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Earning quality of Chinese IPOs

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What is earning quality?
As a new investor, I used to look at earning of a company heavily. I think earning is also the driver of a stock price in the wall street. If a company issues earning report which beats the street, and offers upbeat outlook for next quarter (or next year), the street will bid up the stock, vice versa. But there is two problems when we solely focus on earnings. For one, growth company, especially IPOs like Google and Salesforce in 2004, and Baidu in 2005 may not be profitable. Or if they are profitable, they don’t make too much monney thus its PE ratio is usually high.

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Recent Chinese IPOs in NYSE and Nasdaq

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From the bbs at world famous mit. Thanks to Author: capcase (gotmail). I’m putting my comments at the end.

Here is the original article in Chinese, the original title is “china IPO stocks”. For English, has a nice table which tracks Chinese ADRs YTD performance. So check out from there.

下面是一个简单的表格,列出了2006年12月20日至今在美国上市的中国企业的名单和大致情况。更详细的情况无法在这里列出,有兴趣的读者可以查询Bloomberg, Yahoo! Finance和China Analyst,即可得到比较详细的英文资料。

橡果国际(ATV), NYSE上市,融资1.19亿美元,IPO总回报9.5%,主承销商为美林、德意志银行;

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