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congrats to anyone who stuck it out here. great day.
CNIT and Geostar (Wu Taiji) involvement in the Shuohuang Railway Project
For those who are still interested in CNIT's business instead of the wild claims of shorts here at the message board:
Today there is some news on the Chinese version Geostar website with regards to a follow-up meeting on the Shuogang Railway Project (4.9 million Rmb project) that is in execution:
http://www.geostar.com.cn/News/Geo.shtml
http://www.shil.com.cn/zbjggc/4961.htm
Many projects that Geostar is working on are the result of successful tender bids and not "Fake claims of projects".
This job for the railway is a rather new field for Geostar and a successful execution might result into many more projects in this field.
If you want to learn a little more what kind of involvement CNIT and Geostar have in such project, have a look at:
http://webcache.googleusercontent.com/search?q=cache:nw9NfHgw5AcJ:blog.tianya.cn/blogger/post_read.asp%3FBlogID%3D3283492%26PostID%3D27274500+SHIL10021360&cd=4&hl=en&ct=clnk&source=www.google.com
Rail operator Shuohuang digital equipment (fixed) state of system development tender
Of: xtzb8686 2010-10-19 23:09 sunny Tuesday
Rail operator Shuohuang digital equipment (fixed) state of system development tender
2010-10-19 15:17:06
Industry: Transportation, Other
Standard information categories: domestic tender
Source: Other
Location: Hebei To take full advantage of all the technology resources, fair, open and equitable selection of subjects A unit, according to "People's Republic of Bidding" and "technological innovation project of Shenhua Group Corporation bidding Interim Measures," by Shuohuang Railway Development Co., Ltd. entrusted to the railway operators Shuohuang digital equipment (fixed) state of system development projects for domestic public tender, the intention is to invite bidders to participate in the research of the tender.
A tender subject and content:
1, Tender No.: SHIL10021360
2, Project Name: Railway Operating Shuohuang digital equipment (fixed) state of system development
3 sources: self
4, contents:
No. Item Unit Quantity
1 integrated device management equipment management information system development platform for a 1
2 professional application development of Geographic Information Systems Operations Equipment Set 1
Maintenance equipment, sets a Geographic Information System
Works cover a geographic information system equipment
Signal equipment sets a Geographic Information System
GIS communication equipment set 1
Vehicle equipment sets a Geographic Information System
Power supply equipment sets a Geographic Information System
Housing Construction Management Geographic Information System Set 1
3 basic data bus services, maintenance, vehicles, public works, electricity works, housing construction, etc.
Data processing, database set 1
Data exchange, shared set of 1
Data specification, the standard sets a
4 sets a state of public information
Professional Information Set 1
1 set of early warning information
The specific content of bidding documents.
Second, bidder qualification requirements:
(1) have independent legal personality;
(2) The registered capital of not less than 1,000 million yuan;
(3) has the national mapping agency issued a "Certificate of Surveying and Mapping" Mapping aerial photography professional grade and above, Grade A geographic information system engineering; have the best research and development team;
(4) has a successful track record and experience of similar projects;
(5) The parent company shall not participate in the same Section of the tender.
(6) The project does not accept the consortium bid.
Third, access to tender documents, place and time
Meet the above criteria and are willing to participate in the tender subject Bidder who has played at the announcement date of October 25, 2010 only, daily from 9:00 am to 16:30 pm (Beijing time, public holidays and holidays), to purchase the tender files, each 500 yuan. Purchase of tender documents, the bidder should bring the following original and one copy of each: a copy of business license, the relevant qualification certificates, letter of introduction, the purchaser ID card.
Fourth, Tender Closing Date and Time:
Deadline is: November 11, 2010 9:30 am. Bidders will bid their tender documents to be served before the deadline date of bid opening location, late delivery of tender documents will not be accepted, returned intact.
Fifth, opening time and opening Location:
Bid Opening Time: November 11, 2010 9:30 am. Opening when the bidder must send the legal representative or authorized to be present.
