Shares of Zhongpin (HOGS), a Chinese meat and food processer, have been up for three days in a row since the company announced to open a new pork oil plant on April 12, 2010. CEO of the company stated that one of the important benefits from this new business line is further yield from the hogs the company uses in their pork production as premium pork oil will be a new co-product. According to the release, Zhongpin has completed pre-production contracts with institutional and wholesale customers. Today before the market opened, Jesup & Lamont initiated coverage on Zhongpin with a Buy rating. Shares of the company increased 4.15% for the day on above average trading volume.
Biostar Pharmaceuticals (BSPM) advanced 5.87% to close at $4.33. The surge was partially due to a positive commentary, Finding Uplist Clues: Getting in Before Prices Pop, published by Rick Pearson on TheStreet.com. BSPM currently has a resistance located at $4.49. Orient Paper (ONP) shares continued to explode higher after the company announced an approximately $27.8 million acquisition of corrugating medium paper production line with an annual production capacity of 360,000 tons. The stock broke above its 50-day moving average and reached a high of $10 level, closing at $9.98 with a gain of 5.83%.
Given the excessive sell-off for the last two weeks, China Organic Agricultural (CNOA) became oversold and slightly bounced back today. The stock climbed 4.23% to close at $0.74, below its both 50-day and 200-day moving averages. ReneSola (SOL), a Chinese solar stock, rebounded from last Friday’s loss and closed at $6.69 with a gain of 4.04%. The stock has a resistance located at $7.00.
Shares of China Agritech (CAGC), a Chinese fertilizer stock, fell below the 50-day moving average of $23.40 to close at $20.70 on strong volume of 2.07 million shares, over 30% of the float. The huge drop could be partially due to an article, 2010 Outlook: One Quarter in the Books, published by Eric Jackson on TheStreet.com. Eric commented that “ I like the company and its Chinese organic fertilizer business. The problem is valuation. It’s a bit frothy right now. I would wait before getting in.” The stock recently hit a high of $30.75 in the beginning of March.
L & L International (LLEN), a Chinese coal stock, continues to give back the previous gains, closing with another loss of 8.23% on strong volume. LLEN reached a record high of $14.91 last week. China Armco Metals (CNAM) has dropped for five days in a row, ending at $7.39 with a loss of 5.50%. The stock currently has a support located at $7.00. China INSOnline (CHIO), a Chinese insurance broker stock, was down 4.07% but only $0.02 in terms of dollar. The stock has been bouncing around its 50-day moving average for the past few weeks. CHIO currently has a support of $0.50 and a resistance of $0.61. New Energy Systems Group (NEWN), a Chinese battery technology stock, pulled back from yesterday’s gain, shedding 3.91%. The stock has a solid resistance level located at $8.50.
| TOP GAINERS |
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Biostar Pharmaceuticals, Inc. (BSPM) |
4.33 |
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0.24 / + 5.87% |
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Orient Paper Inc. (ONP) |
9.98 |
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0.55 / + 5.83% |
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China Organic Agricultr (CNOA) |
0.74 |
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0.03 / + 4.23% |
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Zhongpin, Inc. (HOGS) |
13.80 |
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0.55 / + 4.15% |
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ReneSola Ltd. (SOL) |
6.69 |
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0.26 / + 4.04% |
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| TOP LOSERS |
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China Agritech Inc. (CAGC) |
20.70 |
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2.08 / - 9.13% |
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L & L International Holdings (LLEN) |
12.16 |
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1.09 / - 8.23% |
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China Armco Metals, Inc. (CNAM) |
7.39 |
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0.43 / - 5.50% |
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New Energy Systems Group (NEWN) |
8.12 |
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0.33 / - 3.91% |
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China Automotive Systems Inc. (CAAS) |
21.57 |
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0.86 / - 3.83% |
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 China Unicom (Hong Kong) Limited (CHU) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. Notice of Annual General Meeting: Notice is hereby given that the Annual General Meeting (the “Meeting”) of China Unicom (Hong Kong) Limited (the “Company”) will be held on 12 May 2010 at 3:00p.m. at Ballroom C, Level 5, Island Shangri-La Hotel, Pacific Place, Supreme Court Road, Central, Hong Kong.
EXPLANATORY STATEMENT ON REPURCHASE MANDATE: The Directors believe that the flexibility afforded by the Repurchase Mandate would be beneficial to the Company. It is proposed that up to 10% of the issued and outstanding Shares on the date of the passing of the ordinary resolution to approve the Repurchase Mandate may be repurchased. As at the Latest Practicable Date, 23,562,092,511 Shares were in issue and outstanding. On the basis of such figure, the Directors would be authorized to repurchase up to 2,356,209,251 Shares during the period up to the date of the next annual general meeting in 2011, or the expiration of the period within which the next annual general meeting of the Company is required by law to be held, or the revocation or variation of the Repurchase Mandate by an ordinary resolution of the Shareholders at a general meeting, whichever of these three events occurs first.
