index closes 1,030.97, DOWN down -13.43 (1.29%) . Focus Media Holding (FMCN) leads Tiger Mid/Small Cap Index up +0.89 (5.12%) . Orient Paper(ONP) was the biggest loser of Tiger Mid/Small Cap Index -1.19 (12.47%) .

 
 

During today’s trading, shares of Lihua International went up on positive earnings but A-Power Energy Generation System crashed on below expected financial results. Universal Travel Group surged on positive acquisition completion news while Orient Paper fell after announcement of pricing for public offering of 3 million shares. Asia Cork yesterday filed a form notifying its annual report will be submitted late and Tiens Biotech Group today too filed a late submission notification. The Tiger Mid/Small Cap Index fell hard largely due to Orient Paper who suffered a loss of 12.47%.

Shares of Lihua International (LIWA), a copper replacement products manufacturer, rose +$0.33 or +3.73% after positive earnings were released. The company reported sales for the fourth quarter increased +367% year-over-year to $51.3 million while net income increased +275% to $7.3 million, or 0.30 per share. For full year 2009, sales surged +223% to $161.5 million and net income was $16.8 million, or $0.88 per share, an increase of +43% from last year. For full year 2010, Lihua is targeting gross profit of $47.1 million to $48.9 million, representing a growth rate of 30%-35%. The company also expects to have a non-GAAP net income of $34.6 million to $35.8 million, an increase of35-40% year-over-year. Gross profit and non-GAAP net income in 2009 were $36.2 million and $25.6 million, or $1.34 per diluted share. LIWA is a relatively thin volume stock with a 3-month average volume of 370,000 shares. At market close, shares were traded at 1.12 million shares, or 11.06% of the float.

A-Power Energy Generation System (APWR) slumped on below expected earnings results and a weak outlook, closing with a huge loss of $-1.34 or -11.12% and hitting a 5-month low of $10.35 in nearly 3 times average trading volume. Revenues in the 2009 fourth quarter were reported as $125.9 million, an increase of +54.6% from $81.4 million in the same period of 2008. Net loss for the fourth quarter was -$23.9 million, or -$0.69 per diluted share, compared to a net income of $10.0 million, or $0.30 per diluted share for the same quarter a year ago. For the full year 2009, net revenues increased +17.5% year-over-year to $311.3 million while net loss was -$16.7 million compared to a net income of $28.5 million in 2008. For fiscal year 2009, the company is expecting net sales to be approximately $380 million and net income to be $45 million, implying growth rates of 22.07% and 369.46%, respectively.

Universal Travel Group (UTA) today announced that the company has completed previously announced acquisitions and also provided guidance for full year 2010, sending shares up +$0.39 or +4.10%. As a result of the synergy from acquisitions, the company expects to achieve a growth rate range of 45% -55% in both revenues and net income. The stock broke above its 50-day moving average of $9.64. Orient Paper (ONP), as the biggest loser of the day, lost ground and dipped -$1.19 or -12.47% after the company announced pricing of a public offering of 3 million shares of common stock before the market opened. According to the release, Orient Paper has granted the underwriter a 45-day option to purchase up to an additional 450,000 shares of common stock. The shares were offered to the public at $8.25 per share. The offering is expected to settle and close on April 6, 2010. The net proceeds will be used for general corporate purposes.

Asia Cork (AKRK), a cork-based building materials manufacturer, today climbed back from yesterday’s loss with weak money flow, increasing +$0.02 or +5.12%. Asia Cork yesterday filed a Form 12b-25 notifying the company will be delayed in the filing of its 10-K. Tiens Biotech Group (TBV) gave back more than half of yesterday's gain as the company filed a notification that its annual report will be submitted late. Shares traded down -$0.25 or -8.47% and broke below its 50-day moving average of $2.52. China INSOnline (CHIO) today dropped -$0.05 or -8.13% on average volume. The drop is more of a technical correction. Shares of Focus Media Holdings (FMCN) recovered from previous losses, closing at $18.26 with a gain of +$0.89 or +5.12%. The stock hit a fresh 52-week high of $18.72 on March 17, 2010 due to its positive earnings results

Melco Crown, City of Dreams Casino Melco Crown Entertainment (MPEL) shares slightly regained lost ground, trading up +$0.22 or +4.80%. The company today filed its annual report on Form 20-F for fiscal year 2009. Net revenues in 2009 were reported $1.33 billion, a decreased of 5.9% from $1.42 billion for 2008. Net loss in 2009 was $308.5 million compared to a net loss of $2.5 million in 2008. The increased net loss was mostly due to rising total operating costs and expenses. According to the company, operating costs and expenses were $1.6 billion in 2009, an increase of $160 million or13.4% year-over-year, primarily related to commencement of operation at City of Dreams in June 2009. Melco Crown Entertainment commenced construction of the City of Dreams project in April, 2006. On June 1, 2009, City of Dreams opened featuring a 420,000 sq. ft casiono with approximately 600 hotel rooms.