Contact: Wang Wei Qin Feng
Mobile: 15910758391
Rail operator Shuohuang digital equipment (fixed) state of system development tender
2010-10-19 15:17:06
Industry: Transportation, Other
Standard information categories: domestic tender
Source: Other
Location: Hebei To take full advantage of all the technology resources, fair, open and equitable selection of subjects A unit, according to "People's Republic of Bidding" and "technological innovation project of Shenhua Group Corporation bidding Interim Measures," by Shuohuang Railway Development Co., Ltd. entrusted to the railway operators Shuohuang digital equipment (fixed) state of system development projects for domestic public tender, the intention is to invite bidders to participate in the research of the tender.
A tender subject and content:
1, Tender No.: SHIL10021360
2, Project Name: Railway Operating Shuohuang digital equipment (fixed) state of system development
3 sources: self
4, contents:
No. Item Unit Quantity
1 integrated device management equipment management information system development platform for a 1
2 professional application development of Geographic Information Systems Operations Equipment Set 1
Maintenance equipment, sets a Geographic Information System
Works cover a geographic information system equipment
Signal equipment sets a Geographic Information System
GIS communication equipment set 1
Vehicle equipment sets a Geographic Information System
Power supply equipment sets a Geographic Information System
Housing Construction Management Geographic Information System Set 1
3 basic data bus services, maintenance, vehicles, public works, electricity works, housing construction, etc.
Data processing, database set 1
Data exchange, shared set of 1
Data specification, the standard sets a
4 sets a state of public information
Professional Information Set 1
1 set of early warning information
The specific content of bidding documents.
Second, bidder qualification requirements:
(1) have independent legal personality;
(2) The registered capital of not less than 1,000 million yuan;
(3) has the national mapping agency issued a "Certificate of Surveying and Mapping" Mapping aerial photography professional grade and above, Grade A geographic information system engineering; have the best research and development team;
(4) has a successful track record and experience of similar projects;
(5) The parent company shall not participate in the same Section of the tender.
(6) The project does not accept the consortium bid.
Third, access to tender documents, place and time
Meet the above criteria and are willing to participate in the tender subject Bidder who has played at the announcement date of October 25, 2010 only, daily from 9:00 am to 16:30 pm (Beijing time, public holidays and holidays), to purchase the tender files, each 500 yuan. Purchase of tender documents, the bidder should bring the following original and one copy of each: a copy of business license, the relevant qualification certificates, letter of introduction, the purchaser ID card.
Fourth, Tender Closing Date and Time:
Deadline is: November 11, 2010 9:30 am. Bidders will bid their tender documents to be served before the deadline date of bid opening location, late delivery of tender documents will not be accepted, returned intact.
Fifth, opening time and opening Location:
Bid Opening Time: November 11, 2010 9:30 am. Opening when the bidder must send the legal representative or authorized to be present.
Contact: Wang Wei Qin Feng
Mobile: 15910758391
Phone :010 -83290584 Fax :010 -83,291,082
E-mail: zhaobiao_698@163.com (performance qualification issued to this mailbox)
Zip Code: 100071
Address: 68 Feng North Road, Fengtai District, Beijing
E-mail: zhaobiao_698@163.com (performance qualification issued to this mailbox)
Zip Code: 100071
Address: 68 Feng North Road, Fengtai District, Beijing
Well Im still holding 900 at 1.93 and 300 at 1.84 . Interactive Brokers increased margin on a huge list of China stocks today.(not CNIT) Im GUESSING forced sell off, spread panic on China stocks in general. Only my opinion, GLTY
wow. no news either??? Who ever bought those million or so shares @ 1.93 has to be pissed. Good luck to all holders. It may recover in short order, but today's move shows the value of a stop loss.
damn, what a dip! I am taking a big cold shower with CNIT at the moment! Freaky...
Well I wrote Ms. Ma, but received an auto responce saying rejected for security. Whatever that means. I tend to agree undervalued, and added a couple hundred today. China stock worries, I believe are a major issue. I also believe CNIT is being toyed with. I have nothing to back that up with, just my opinion based on watching China stocks. GLTY
It is a Chinese company. Not much you can check on from here about what happens there regarding the CFO resignation.
As soon as CNIT finds a new CFO with incredible history, then the pps will bounce back I suppose.
Now might be a very good entry point.
I know an accountant with entry price at $2.65 who still believes it will bounce back as at PE of 2.7 and excellent financial reports, it is highly undervalued.
True or False?
