Analyst Actions on Chinese Stocks: AMCN, BONA, CDCS, CEO, CHA, CHRM, CHU, CISG ... (Mar 28, 2011)

Below are today's Analyst Actions on U.S.-Listed Chinese Stocks . Piper
Jaffray maintained Neutral rating and $7 price target on AirMedia Group Inc.
(NASDAQ:AMCN). Piper Jaffray maintained Overweight rating and $10 price target
on Bona Film Group Ltd (NASDAQ:BONA). Lazard Capital Markets downgraded CDC
Software Corp (NASDAQ:CDCS) from Buy to Hold. DBS Vickers reinstated coverage of
CNOOC Limited (NYSE:CEO) with Buy rating and HK$22.60 price target on the
companys Hong Kong-listed shares. KIM ENG maintained Buy rating on China Telecom
Corporation Limited (NYSE:CHA), and raised price target from HK$4.42 to HK$5.46
on the companys Hong Kong-listed shares. Piper Jaffray maintained Overweight
rating and $13 price target on Charm Communications Inc (NASDAQ:CHRM). Deutsche
Bank maintained Hold rating and HK$11.40 price target on the Hong Kong-listed
shares of China Unicom (Hong Kong) Limited (NYSE:CHU). BNP Paribas maintained
Hold rating on China Unicom (Hong Kong) Limited (NYSE:CHU), and raised price
target from HK$12.26 to HK$13.31 on the companys Hong Kong-listed shares.
JPMorgan downgraded CNinsure Inc. (NASDAQ:CISG) from Neutral to Underweight, and
cut price target from $20 to $12. Piper Jaffray maintained Underweight rating on
CNinsure Inc. (NASDAQ:CISG), and cut price target from $14 to $10. Roth Capital
Partners maintained Buy rating and $11 price target on Cogo Group, Inc.
(NASDAQ:COGO). Roth Capital Partners maintained Buy rating and $11 price target
on China TransInfo Technology Corp. (NASDAQ:CTFO). Bank of America changed
rating on Funtalk China Holdings Ltd. (NASDAQ:FTLK) to No Rating. Roth Capital
Partners suspended coverage of Fuqi International, Inc. (NASDAQ:FUQI). Merriman
Curhan Ford discontinued coverage of Fuqi International, Inc. (NASDAQ:FUQI).
Susquehanna Financial Group maintained Positive rating and $27 price target on
HiSoft Technology Internatnl Ltd (NASDAQ:HSFT). Rodman & Renshaw cut price
target to $8 on China Finance Online Co. (NASDAQ:JRJC), with Market Outperform
rating. Piper Jaffray maintained Overweight rating and $20 price target on China
Kanghui Holdings (NYSE:KH). KIM ENG upgraded China Life Insurance Company Ltd.
(NYSE:LFC) from Hold to Buy, and maintained HK$34 price target on the companys
Hong Kong-listed shares. DBS Vickers reinstated coverage of PetroChina Company
Limited (NYSE:PTR) with Hold rating and HK$11.50 price target on the companys
Hong Kong-listed shares. Samsung Securities maintained Buy rating and HK$5.55
price target on the Hong Kong-listed shares of Sinopec Shanghai Petrochemical
Co. (NYSE:SHI). Nomura maintained Buy rating and HK$5.50 price target on the
Hong Kong-listed shares of Sinopec Shanghai Petrochemical Co. (NYSE:SHI).
Goldman Sachs maintained Buy rating and $123 price target on China Petroleum &
Chemical Corp. (NYSE:SNP). Morgan Stanley maintained Overweight rating on China
Petroleum & Chemical Corp. (NYSE:SNP). JPMorgan maintained Overweight rating on
China Petroleum & Chemical Corp. (NYSE:SNP), with HK$8.50 price target on the
companys Hong Kong-listed shares. Citigroup maintained Buy rating and HK$12.30
price target on the Hong Kong-listed shares of China Petroleum & Chemical Corp.
(NYSE:SNP). RBS reiterated Buy rating on Spreadtrum Communications, Inc
(NASDAQ:SPRD), and maintained $31 price target. Oppenheimer & Co. maintained
Outperform rating and $8.50 price target on Syswin Inc (NYSE:SYSW). Roth Capital
Partners maintained Buy rating and $7.30 price target on Winner Medical Group,
Inc (NASDAQ:WWIN). Piper Jaffray maintained Neutral rating and $5 price target
on VisionChina Media Inc (NASDAQ:VISN). Credit Suisse maintained Neutral rating
on Yanzhou Coal Mining Co. (NYSE:YZC), and raised price target from HK$23.2 to
HK$27.3 on the companys Hong Kong-listed shares. Citigroup maintained Buy rating
and HK$32.22 price target on the Hong Kong-listed shares of Yanzhou Coal Mining
Co. (NYSE:YZC). Morgan Stanley maintained Overweight rating on Yanzhou Coal
Mining Co. (NYSE:YZC). Cowen and Company initiated coverage of Zuoan Fashion Ltd
(NYSE:ZA) with Outperform rating.  RBC Capital Markets initiated coverage of
Zuoan Fashion Ltd (NYSE:ZA) with Outperform rating and $9 price target. Janney
Montgomery Scott initiated coverage of Zuoan Fashion Ltd (NYSE:ZA) with Neutral
rating and $8.00 fair value.