China Growth Stocks

[viking86]

TSTC: yes this stock is poised to run again. With 106m backlog plus 27.7m rev in 1H totalling 133.7m, looks like the $129.4 rev and $2.17 eps are achievable targets. It's astounding that they do almost 80% of revenue in the second half. Talk about seasonality LOL. I'm hanging in.

"After consolidating our contracts and project schedules from our offices throughout China, we announced on our second quarter conference call an estimated backlog of $106.0 million which we expect to bill out during our 2010 fiscal year," stated Han Daqing, Chairman and CEO of Telestone Technologies. "Our backlog represents our list of projects that have been secured and engineered for installation in building sites throughout China by the end of 2010. Based on our six month revenue of $27.8 million and our backlog, we are confident that we will meet our guidance of $129.4 million in revenue for the year."