This seems just like GFRE a couple weeks ago. Any momentum, and some small sales to knock it back down.
I only have 900 share, so not a great loss if there are problems. I do however feel that it is being held down. It is only my opinion.
Well, I have the feeling the stock has been targeted since it dropped below $5...but I kept my confidence that this is a long term play.
I have no proof of anything not being on the up&up. It just doesn't look good to have a huge purchase near the low of the day, the day before some official news hits, the week after the CFO abruptly resigns.
Yes was good news(new contract). Sure does feel like someone is playing games with this stock.
What makes you so sure that someone or some organization was aware that there would be news today?
Although I am in regular contact with CNIT, in no instance have they ever told me about an upcoming PR. Most of the time I find news about tenders won via the internet before they are announced in a PR.
In fact the contract announced today seems to be a follow-up of an earlier successful tender bid that I posted on the Yahoo MB about 2 weeks ago:
http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_C/threadview?bn=76958&tid=6720&mid=6722
So someone or some organization front-ran the news and made about $75k as of the current price of $2.05. Doesn't calm the nerves about some illegal activities going on. But a 3.5mill contract is never bad news.
I checked and was told that the window for buying back stock is already closed.
However, yesterdays block trading at 4 pm reflects renewed institutional interest triggered by the current valuation and presentations by the company.
Have you seen the news this morning? Nice new contract:
http://www.theflyonthewall.com/permalinks/entry.php/CNITid1437748/CNIT-China-Information-announces-new-M-contract-with--Shenzhen-Traffic-Police-
Purely a guess. Would be a nice time for a buy back. They are to be at that investors confrence June 1 or 2. Might be a good place to announce. Again, just a guess, trying to figure out those large buys. GLTA
Sorry, no clue about those block trades after 4 pm:
http://www.nasdaq.com/aspx/NLStrades.aspx?pageno=1&&symbol=CNIT&selected=CNIT&time=0
Im not sure, hopefully Struftepete can shed some light.
Good idea. Things can get out of hand quickly. There are already ambulance chasers getting ready to attack.
http://www.prlog.org/11517241-china-information-technology-inc-under-investor-investigation.html
What's with 1mill shares in afterhours. Is that just setteling trades from earlier?
I think I will write them, as suggested. Just to see if they say anything about the ex-CFO, or any buy backs.
I think you will be good. I may be a buyer again at 12:15-30. I just want to see the chart set up better before I buy. On friday i bought before the big plunge and was stopped out. I'd rather miss a few ticks than get stopped again. Bottom line is that the stock is down about 24% from thursday b/c the CFO resigned or was politely fired. CFO's are important but they do not make the product tht the company sells.
I hope so I picked up a few more today.
No I have not been in contact. I had been aware of a buy back, but couldnt find where it was stated.
stop hit at 1.98 @ 10:49am Maybe another down day before any bounce. glta
Premarket is looking good. 2.08x2.10 I'm hoping for it to go to 2.20 today. At this value the company should be a good long term investment. Trading makes a person miss big runs, but 1% per day will generate a 900% gain for the year.
Have you been in contact with the company since last Friday?
Yesterday I had a chat with some people in the company and from what they told me the CEO Mr. Lin was pretty upset with the stock action and the current restrictions for companies to buy back shares or have insider buys.
From my understanding, the resignation of Jackie must have been brewing since a short while after the latest CC and the decision only became firm last week. This is what stopped the company to go ahead and buy-back shares!
On the other hand they are well aware that other US listed Chinese companies such as CSR and CFSG are going private....
Thanks, that post will help in my DD.
I understand about you not "investing" in CNIT. We are all trying to make money. I will probably sell some if opportunity comes, but plan on leaving some for a long term investment. From what I can tell, and what i've read, it is way undervalued. Hopefully we can all make a good profit, near and long term. GLTY
I agree and also didn't do as much DD before jumping in. I was just reading the chart before hopping in. Seems as though all of their income comes from govt. contracts? People on other sites are floating theories that since the company can buy its own stock, they purposely had the CFO leave under suspicious circumstances so that they can buy back on the cheap. I'm not so sure about that, but stranger things have happened.
Another reason why I don't suspect massive fraud is that the Chinese govt. doesn't really liked to be messed with. They are quick (too quick IMO) to execute people.