SinoHub (SIHI) gave back more than half of yesterday’s speculative earning gains despite reporting positive financial results. Shares pulled back to $3.18 per share with a loss of -$0.32 or -9.14%. For the fourth quarter, total revenues advanced 61.6% to $42.8 million from $26.5 million in the same period of 2008 and net income increased 24.5% to $3.7 million from $2.9 million. Gross margin for the fourth quarter of 2009 decreased to 15% from 23.8%. Revenues for the 2009 full year were up 61.6% to $128.4 million from $79.5 million while net income increased 45.8% to $12.4 million from $8.5 million. Gross margins were decreased from 20.4% in 2008 to 17.4% in 2009. The company forecasts revenues of $180 million for fiscal year 2010, representing a growth rate of 40% over 2009. SIHI has a 3-month average volume of 40,000 shares and a float of 13.62 million shares. The stock was traded on 189,000 shares, representing only 1.39% of float.

TOP GAINERS
Asia Cork Inc (AKRK) 0.39 0.02 Stock Price Increase 0.02 / + 5.41%
Focus Media Holding Ltd. (FMCN) 18.26 0.89 Stock Price Increase 0.89 / + 5.12%
Melco Crown Entertainment Ltd. (MPEL) 4.80 0.22 Stock Price Increase 0.22 / + 4.80%
Universal Travel Group (UTA) 9.91 0.39 Stock Price Increase 0.39 / + 4.10%
Lihua International, Inc. (LIWA) 9.18 0.33 Stock Price Increase 0.33 / + 3.73%
TOP LOSERS
Orient Paper Inc. (ONP) 8.35 -1.19 Stock Price Decrease 1.19 / - 12.47%
A-Power Energy Generation Systems, Ltd. (APWR) 10.70 -1.34 Stock Price Decrease 1.34 / - 11.13%
SinoHub, Inc. (SIHI) 3.18 -0.32 Stock Price Decrease 0.32 / - 9.14%
China INSOnline Corp. (CHIO) 0.53 -0.05 Stock Price Decrease 0.05 / - 8.62%
Tiens Biotech Group USA Inc. (TBV) 2.70 -0.25 Stock Price Decrease 0.25 / - 8.47%

SEC Filings

Wednesday, March 31, 2010


 

Orient Paper Inc. (ONP) files 8-K - Current report. On March 31, 2010, Orient Paper, Inc., a Nevada corporation (the “Company”), entered into an underwriting agreement (the “Underwriting Agreement”) with Roth Capital Partners LLC (the “Underwriter”) for the sale of 3,000,000 shares of the Company’s common stock, par value $0.001 per share, for a purchase price of $7.796 per share (net of discounts and commissions), which is 5.5% of the per share public offering price of $8.25 per share. Under the terms of the Underwriting Agreement, the Company has granted the Underwriter an option to purchase up to an additional 450,000 shares of common stock of the Company on the same terms within 45 days from the date of the Underwriting Agreement to cover over-allotments, if any.

 

Orient Paper Inc. (ONP) files 424B5 - Prospectus [Rule 424(b)(5)]. We are selling 3,000,000 shares of our common stock pursuant to this prospectus supplement and the accompanying prospectus. Shares of our common stock are currently traded on the NYSE Amex under the symbol “ONP.” On March 30, 2010, the closing sale price of our common stock was $9.54 per share.

