Nov. 13, 2009 (Chinavestor) I like to discover small cap, low volume NASDAQ listed China stocks. China Integrated Energy (NASDAQ:CBEH) is one of these less known China plays that are worth to take a look. The company just reported strong revenue and earnings and reiterated 2009 outlook of $265 million for 2009, up 22.4% from 2008.
As the following chart suggests, while China Integrated Energy (NASDAQ:CBEH) continues to grow in sales its stock price remains subdued. We all know that earnings or profits drive stock prices but don't forget that strong revenue growth is a basis for any earnings growth. Note: sales and EPS growth for Q4 is calculated from outlook of $265 million and $35 million FY2009.
Another potential catalyst for the stock is recent increase in visibility. China Integrated Energy (NASDAQ:CBEH) rang the closing bell on the NASDAQ at the and of October and is going to attend two investors' conference in November in the NYC area.
If increased investors' visibility is going to help stock price for CBEH is a good questions, But with a P/E of 10 at present, China Intergrated Energy (NASDAQ:CBEH) is a stock to think about.
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