That being said, I'm not investing in CNIT, just trading it. Expecting a nice pop Tues-Thurs and then I'm off to the next overreation.
Good luck to everyone
Yes, complete overreaction of the market. I spoke with a couple of people in CNIT today and I remain confident!
Regretfully I was travelling last Friday and missed the chance to add some cheap shares.
Good luck to you I thing this stock might make us some money.
I also go by the Nasdaq site. I just dont see a major problem. Looks like GFRE, scared people sell off.
I agree about the over reaction, and I am in at 1.94 also. I admit, I didnt do very much DD before jumping in. I do however pay attention to China stocks in general because people are so quick to jump out on anything. I have spent some time since, looking at CNIT in more depth. I'm not seeing the major issue with her leaving (except comparing other China stocks). She acquired stock Jan 2010, and Feb 2011. Im not sure if they are restricted though, but with only a $50,000 salary, why would she leave 50,000 shares on the table(if there was somthing wrong). She has been there since 09, I would think as a CFO if there were problems it wouldnt take two years to find an issue. Just my opinion. GLTY
CFO quitting doesn't look good. Announce on Friday and last day is Monday. Smells fishy. If she really just wanted to persue other interests, why didn't she issue a statement saying, "I'm moving to be with my family" or something to that effect. Either way I think today's reaction was pretty severe. The market is probably fed up with Chinese accounting scandals. I picked up some at 1.94 for a bounce. Hopefully there will be a rebound after everything cools down on the long weekend.
good luck to everyone
Sorry, I-Hub doesn't have the possibility to post Chinese characters. That's why you see those ???? in the previous message.
CNIT versus ESRI in the Smart Grid Project
At the moment it is still very hard to estimate the potential revenue and profit that will be generated for CNIT versus ESRI.
However, we know that CNIT with Wuda Geoinformatics Co., Ltd. are the "Home Players" and ESRI is the "Visitor". China Government and the SGCC will definitely be more supportive for the "Home Players"
Over more the website from the State Grid's own branch "Gio Force Xiamen Billion Information Technology Co., Ltd." = "??????????????" will give you a better insight how deeply rooted GIS and Geostar are in EPGIS = Electric Power GIS.
First a bit of history behind this:
a) http://www.gishr.com/display/company/84.htm
"In 2001, the former State Power Corporation and Power Company Limited, Xiamen in Fujian Province Electric Power Bureau, the localization of the pilot GIS platform based on independent research and proprietary power GIS applications, the project name for the domestic electricity bureau of Xiamen GIS demonstration project, subject Name: Spatial Information Technology in Power System. Wuhan University, Fujian Electric Power selected star as Gio based GIS software platform jointly set up with the Wuhan University, Xiamen billion Information Technology Co., Ltd. Gio force, specialized in the 3S technology in the comprehensive application of the power industry: software product development, marketing, project data production and building a database and system integration services. Million power Gio has become the registered capital of 30 million yuan, with 310 employees (R & D staff of more than 60%), business income of a billion dollars of high-tech enterprise, is currently the high visibility of information for the power industry building industry as a whole based on GIS software and services solutions provider."
b) http://www.epgis.com/solution_case_detail.aspx?sid=1&id=9#
EPGIS - Power GIS based software platform.
EPGIS is based on the localization of GIS platform GeoStar build power with independent intellectual property rights of GIS based software platform;...............; EPGIS can build all the power on GIS applications for network planning, production management, scheduling management, communication resource management, vehicle scheduling and management applications provide the basis for professional application support.EPGIS with a high degree of uniformity, scalability, and scalability.
Have a look than to what the the State Grid branch says about cooperation: http://www.epgis.com/about.aspx?nid=20#
A company of Wuhan University (Wuda Geoinformatics) for the technical background, with the localization of Wuhan University, GIS platform - the first choice GeoStar Star Gio GIS platform to develop electric power GIS based software platform - EPGIS, on this basis to build all the power GIS applications.