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China Unicom (Hong Kong) Limited (CHU) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. This is to announce that a meeting of the Board of Directors of China Unicom (Hong Kong) Limited (the “Company”) will be held on Thursday, 29 April 2010 for the purpose of, among other matters, approving the financial results of the Company and its subsidiaries for the three months ended 31 March 2010. |
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 Lihua International, Inc. (LIWA) files 8-K - Current report. In connection with the April 8, 2010 public offering of 3,726,709 shares of common stock at a public offering price of $8.05 per share, Lihua International, Inc. (the “Company”) issued a press release on April 9, 2010 announcing that Rodman & Renshaw, LLC, as representative of the several underwriters, which includes Chardan Capital Markets, LLC and Brean Murray, Carret & Co., LLC (the “Underwriters”), have exercised their over-allotment option for the issuance and sale of an additional 559,006 shares of the Company’s common stock, par value $0.0001 per share, less a 5% underwriting commission. The exercise of the over-allotment option brings the total number of shares sold by the Company in connection with the offering to 4,285,715 and the total gross proceeds received in connection with the offering to approximately $34.5 million.
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 Trina Solar Ltd. (TSL) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. CHANGZHOU, China, April 13 /PRNewswire-Asia-FirstCall/ — Trina Solar Limited (NYSE: TSL) (“Trina Solar” or the “Company”), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, today announced that its board of directors appointed Mr. Liping Qiu, an independent director of the Company, as a member of the audit committee of the board effective April 1, 2010 to replace Mr. Jerome Corcoran.
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 Advanced Battery Technologies Announces New Orders of Electric Vehicles. NEW YORK, April 13, 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 that it obtained approximately $1.6 million in new orders of electric vehicles during its product promotion conference held in Wuxi City, Jiangsu Province, China
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 China GrenTech Corporation Limited Announces Winning Bid for Base Station System Integration Services. SHENZHEN, China, April 13 /PRNewswire-Asia-FirstCall/ -- China GrenTech Corporation Limited ( GRRF, "the Company", or "GrenTech"), a leading China-based provider of radio frequency ("RF") and wireless coverage products and services, today announced that it has won its first bid for base station system integration services from Guangzhou Mobile, China Mobile Limited's provincial subsidiary. GrenTech will provide Guangzhou Mobile local fiber transmission network and access integration services.
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 UPDATE: AgFeed Industries Announces Press Conference, NASDAQ MarketSite, Times Square. NEW YORK, April 13, 2010 (GLOBE NEWSWIRE) -- AgFeed Industries, Inc. (Nasdaq:FEED - News) (NYSE Alternext:ALHOG), one of the largest independent hog production and hog nutrient companies in China, today announced a Media and Analyst Conference.
When: April 14, 2010, 12:15 pm EDT;
Where: NASDAQ MarketSite, 4 Times Square, New York, NY.
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 QKL Stores Inc. Provides Update to 2010 Store Opening Plan. DAQING, China, April 13 /PRNewswire-Asia/ -- QKL Stores Inc. (the "Company") (Nasdaq:QKLS - News), a leading regional supermarket chain in northeastern China today announced an update to its 2010 store opening plan.
Two new supermarkets were opened in the 2010 first quarter and one department store was opened during the first week of April bringing the total number of Company store locations to 39 for an aggregate total of 160,303 sq. meters of store space.
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 Longtop Wins Contract to Develop Operational Risk Management System for Leading National Commercial Bank in China. HONG KONG, April 13 /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 contract with a leading national commercial bank customer in China to develop an Operational Risk Management system.
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Trina Solar Announces Change to Audit Committee of the Board of Directors. CHANGZHOU, China, April 13 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE:TSL - News) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, today announced that its board of directors appointed Mr. Liping Qiu, an independent director of the Company, as a member of the audit committee of the board effective April 1, 2010 to replace Mr. Jerome Corcoran. |
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|  | The China 100 Stock Index closed Tuesday, April 13, 2010:
1,046.01  6.25 (0.59 %) | | | Biostar Pharmaceuticals, Inc. (BSPM) led the Gainers closing 4/13/2010:
4.33  0.24 (5.87 %)
| | | China Agritech Inc. (CAGC) was the Index biggest loser closing 4/13/2010:
20.70 2.08 (9.13 %)
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| | The China Vesting Large Cap Stock Index (Panda) closed Tuesday, April 13, 2010:
1,066.44 1.21 (0.11 %) | | | China Petroleum & Chem ADS (SNP) led the Index closing 4/13/2010:
83.99 2.09 (2.55 %)
| | | AsiaInfo-Linkage,Inc. (ASIA) was the Index biggest loser closing 4/13/2010:
27.43 0.57 (2.04 %)
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| | The China Vesting Small and Mid Cap Stock Index (Tiger) closed Tuesday, April 13, 2010:
1,051.25 11.36 (1.07 %) | | | Orient Paper Inc. (ONP) led the Index closing 4/13/2010:
9.98 0.55 (5.83 %)
| | | China Agritech Inc. (CAGC) was the Index biggest loser closing 4/13/2010:
20.70 2.08 (9.13 %)
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| | The China Vesting Undervalued Stock Index (Dragon) closed Tuesday, April 13, 2010:
1,012.34 1.47 (0.15 %) | | | Biostar Pharmaceuticals, Inc. (BSPM) led the Index closing 4/13/2010:
4.33 0.24 (5.87 %)
| | | New Energy Systems Group (NEWN) was the Index biggest loser closing 4/13/2010:
8.12 0.33 (3.91 %)
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