posted
All, Take a look at CHINA DIGITAL COM!! What a run! picked up small position at .52 and loaded up on more at 1.23
In early June they projected very strong sales for second quarter of 2005, but the momentum in stock picked up till @28June, and share volume only popped over 1 million/day on 01July..
Any thoughts out there on future momentum??
////////////////////////////////////////////////// China Digital Communication Group Maintains a Strong Sales Projection for Second Quarter 2005 Thursday June 9, 9:00 am ET Maker of Mobile-Phone Battery Components Cites Strong Demand and Continued Trend of Sharp Production Hikes
SHENZHEN, CHINA and LOS ANGELES, CA--(MARKET WIRE)--Jun 9, 2005 -- China Digital Communication Group (OTC BB:CHID.OB - News), one of the fastest growing battery components production companies in China, today offered sales and profit guidance for the second quarter of 2005.
For the second quarter of 2005, ended June 30, the Company projects revenue of approximately $2,950,000, up 197.52% from unaudited pro forma revenue of $991,541 in the second quarter of 2004. Net income in the second quarter of 2005 is expected to be approximately $736,025, or $0.013 per fully diluted share, up 767.02% from unaudited pro forma net income $84,891, or $0.002 per fully diluted share, for the year-earlier quarter, the second quarter of 2004.
The Company cited a continued trend of sharply increasing demand and production, along with continuing cost controls, in arriving at its sales and profit estimates for the quarter. "The projected increase in sales is large but, we believe, reasonable based on recent trends," said Yi Bo Sun, China Digital's chairman and chief executive officer. "It reflects the rapid growth we have been seeing for the past several quarters in demand for our products and in our production capacity. China Digital has seen sharp increases in orders from mobile-phone manufacturers for its battery shells and caps, and we have recently increased both our physical capacity and our workforce to meet this demand. We believe both that we are in a long-term wireless boom and that we have the ability to increase our market share substantially."
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