Have a look how GIS is embedded in the EPGIS software copyrights and software platform: http://www.epgis.com/honor_detail.aspx?id=47#
http://www.epgis.com/product_detail.aspx?id=2#
Have a look to what information technology packages that were recently released by the SGCC mainly in function of the smart grid project. When you click on each of the links you'll find more applications of GIS and GEOSTAR products:
http://www.sgit.sgcc.com.cn/newywyfw/hxcp/xxhcp/index .shtml
And lastly, when you study the EPGIS website more in depth keep in mind what CNIT gives as info in their websites:
http://www.chinacnit.com/detail.php?article_id=895
http://www.chinacnit.cn/list.php?column_id=327&page=3
http://www.geostar.com.cn/Industry/Grid.shtml
Nice day today, up 8%. Looks like China growth stocks might have bottomed.
Yipes, something horrible is happening here, this was in the 7 range not so long ago. Dilution?
all seven of CNIT's operating entities in China have achieved the coveted status
SHENZHEN, China, Feb. 15, 2011
China Information Technology, Inc. (Nasdaq: CNIT), a leading total solutions provider of geographic information systems (GIS), digital public security technology (DPST) and digital hospital information systems (DHIS) in China, today announced that its subsidiary, Huipu Electronics (Shenzhen) Co. Ltd., has been awarded China's "National High-Tech Enterprise" status ("National HT Status"), as approved by the Ministry of Science and Technology, the Ministry of Finance and the State Administration of Taxation of China.
National HT Status is awarded by the Chinese government to recognize technological leading companies in their fields and industries which have been consistently investing in new product development and have substantial revenues generated by their own proprietary patented or innovative products. Award recipients benefit from a series of preferential tax and financing treatments granted by the government to encourage domestic and foreign investments in advanced technologies in China, and to stimulate and promote the production of high-tech products and the provision of high-tech related services and technologies in China.
According to relevant regulations issued by the State Administration of Taxation and the China Banking Regulatory Commission, companies with National HT Status are eligible for a number of significant benefits, including lower corporate income tax rate (a decrease from 25% to 15%), preferential treatment in obtaining financial support from the National Technological Development Fund, and receipt of competitive commercial bank loans and subsidized interest rates. Following Huipu Electronics' National HT Status designation, all seven of CNIT's operating entities in China have achieved the coveted status.
"We take great pride in the fact that all of our operating entities have now been elevated to the National High-Tech Enterprise status," said Mr. Jiang Huai Lin, Chairman and CEO of the Company. "The award is important for us. It demonstrates the high standards by which we operate our company as a whole. In addition to expanding CNIT's unique portfolio of high-tech products and services, we will continue to drive the development and growth of our other brands throughout the country."
5-Star Stocks Poised to Pop: China Information Technology
There is a push to move additional manufacturing to inland China as the traditional coastal cities reach capacity. As the new cities reach urbanization over the next few years there's a large chance of this company grabbing some key government contracts. Even without, it's trading near its 52 week low ... and a huge chunk of it is owned internally.
CNIT has a coveted 5 star rating from Fools
http://www.fool.com/investing/general/2010/12/02/5-star-stocks-poised-to-pop-china-information-tech.aspx
as of November 5, 2010 - Shares Outstanding - 52,055,787
10Q
http://www.chinacnit.com/SEC_Filings_%28PDF%29/1289219586.pdf
Well stated initial message to the hub. Good fortune and cheers. You have my board mark.
The Chinese Small Cap Sector - The Other Side of the Rain
Many of us in our posts here are comparing the miniscule market capitalization of many of the Chinese small cap companies to the otherwise much higher valuations warranted by the strong past performance and the strong growth forecasted into the future and then express frustration, suspicions and despair due to the huge dichotomy between these two values.
I find it screamingly obvious that the relationship between market values and fundamentals across this sector is broken according to any common norms or benchmarks. Please note that I am referring here mostly to Chinese companies that are focused on and operative within the Chinese domestic markets and have no export activity.
As an indicative example, please consider the price chart and the declining P/E Ratio of CNIT (China Information Technology, Inc.) throughout this crisis, beginning at its preceding top in October 2007:
During the period between October 2007 and February 2011 the EPS for the years 2007 until 2010 grew 2.2 fold from $0.33 to$0.73, a blistering compound annual growth rate of 30.3%, yet the share price declined by 56% from $10.5 to $4.6 and the P/E Ratio declined by 81% from 32.8 to 6.3, drawing better than words how the ascribed risk shoot up and the sentiment fell off a cliff to the bottom of the barrel. To date, there is no indication that CNIT's growth may weaken going forward.
