Three Chinese Small-Caps to Watch

 | Aug 10, 2013 | 12:00 PM EDT
  • Comment
  • Print Print
  • Print
Stock quotes in this article:








Even though there has been much talk recently about the slowing China economy, some of the best-acting stocks in the U.S. market are China based. For example, LightInTheBox (LITB), which I have discussed a number of times, is flying higher as the story is uncovered.

Here are three China-based stocks I'm watching closely for momentum moves.

Cleantech Solutions (CLNT) jumped sharply in early July after the CEO announced, "We expect to see strong growth in our top and bottom lines in 2013, led by sales of airflow dyeing machines and anticipated sales of new products, including our after treatment compacting machine." The company has no analyst coverage, which removes some risk of holding into a report that will likely hit next week. The company has a trailing price-to-earnings ratio of just 2, and it should post strong numbers. Technically, the stock is trying to turn back up after a spike and fade on the above comment.

Source: TCNet

NOAH Holdings (NOAH) provides wealth management products in China, such as real estate funds, private equity investments, funds of funds and collateralized fixed income products. On Friday, the company raised guidance by about 50%. It is already expected to grow earnings per share by 42% in 2013, so there is good support for the stock to continue to run as it prices in this excellent growth.

Source: TCNet

China Automotive Systems (CAAS) manufactures power steering systems and components for China's auto and truck makers. It is leveraged to the high growth Multi-Purpose Vehicle (MPV) sector and recently started moving into the Brazilian and U.S. markets. In the first quarter of 2013, the company posted earnings of $0.21 vs. an $0.18 estimate and a loss of $0.03 last year. The company is expected to grow earnings for the year at a 23% pace, yet is sells with a trailing PE of 10. Earnings are due Wednesday, Aug. 14.

Source: TCNet

Columnist Conversations

We will take off some more risk, bank some winners SOLD PG OCT 90 CALL AT 3.3 (in at 2.90) ...
After a very calm and sedate period of volatility which saw the VIX fall not only to all time lows but had a r...
today is a good day to lighten the load and take some positions off the table. SOLD WB OCT 85 CALL AT 11 (i...
I reached out last week to my close friend Ken Shreve, who is a prominent writer for the IBD.  I asked Ke...



News Breaks

Powered by


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.