WESTON, FL -- (Marketwire) -- 01/07/11 -- Wall Street News Alert's "stocks to watch" this morning are: China Electronics Holdings, Inc. (OTCBB: CEHD), Baidu, Inc. (NASDAQ: BIDU), China Agritech, Inc. (NASDAQ: CAGC) and Cogo Group, Inc. (NASDAQ: COGO).
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This morning, OTC Value Watch has issued a research report on China Electronics Holdings, Inc. (OTCBB: CEHD). Based on the report's findings, OTC Value Watch has placed a short term price target of $8.35 on CEHD.
To view the research report in its entirety navigate to www.otcvaluewatch.com
CEHD, through its subsidiary Lu'an Guoying Electronics Sales Co., Ltd., operates a network of 600 franchise stores, 412 direct stores, and 3 company-owned locations in primarily rural areas of Central China's Anhui and Henan Provinces under the brand of Guoying.
As a condition of the past summer's public market financings totaling nearly USD$5.3 million, China Electronics agreed to a net income target of USD$12 million, subject to certain adjustments, for the fiscal year ending December 31, 2010, and an uplisting to NASDAQ or the NYSE Amex exchanges. Hunter Wise Securities, LLC, served as placement agent to the financings.
For the recent nine months ended September 30, 2010, the Company earned USD$15.1 million in after-tax net income on sales of USD$89.4 million.
The stock closed yesterday at $4.15 a share.
About the company: China Electronics Holdings Inc. ("CEHD") has been based in Lu'an City, Anhui Province, central China since its founding in 2001 and sells household appliances and consumer electronics of major manufacturers through a network of more than 1000 retail stores in rural areas of the PRC's fourth and fifth tier markets.
Baidu, Inc. (NASDAQ: BIDU) up 0.5% on 8.6 million shares traded.
Baidu, Inc. is the leading Chinese language Internet search provider.
China Agritech, Inc. (NASDAQ: CAGC) up 4.8% on 952,000 shares traded.
China Agritech, Inc. is engaged in the development, manufacture and distribution of liquid and granular organic compound fertilizers and related products in China.
Cogo Group, Inc. (NASDAQ: COGO) up 1.3% on 435,000 shares traded.
Cogo Group, Inc. is a leading embedded solutions and software provider for the technology and industrial sectors in China.
Oil prices fell on Thursday, reversing strong gains earlier in the week, on a stronger US dollar. New York's main contract, light sweet crude for February slumped 1.92 dollars to 88.36 dollars.
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