In particular, the declining price pattern that started for CNIT in October 2009 and continued until end of February 2011 ($8.0 to $4.6) is highly typical across this entire sector's price behavior during the past year. Even more so if we consider the fact that during this later period the broad market continued to rally additional 22%.
Having made this broad observation, I find it reasonable to assert that the companies themselves are not to blame. The answer must lie elsewhere.
And if we understand that the crowd behavior and its sentiment drivers are where to look - given the recent dark wave of allegations with respect to the entire Chinese small cap sector as being systematically fraudulent - we get our answer.
Clearly, the worst financial crisis in recent history and the collapse it caused has impacted investor psyche in a big way. In these post-crisis times, having stared at the abyss not too long ago, we are still carrying post-traumatic types of emotional weaknesses that influence abnormally our investment mindset and practices.
As we human beings are being threatened and hurt, our rational and enlightened mind recedes into our emotional tribal mind, which recedes into our instinctive survival mind, all depending on the level of threat and despair. The effect on our common crowd behavior is as if our elevated cultural evolution receded to darker periods in our history. For in-depth understanding of our crowd behavior as investors I recommend reading the book "The Psychology of Technical Analysis" by Tony Plummer.
As simple examples to consider, we may develop distrust and animosity towards different and remote people and cultures (they become the enemy), and conspiracy theories are easy to develop and get a hold (all Reverse Mergers done by Chinese are suspects of fraud as part of a pervasive scheme).
We are all essentially subject to a natural law which organizes individual behavior through the influence of group activity. And fear is likely to drive most of us straight into the arms of the crowd. And as top traders know, the crowd always loses in the end.
In this unregulated online exchange of information and opinions we are all taking a part, any stranger can cast doubt and spread fear by making allegations without stating conflicts of interest or having tangible evidence. It is common knowledge that the Chinese belong to historically separate and unfamiliar culture and different behavior patterns and therefore could be easily misinterpreted and abandoned if indeed dark and primitive emotions emerge and govern the scene. So under such extreme distrust and licentious environment, who would risk investing in a Chinese small company that might very well turn the next day to be accused of fraud? During the past year it seemed to be as dangerous as walking in a minefield. The encounters between ruthless short traders who smelled the fear in the air and their sheep-like insecure pray culminated in a blood bath that has racked up devastating losses for many shareholders.
Yet those of us who are able to regain their rational and independent mind from the oppressive direction of the crowd, may very well assert firmly that the correct and wise broad perspective is that China is a phenomenal growth story that is based on nationwide systematic innovation and investments, flexible adaptation and fast learning, and efficient and tireless execution of the central government growth programs, and many of these able entrepreneurs who reached out to the Mecca of the capitalistic free world for the best of reasons, overcoming great obstacles, will grow their companies in unprecedented rates with almost zero debts in still highly lucrative and unsaturated huge domestic markets. And in contrast, the US economy still needs to reach the stage where it can stand on its own following the FED's $2 trillion money-printing program, and the necessity to reduce the astronomical deficits and escalating debt levels is a very tall order. For an enlightening reading about the Chinese civilization I recommend reading a series of articles here: http://www.historians.org/projects/giroundtable/Chinese/Chinese3.htm.
It should be acknowledged that by the end of 2011 the majority of these companies will be trading on Wall Street and reporting to the SEC for their fifth consecutive year, a sufficiently distanced time from the early days following their typical Reverse Merger debut.
This Reverse Merger debut (reverse IPO) is the single most highlighted indicator to pinpoint a fraudulent Chinese company according to the governing fraud conspiracy rhetoric. Yet many of these companies have already engaged top tier accountant and law firms and have substantially improved their transparency and timely reporting as well as having been qualified for up listing to senior exchanges. I find it absolutely absurd to conclude at this point in time that these companies came to Wall Street in droves just to cheat for five consecutive years and counting, manipulating top professionals and paying hundreds of thousands of dollars as fees each year just for keeping this grand scheme alive. And correct me if I'm wrong, none of the accused firms (e.g., HRBN, YONG, CBEH, CEU, CCME, CHBT, ONP, CGA, CAGC, CSKI, CHNG, altogether I believe no more than one or two dozen) were delisted or legally proven as fraudulent to date.