 

SinoHub, Inc. (SIHI) files 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]. Net sales for the year ended December 31, 2009 were $128.4 million, up 62% from $79.5 million recorded in 2008. The Company reports net sales on the basis of two business categories, supply chain management services and electronic component sales (the insignificant amount of VCM sales in 2009 has not been separately disclosed). In the year ended December 31, 2009, net sales of supply chain management services increased 73% to $8.6 million from $5.0 million in 2008. This increase was primarily based on the addition of five manufacturer customers who, we believe, were attracted to SinoHub by our online software system, SinoHub SCM. In the year ended December 31, 2009, net sales of electronic components increased 61% to $119.8 million from $74.5 million in 2008 due primarily to increased sales as our customer base expanded during 2009. We believe that the main driving force behind this increase was the Company’s ability to obtain from its supplier customers better pricing for its manufacturer customers than they were able to achieve on their own. Electronic component sales are made in two ways, individually negotiated sales and sales of components in procurement-fulfillment projects. For the year ended December 31, 2009 individually negotiated sales rose almost 73% from the year of 2008 to $65.9 million and procurement-fulfillment sales rose 42% from the year of 2008 to $45.5 million.

 

Melco Crown Entertainment Ltd. (MPEL) files 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)]. Consolidated net revenues in 2009 were US$1.33 billion, a decrease of US$83.3 million (or 5.9%) from US$1.42 billion for 2008. The decrease in net revenues was driven by a decline in global economic conditions combined with low rolling chip hold percentages at Altira Macau and City of Dreams and was partially offset by the opening of City of Dreams in June 2009 which contributed US$552.1 million in net revenues.

 

Yuhe International, Inc. (YUII) files 8-K - Current report. Weifang, Shandong Province, P.R.C. March 31, 2010 –Yuhe International, Inc. (NASDAQ: YUII) (“Yuhe” or “the Company”), a leading supplier of day-old chickens raised for meat production, or broilers, in the People’s Republic of China (“PRC”), today announced financial results for the fourth quarter and fiscal year ended December 31, 2009. Full Year 2009 Highlights: · Net revenue was $47.2 million, up 30.8% from 2008 pro forma net revenue Gross profit was $16.7 million, up 26.8% from 2008 pro forma gross profit · Operating income was $13.3 million, up 19.9% from 2008 pro forma operating income · Net income reached $12.8 million, up 19.9% from 2008 pro forma net income,

 

American Lorain Corporation (ALN) files 8-K - Current report. JUNAN COUNTY, China, March 29, 2010/ PR Newswire-First Call--American Lorain Corporation (NYSE Amex: ALN) ("American Lorain" or the "Company"), an international processed snack foods, convenience foods, and frozen foods company based in the Shandong Province, China, today announced its fourth quarter and full year financial results for the year ended December 31, 2009. Fourth Quarter 2009 Highlights: * Revenue for the fourth quarter 2009 was $62.9 million, up 11.0% for the quarter. * Operating income was $9.4 million, up 9.1% from the previous year. * Net income was $6.3 million, a decrease of 1.5% versus prior year. * EPS was $0.24 for the quarter ended December 31, 2009 Fiscal Year 2009 Highlights: * Revenue was $146.8 million, up 10.9% from the year ended December 31, 2008; Company results fall in line with preannounced 2009 revenues of $146 million to $148 million. * Operating income was $22.6 million, up 8.0% from the previous year. * Net income was $14.4 million, a decrease of 2.0% versus prior year meeting guidance. * EPS was $0.55

 

China Shenghuo Pharma (KUN) files NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405. Until recently, we lacked sufficient financial resources to commence the preparation of our financial statements for the year ended December 31, 2009, which resulted in a delay in the commencement of our audit. As a result, we are unable to file our Annual Report on Form 10-K in a timely manner without unreasonable effort or expense. We are seeking to file the report within the extension period provided under Rule 12b-25.

 

Yuhe International, Inc. (YUII) files 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]. Net revenue (As reported). Sales revenue increased by $12.6 million, or 36%, to $47.2 million for the year ended December 31, 2009 from $34.6 million for the period from February 1, 2008 to December 31, 2008. Net revenue (Pro forma). Sales revenue increased by $11.1 million, or 30%, to $47.2 million for the year ended December 31, 2009 from $36.1 million for the year ended December 31, 2008. The increase was driven by the increase in sales volume of the Company’s day-old broilers by 33 million birds, or 43%, from 76 million birds for the year ended December 31, 2008 to 109.9 million birds for the year ended December 31, 2009. The increase in sales volume was a result of capacity expansion in 2008 and 2009. The increase in sales volume was partially offset by a decrease in unit selling price. The selling price of day-old broilers decreased slightly from RMB 2.9 per bird for the year ended December 31, 2008 to RMB 2.74, or 5.5%, per bird for the year ended December 31, 2009. The slight decrease in the selling price is primarily due to supply of day old broilers exceeding demand for chicken meat. First, the financial crisis affected the demand of chicken meat and consequently caused a drop in demand for day old broilers in 2009; second, the supply of day old broilers reached a peak point in 2009. Bird flu in 2006 led to a shortage in supply of broilers in 2007, and led to a surge in importing volume of grand parent broilers which reach a peak point in 2007. The output of these grand-parent broilers caused an over supply of day old broilers in 2009.

