China GrenTech Corp Limited (ADR) (NASDAQ:GRRF)
A provider of wireless coverage products and services in China and also a developer of radio frequency, or RF, technology.
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This company is helping build the wireless infrastructure (amps etc.) in China. Growth expected through the Olympics, and with potential for future 3G growth. Also, this could be the future dominant company if they expand toward foreign sales.
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Recent drop in a solid stock -- due for a rebound.
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This is a good company at 13.91 P/E
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China, China, China...
Pppbbbtttt!!!!
Recs
last:18.31$
traget:40$
Recs
Price 19.29
Support 17.41
Pivot Point 18.82
Resistance 20.23
Recs
It is significantly under valued and is in in a rapidly growing market, the China wireless market. Had great 3rd quarter revenue growth.
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I see the chinese market growing quickly and here is a company with a reasonable PE ratio
Recs
hope all over this one this thing should be a rocket with the momentum and things that are going on over in china cell market.
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