Seeking Alpha
Profile| Send Message|
( followers)  

After rebounding sharply in April, major U.S. stock indices ended May mixed. The Dow lost 181.81 points, or 1.42%, the NASDAQ rose 109.86 points, or 4.55%, and the broader S&P 500 added 14.79 points, about 1.07%.

Chinese stocks listed on U.S. exchanges also had a mixed month. Among the 82 stocks that make up the Chinese ADRs, 32 issues declined for the month, while the other 50 advanced.  Biggest winners of May are alternative energy companies such as Solarfun Power (SOLF) which jumped nearly 70% and LDK Solar (NYSE:LDK) which gained almost 63%. Other gainers include China Architectural Engineering (RCH) and Renesola (NYSE:SOL). At the other end of the spectrum, XinHua Finance Media (XFML) led the decliners with a drop of 28.67%, followed by ChinaEdu (NASDAQ:CEDU) -21.29% and China Mobile (NYSE:CHL) -14.52%.

The devastating earthquake in Sichuan in early May had affected China’s stock market negatively, though the long-term impact on the whole economy has been considered limited. The Shanghai Composite Index (^SSEC) erased its April gain to post a decline of 7.03% in May, while the Hong Kong’s Hang Seng Index (^HSI) suffered a 4.75% drop.

Name Symbol 05/31/08 Price May return (%) YTD return (%)
3SBio SSRX 10.82 3.54% -27.28%
51Job JOBS 19.67 6.90% 9.16%
Acorn international ATV 7.93 15.60% -15.01%
Actions Semiconductor ACTS 3.43 -11.14% -15.93%
Agria GRO 4.82 11.32% -48.34%
AirMedia Group AMCN 17.52 -11.78% -21.72%
Aluminum Corp of China ACH 43.75 2.17% -13.61%
APT Satellite ATS 1.55 1.31% -27.91%
ATA* ATAI 15.1 41.52% 58.95%
Baidu.com BIDU 345.06 -5.62% -11.48%
China Architectural Engineering RCH 8.82 61.83% 1.97%
China Digital TV STV 18.22 8.05% -32.47%
China Eastern Airlines CEA 44.69 3.00% -54.24%
China Finance Online JRJC 24.57 33.17% 11.68%
China Grentech GRRF 5 5.93% -43.44%
China Life Insurance LFC 60.35 -8.00% -21.11%
China Medical Tech CMED 39.43 5.43% -11.17%
China Mobile CHL 73.79 -14.52% -15.06%
China Nepstar NPD 11.54 -1.95% -34.36%
China Petro & Chemical SNP 100.87 -6.18% -31.94%
China Southern Airlines ZNH 32.08 -2.31% -50.99%
China Sunergy CSUN 11.72 42.58% -29.06%
China Techfaith CNTF 4.75 -13.00% -18.10%
China Telecom CHA 71.16 5.28% -8.85%
China Netcom CN 68.5 12.20% 15.32%
China Unicom CHU 22.79 5.66% 1.74%
ChinaEdu CEDU 5.51 -21.29% -35.18%
City Telecom [HK] CTEL 4.8 6.43% -15.04%
CNinsure CISG 15.6341 11.27% -2.23%
CNOOC CEO 177.29 -0.15% 5.89%
Ctrip.com CTRP 58.38 -5.93% 1.58%
E-House EJ 15 -10.29% -37.05%
eLong LONG 8.09 -13.66% -2.29%
Focus Media FMCN 40.29 9.22% -29.08%
Fuqi International FUQI 11.28 36.73% 35.90%
Giant Interactive GA 14.69 -9.77% 13.17%
Global Sources GSOL 15.1 8.71% -46.55%
Guangshen Railway GSH 25.32 -12.33% -28.96%
Gushan Environmental Energy GU 13.88 11.04% 48.45%
Home Inns & Hotel HMIN 24.57 9.64% -31.02%
Huaneng Power HNP 33.74 0.27% -18.31%
Hurray! HRAY 2.97 7.22% -25.38%
Hutchison Telecomm HTX 21.82 3.66% -3.66%
JA Solar JASO 21.27 -11.41% -8.59%
Kongzhong KONG 4.55 7.57% -25.29%
Las Vegas Sands LVS 69.44 -8.90% -32.62%
LDK Solar LDK 46.05 45.09% -2.04%
Linktone LTON 2.12 -1.40% -31.39%
Longtop Financial Tech. LFT 19.31 -3.21% -18.45%
Melco PBL Entertainment MPEL 11.89 -9.92% 2.85%
Mindray Medical MR 41.9 23.24% -2.49%
Netease.com NTES 22.75 1.93% 19.99%
New Oriental Education EDU 65.75 -12.40% -18.41%
Ninetowns inter NINE 2.6 16.59% -18.50%
Noah Education* NED 7.18 16.54% -10.92%
O2Micro International OIIM 8.96 19.15% -22.36%
Perfect World PWRD 26.97 -6.09% -3.26%
PetroChina PTR 142.55 -5.68% -18.76%
QiaoXing Mobile Comm. QXM 6.19 -3.73% -26.75%
Renesola* SOL 25.08 49.73% 92.92%
Semiconductor Manufacturing SMI 3.34 -12.34% -35.65%
Shanda Interactive SNDA 32.47 -5.31% -2.43%
Simcere Pharmaceutical SCR 15.41 22.40% 11.26%
Sina SINA 53.27 15.30% 20.25%
Sinopec SHI 40.72 2.96% -33.31%
Sohu.com SOHU 87.52 26.60% 60.53%
Solarfun Power SOLF 22.8 69.77% -30.17%
Spreadtrum Communications SPRD 9.4 7.92% -23.33%
Suntech Power STP 42.54 -4.90% -48.32%
The9 NCTY 25.89 20.59% 20.81%
Tongjitang Chinese Medicine TCM 8.95 9.15% -9.14%
Trina Solar TSL 44.94 6.54% -16.47%
UTstarcom UTSI 4.8 47.69% 75.18%
VanceInfo Technologies VIT 18.88 28.00% 109.78%
Vimicro International VIMC 3.21 -5.31% -14.63%
VisionChina Media VISN 18.88 28.00% 122.12%
WSP Holdings WH 8.37 26.44% -8.02%
Wuxi Pharmatech WX 20.45 10.90% -30.06%
XinHua Finance Media XFML 2.96 -28.67% -50.67%
Xinyuan Real Estate XIN 8.85 -1.99% -37.81%
Yazhou Coal Mining YZC 109.21 17.84% 12.52%
Yingli Green Energy YGE 20.58 -6.58% -46.77%

*2008 IPO

Amid turmoils in the U.S. credit market and sharp decline of Chinese stocks, Chinese companies have stayed away from going public in the U.S. According to IPO Homes, there has been no Chinese IPO offer in the past four months.

For the month, two widely held EFTs that mainly invest in China went different ways last month. iShares FTSE/Xinhua China 25 Index (NYSEARCA:FXI) dropped 4.15% in May and PowerShares Gloden Dragon Halter USX China (NYSEARCA:PGJ) posted a modest gain of 2.49%.

Source: China ADRs: Mixed May