 

SinoHub, Inc. (SIHI) files 8-K - Current report. SANTA CLARA and SHENZHEN, CHINA, March 31, 2010 – SinoHub, Inc. (NYSE Amex: SIHI), a leading provider of supply chain management services for participants in the electronic components supply chain in China, today reported financial results for the fourth quarter and year ended December 31, 2009 and provided full-year revenue guidance for 2010. Sales – Total revenues for fourth quarter 2009 advanced 61.6% to $42.8 million from $26.5 million for the fourth quarter of 2008. Revenues from electronic component sales, including procurement-fulfillment and spot component sales, increased more than 68.2% to $40.1 million for fourth quarter 2009 from $23.9 million for the same period last year. Revenues from the Company's supply chain management services business were $2.6 million for the 2009 fourth quarter, and flat compared to the fourth quarter of 2008.

 

LDK Solar Co., Ltd. (LDK) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. We, LDK Solar Co., Ltd., have reported our unaudited financial results for the fourth quarter ended December 31, 2009. All financial results are reported in U.S. dollars on a U.S. GAAP basis. Recent Highlights • Fourth quarter 2009 revenue was $304.6 million; • Shipped 340.4 megawatts, or MW, of wafers in the fourth quarter, up 33.8% year-over-year; • Gross margin for the fourth quarter was 9.9%; • Net loss was $7.3 million, or $0.07 per diluted American depositary share, or ADS, for the fourth quarter; • Increased wafer capacity to 1.8 gigawatts, or GW, in 2009; • Sold 15% ownership stake in the polysilicon plant with 15,000 metric ton, or MT, annualized capacity to Jiangxi International Trust and Investment Co., Ltd. for approximately $219.7 million; and • Completed follow-on public offering with net proceeds of $111.0 million.

 

China 3C Group (CHCG) files NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405. The annual report of China 3C Group (the “Company”) on Form 10-K could not be filed within the prescribed time period due to the fact that the Company was unable to finalize its audited financial results as well as the disclosure requirements of Form 10-K without unreasonable expense or effort. As a result, the Company could not solicit and obtain the necessary review of the Form 10-K and signatures thereto in a timely fashion prior to the due date of the report.

 

CNOOC Ltd. (CEO) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. (Hong Kong, March 31, 2010) - CNOOC Limited (the “Company" or “CNOOC Ltd.”, NYSE: CEO, SEHK: 0883) today announced its annual results for the 12 months ended December 31, 2009. In 2009, the Company’s net production reached 227.7 million (mm) barrels of oil equivalent (BOE) with a year-over-year (“YOY”) growth of 17.2%, which set the Company at a leading position among its peers in terms of growth percentage. The outstanding performance of new fields brought on stream in the past two years, together with the producing fields contributed greatly to the strong production growth.

 

New Energy Systems Group (NEWN) files NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405. The registrant cannot file its December 31, 2009 Form 10-K within the prescribed time period because the registrant’s independent accountants have not completed the process of gathering and analyzing the financial information necessary for the review of the financial statements that will be included in the registrant’s Form 10-K.

 

China Mobile Limited (CHL) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. The Company has applied to the Stock Exchange for a waiver from strict compliance with Rule 14.38A of the Listing Rules and an extension of the despatch date of the Circular to a date on or before 30 April 2010.

 

Featured News and Commentary

Wednesday, March 31, 2010


 

Advanced Battery Technologies Announces 2009 Year End Results. NEW YORK, March 31, 2010 (GLOBE NEWSWIRE) -- Advanced Battery Technologies, Inc. (Nasdaq:ABAT - News), a leading developer, manufacturer and distributor of rechargeable Polymer Lithium-Ion (PLI) batteries as well as a manufacturer of electric vehicles, today announced financial results for the year ending December 31, 2009. The Company had total revenues of $63,561,925 for 2009, an increase of $18,389,814 or 40.7%, compared to $45,172,111 for 2008. The increase in revenues was primarily due to the contribution of sales from the electric vehicle business, which the Company acquired on May 4, 2009.

