Dutton Associates Announces Investment Opinion: Genesis Technology Strong Speculative Buy Rating In Update Coverage By Dutton Associates
Tuesday January 15, 10:39 am ET
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Dutton Associates updates its coverage of Genesis Technology Group (OTCBB:GTEC - News) with a Strong Speculative Buy rating and a price target of $0.42. The 20-page report by Dutton senior analyst Stanley Ng is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals.
We are updating our research coverage of Genesis Pharmaceuticals Enterprises with a rating of Strong Speculative Buy, following its recent corporate restructure. Genesis’ operations are principally conducted through China-based Laiyang Jiangbo Pharmaceutical Co. Ltd. (Laiyang Jiangbo), is engaged in the research, development, production, marketing and sales of pharmaceutical products in China. Laiyang Jiangbo is one of the major pharmaceutical companies in China producing tablets, capsules and granules for both Western and Chinese herbal-based medical drugs. Laiyang Jiangbo’s core products include clarithromycin sustained-release tablets, itopride hydrochloride granules, ciprofloxacin hydrochloride tablets, Baobaole chewable tablets and paracetamol tablets. In our view, Genesis offers investors an opportunity to invest in the huge and growing pharmaceutical market in China, the prospects of which are driven by a large population of 1.3 billion, increasing healthcare services due to improving affordability as a result of rapid economic growth and thus increasing affluence, and the Chinese government’s policy to broaden the availability of healthcare insurance to help stimulate the demand for better quality healthcare services and drug products. Based on our revenue and net income forecasts, we expect Genesis’ revenue to increase 26% from $76.2 million in FY2007 to $96.2 million in FY2008 and rise 29% to $123.7 million in FY2009, while net income estimates are $19.3 million in FY2008 and $28.2 million in FY2009.
About Dutton Associates
Dutton Associates is one of the largest independent investment research firms in the U.S. Its 30 senior analysts are primarily CFAs and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.
The cost of enrollment in our one-year continuing research program is US $35,000 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. The Firm does not accept any equity compensation. We received $35,000 from the Company for 4 quarterly Research Reports with coverage commencing on 04/27/2007. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.
Contact:
Dutton Associates
John M. Dutton, 916-941-8119
Source: Genesis Technology Group
______________________________________________
PS At least this report is not dilutive.
News 
Market Data 
Discover 
AI
