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Interested in the emerging markets sector? We ran a screen to dig deeper into some Chinese stocks.

We began by screening US-traded stocks of companies based in China for those with bearish sentiment, with float shorts above 10%.

We then screened for those stocks with weak sales trends, comparing growth in revenue to growth in accounts receivable. Since accounts receivable is the portion of revenue not yet received, and there is no guarantee the money will ever be received, the smaller the portion of revenue made up of receivables the healthier the company's revenue.

We screened for stocks seeing slower growth in revenue than accounts receivable year-over-year, as well as accounts receivable comprising a larger portion of current assets over the same time period.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall. More investing ideas on Kapitall Wire.

Do you think these stocks are in hot water? Use this list as a starting point for your own analysis.

List sorted by change in revenue over the last year.

1. LDK Solar Co., Ltd. (LDK): Engages in the design, development, manufacture, and marketing of photovoltaic (PV) products; and development of power plant projects. Market cap at $173.58M, most recent closing price at $1.33. Float short at 16.74%. Revenue fell by 73.89% during the most recent quarter ($200.1M vs. $766.34M y/y). Accounts receivable grew by 7.27% during the same time period ($485.32M vs. $452.44M y/y). Receivables, as a percentage of current assets, increased from 17.65% to 22.78% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

2. ReneSola Ltd. (SOL): Engages in the manufacture and sale of solar wafers and solar power products. Market cap at $115.51M, most recent closing price at $1.40. Float short at 13.72%. Revenue fell by 41.12% during the most recent quarter ($211.49M vs. $359.21M y/y). Accounts receivable grew by 39.62% during the same time period ($257.3M vs. $184.29M y/y). Receivables, as a percentage of current assets, increased from 22.02% to 28.66% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

3. Feihe International, Inc. (ADY): Engages in the production and distribution of infant formula, milk powder and soybean, rice, and walnut products in the People's Republic of China. Market cap at $136.2M, most recent closing price at $6.99. Float short at 14.15%. Revenue fell by 7% during the most recent quarter ($62.94M vs. $67.68M y/y). Accounts receivable grew by 173% during the same time period ($144.36M vs. $52.88M y/y). Receivables, as a percentage of current assets, increased from 38.3% to 74.12% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

4. Hollysys Automation Technologies, Ltd (HOLI): Provides automation and control technology and applications in the People's Republic of China. Market cap at $418.17M, most recent closing price at $7.80. Float short at 11.16%. Revenue grew by 18.58% during the most recent quarter ($66.13M vs. $55.77M y/y). Accounts receivable grew by 24.27% during the same time period ($130.26M vs. $104.82M y/y). Receivables, as a percentage of current assets, increased from 29.73% to 32.36% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

5. China Kanghui Holdings (KH): Develops, manufactures, and markets orthopedic implants and associated instruments. Market cap at $535.84M, most recent closing price at $22.90. Float short at 11.06%. Revenue grew by 21.69% during the most recent quarter ($82.71M vs. $67.97M y/y). Accounts receivable grew by 58.27% during the same time period ($120.3M vs. $76.01M y/y). Receivables, as a percentage of current assets, increased from 12.07% to 17.02% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Source: 5 Highly Shorted Chinese Stocks With Negative Receivable Trends