As a final remark with respect to the Chinese entrepreneurs who are ill treated almost to the level of scoundrels by the all too many bashers of late: It is worthwhile appreciating their deep cultural heritage as there is a very real advantage of being part of the oldest living civilization. The values of culture and of being civilized have existed in China so long that they have soaked right through the whole people. Even a poor Chinese with no education is likely to have the instincts and bearing of an educated man. It is in their nature to set great store by such things as personal dignity, self-respect, and respect for others. And they have tremendous hunger and aptitude for education, which is one of the reasons why the future progress of China is likely to be amazingly rapid.
So as the problem lies in the crowd psychology domain, so does the solution. The distortion in the crowd behavior will be mended as this historic crisis continues to heal over the next several years and broad senses of normalcy and confidence are gradually restored. Time reveals truth and justice, and in this particular case the systematic and robust growth of the large majority of these companies will be depicted by the credibly audited financial statements. And the wave of fraud allegations will lose most of its hot air as there is a certain limit to how many times few can cry 'wolves' and they never really come.
A realistic and sound investment horizon that perhaps must be considered in order to benefit from the market capitalization recovery of this sector may be five years from today. I believe it is conservative to assume that many of these companies will grow their EPS by 15% to 20% per year and gradually be granted a P/E Ratio of 20 to 25. This implies that the Chinese small cap sector in all likelihood is a ten-bagger. We all can do our own calculus with respect to our chosen investment candidates based on our best analytical scrutiny. The key point here is that there will come the time when these Chinese companies will regain their credibility and be evaluated in full according to their consistent and dependable performance. It is my solemn observation that the dire sentiment has reached its nadir and it is only a question of time and an invisible match to fire it all up. Perhaps the time will be ripe later this year as 2010 10-Ks will be reported and 2011 estimates will be released and the first half results will be supportive of these estimates.
Good luck to all who are of the same line of independent thinking. It may very well spell an investment opportunity of a life time.
http://finance.yahoo.com/news/China-Information-Technology-prnews-1806240139.html?x=0&.v=1
Looking good today,manipulation eased up..entry at 4.59
Agreed. Have(or am planning to) sell off some of my more iffy holds but I think this one will have its day this year.
GLTY!
Nice move on GREAT news. Maybe this one will have another run into what's sure to be some impressive earnings.
Some good news...
http://ih.advfn.com/p.php?pid=nmona&article=46022382
I think its a trust issue. If investors 'trusted' these small cap asian stocks, then the fair price of this would be $20 bucks.
This one has all but been thrown out with all the other dreck. Totally undeserved but the company needs to step up and announce something for crap sake. They're getting reeemed for no good reason.
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China Information Technology, Inc.
21st Floor Everbright Bank Building Zhuzilin
Futian District
Shenzhen, China 518040
Phone: 86 755 8370 8333
Fax: 86 755 8370 9333
Web Site: http://chinacnit.com
BUSINESS SUMMARY
China Information Technology, Inc., through its subsidiary, focuses on the development and implementation of public security and Geographic Information System (GIS) related projects. It provides a portfolio of integrated solutions and services, including public security information technology (First Responder Coordination Platform, Intelligent Border Control, and Intelligent Security Surveillance), Geographic Information System (Police-use GIS and Civil-use GIS), and e-Government Platform services, as well as software sales and maintenance. The company, through its contractual arrangement with iASPEC Software Company Limited, has the licenses to 16 registered and copyrighted software applications in the People's Republic of China. China Information Technology, Inc. is based in Shenzhen, the People's Republic of China.
Venue Changes Expected for May 23, 2008
China Information Security Technology, Inc (OTCBB: CIFS) will begin trading on the Nasdaq NM as China Information Technology, Inc (Nasdaq NM: CNIT)
FINANCIALS Numbers in 000's
Period Ending 12-31-07 12-31-08 12-31-09 12-31-10 13-31-11
Total Revnue $ 30,343 85,301 100,996 163,846
Cost of Revenue 12,714 46,222 50,344 93,282
Gross Profit 17,629 39,079 50,652 70,563
Net Income 13,331 23,787 30,095 34,402
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