 

A-Power Energy Generation Systems Ltd. Reports Strong Fourth Quarter Revenue Growth with First-time Wind Turbine Sales. SHENYANG, China, March 31 /PRNewswire-Asia-FirstCall/ -- A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) ("A-Power" or "the Company"), a leading provider of distributed power generation systems in China and a fast- growing manufacturer of wind turbines, today reported its unaudited financial results for the fourth quarter, and the fiscal year ended December 31, 2009. 4Q09 Financial Highlights: -- Revenues were $125.9 million for a 54.6% year-over-year increase; -- Gross margin was 21.3% vs. 17.8% in 4Q08; -- Excluding the expenses and non-cash losses related to the convertible bond and warrants, non-GAAP Net Income attributable to common shareholders for Q4 was $20.6 million, or non-GAAP diluted EPS $0.61; -- GAAP loss was $23.9 million, or $0.69 per diluted share;

 

Earnings Conference Call Schedule Change Notification: Biostar Pharmaceuticals, Inc. to Host Fiscal 2009 Year End Earnings Conference Call on Thursday, April 1, 2010 at 10:00 a.m. ET. XIANYANG, China, March 31 /PRNewswire-Asia-FirstCall/ -- Biostar Pharmaceuticals, Inc. (OTC Bulletin Board:BSPM.ob - News) ("Biostar" or "the Company"), the Xianyang-based manufacturer of a leading over-the-counter Hepatitis B medicine, Xin Aoxing Oleanolic Acid Capsule ("Xin Aoxing"), and a variety of pharmaceutical products and medical nutrients, today announced a reschedule of its earnings conference call originally planned for April 2, 2010. The rescheduled conference call will be held on Thursday, April 1, 2010 at 10:00 a.m. ET. Biostar's 2009 year end financial results will be released after the market close on Wednesday, March 31, 2010 as originally scheduled.

 

China Agritech, Inc. Reports Fourth Quarter and Fiscal Year 2009 Financial Results. BEIJING, March 31 /PRNewswire-Asia-FirstCall/ -- China Agritech, Inc. (Nasdaq: CAGC) ("China Agritech", or the "Company"), a leading organic compound fertilizer manufacturer and distributor in China, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2009. Fourth Quarter Financial Highlights: -- Quarterly net revenue increased 149.7% year-over-year to $20.7 million; -- Gross profit increased 80.9% year-over-year to $7.0 million; -- Excluding non-cash charges reflecting the change in fair value of warrants issued and stock compensation, Non-GAAP net income increased 252.5% year-over-year to $3.8 million, or Non-GAAP fully diluted EPS $0.22, up 144.4% from $0.09 in 2008, on a greater share count; -- GAAP net loss was $6.6 million, or $0.39 loss per diluted share;

 

CNOOC Ltd. Announces Strong Production Growth and Outstanding Exploration Results of 2009. HONG KONG, March 31 /PRNewswire-Asia-FirstCall/ -- CNOOC Limited (the "Company" or "CNOOC Ltd.", NYSE: CEO; SEHK: 0883) today announced its annual results for the 12 months ended December 31, 2009. In 2009, the Company's net production reached 227.7 million (mm) barrels of oil equivalent (BOE) with a year-over-year ("YOY") growth of 17.2%, which set the Company at a leading position among its peers in terms of growth percentage. The outstanding performance of new fields brought on stream in the past two years, together with the producing fields contributed greatly to the strong production growth.

 

Lihua International Reports Fourth Quarter and Full-Year 2009 Financial Results. DANYANG, China, March 31 /PRNewswire-Asia/ -- Lihua International, Inc. (Nasdaq:LIWA - News) ("Lihua" or the "Company"), a leading Chinese developer, designer, manufacturer, marketer and distributor of low cost, high quality alternatives to pure copper superfine and magnet wire, as well as copper rod products, today announced financial results for the fourth quarter and 12 months ended December 31, 2009. Fourth Quarter Financial Highlights: -- Sales increased 367% year-over-year to $51.3 million. -- Gross profit increased 178% year-over-year to $10.9 million. -- Net income increased 275% to $7.3 million, or $0.30 per share, compared with $1.9 million, or 0.13 per share in the fourth quarter of 2008. Net income for the fourth quarter of 2009 included a $0.5 million non-cash charge for the change in fair value of warrants issued to investors in conjunction with the Company's issuance of convertible Preferred Stock in October 2008. Excluding the non-cash charge, non-GAAP net income for the 2009 fourth quarter was $7.7 million, or $0.32 per share.

