Rochester,NY 8/25/2009 11:36:08 PM
China GrenTech Corp. Ltd. GRRF, Trading Outlook for China GrenTech Corp. Ltd.
China GrenTech Corp. Ltd.
An investment report featuring China GrenTech Corporation Ltd. includes financial and investment analysis, analyst consensus, and pertinent industry information that reqired to know to make an educated investment decision.
In the report, the analyst notes: "GRRF is placed in the top three positions in the recent China Telecom centralized equipment bid, and according to the tender rules, China Telecom will divide 70% of the total equipment order among the top three companies. In addition, GRRF believes that it has maintained a leading market share position in both China Unicom's and China Mobile's coverage equipment procurement program. GRRF has established an integration service network with extensive nationwide coverage. The Company also has one of the largest and experienced project services teams in China.
"The Company reported for triple digits revenue growth for the second quarter due to solid demand from Chinese wireless operators that continue to build wireless coverage systems that simultaneously support both 2G and 3G networks. The relatively low penetration of wireless communication services, compared to developed countries, suggests that the demand for GRRF products will remain strong over the long term."
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