SinoHub, Inc.(fka SIHI)

[Stream205]

SIHI: SinoHub moving up?


The stock price is up and the volume as well, significantly so.

Hard to imagine that the bottom is not in on this one.

Presuming the numbers are real, SIHI looks like one of the better plays going forward.

News of a second and bigger contract from telecom titan China Unicom is a wild card, imo, that could power this one up out of nowhere.

The current contract called for shipment of 20,000 phones in the first two quarters of 2011. Little doubt the order was simply a test run by China Unicom. Interesting to see if they liked the results and put in a much more serious order.

Well worth watching going forward.




China Unicom and SinoHub's current deal announced back on Jan.7, 2011.
http://finance.paidcontent.org/about/news/read?GUID=16447099

"SinoHub, Inc. (NYSE Amex: SIHI), a rapidly growing electronics company in the People's Republic of China, engaged in electronic component purchasing and sales (ECP), integrated contract manufacturing and sales of private label mobile phones (ICM), and supply chain management (SCM) services, announced today that it has received an initial order to manufacture 20,000 3G mobile phones for China Unicom. The Company expects to ship the order in the first quarter of 2011."


NY Times stock page:
http://topics.nytimes.com/top/news/business/companies/sinohub-inc/index.html