 

Mindray Medical to Exhibit New Products at 63rd China International Medical Equipment Fair. SHENZHEN, China, March 31 /PRNewswire-Asia-FirstCall/ -- Mindray Medical International Limited (NYSE: MR), a leading developer, manufacturer and marketer of medical devices worldwide announced today that it will attend the 63rd China International Medical Equipment Fair ("CMEF") in Shenzhen, China from April 18 to April 21, 2010.

 

Orient Paper Announces Pricing of Public Offering of Common Stock. BAODING, Hebei, China, March 31 /PRNewswire-Asia-FirstCall/ -- Orient Paper, Inc. (NYSE Amex: ONP) ("Orient Paper" or the "Company"), a leading manufacturer and distributor of diversified paper products in Hebei, China, which controls and operates Hebei Baoding Orient Paper Milling Co., Ltd. ("HBOP") and its wholly- owned PRC subsidiary Baoding Shengde Paper Co., Ltd. ("Baoding Shengde"), today announced that it has priced its public offering of 3,000,000 shares of common stock. Orient Paper, Inc. has granted the underwriter a 45-day option to purchase up to an additional 450,000 shares of common stock. The shares were offered to the public at $8.25 per share. The offering is expected to settle and close on April 6, 2010, subject to customary closing conditions. Net proceeds from the offering are expected to be used for general corporate purposes, including expanding the Company's products, and for general working capital purposes.

 

Universal Travel Group Completes Previously Announced Acquisitions and Updates Guidance. SHENZHEN, China, March 31 /PRNewswire-Asia-FirstCall/ -- Universal Travel Group (NYSE: UTA) ("Universal Travel Group" or the "Company"), a leading travel services provider in China, today announced that the Company has completed the previously announced acquisitions of Huangshan Holiday Travel Service Co., Ltd. ("Huangshan Holiday"), Hebei Tianyuan International Travel Agency Co., Ltd. ("Tianyuan"), and Zhengzhou Yulongkang Travel Agency Co., Ltd. ("Yulongkang").

Get China Stock Picks and China Stock News
China 100 Stock Index
The China 100 Stock Index closed Wednesday, March 31, 2010:
1,030.91 13.61 Stock Price Decrease13.61 (1.30 %)
Asia Cork Inc (AKRK) led the Gainers closing 3/31/2010:
0.39 0.02 Stock Price Increase0.02 (5.41 %)

Orient Paper Inc. (ONP) was the Index biggest loser closing 3/31/2010:
8.35 1.19 Stock Price Decrease1.19 (12.47 %)

 

China Large Cap Stock Index
The China Vesting Large Cap Stock Index (Panda) closed Wednesday, March 31, 2010:
1,033.63 11.49 Stock Price Decrease11.49 (1.10 %)
Longtop Financial Technologies Limited (LFT) led the Index closing 3/31/2010:
32.21 0.86 Stock Price Increase0.86 (2.74 %)

Trina Solar Ltd. (TSL) was the Index biggest loser closing 3/31/2010:
24.41 0.94 Stock Price Decrease0.94 (3.71 %)

 

China Mid and Small Cap Stock Index
The China Vesting Small and Mid Cap Stock Index (Tiger) closed Wednesday, March 31, 2010:
1,044.80 16.53 Stock Price Decrease16.53 (1.56 %)
Focus Media Holding Ltd. (FMCN) led the Index closing 3/31/2010:
18.26 0.89 Stock Price Increase0.89 (5.12 %)

Orient Paper Inc. (ONP) was the Index biggest loser closing 3/31/2010:
8.35 1.19 Stock Price Decrease1.19 (12.47 %)

 

China Undervalued Stock Index
The China Vesting Undervalued Stock Index (Dragon) closed Wednesday, March 31, 2010:
999.49 10.04 Stock Price Decrease10.04 (0.99 %)
Asia Cork Inc (AKRK) led the Index closing 3/31/2010:
0.39 0.02 Stock Price Increase0.02 (5.41 %)

SinoHub, Inc. (SIHI) was the Index biggest loser closing 3/31/2010:
3.18 0.32 Stock Price Decrease0.32 (9.14 %)