Dutton Associates Reiterates Strong Speculative Buy Rating: China Energy Savings: FY 2005 Revenues and Earnings Blow Through Our
04 Janvier 2006 - 3:00PM
PR Newswire (US)
EL DORADO HILLS, Calif., Jan. 4 /Xinhua-PRNewswire/ -- Dutton
Associates issued a research note on China Energy Savings
(NASDAQ:CESV) on December 22, 2005: The year-ended 9/30/05 results
were detailed in their just released SEC Form 10-K. For the year
ended 9/05, revenues increased 14% to $48.4 and net income for the
year, increased 295% to $22.4 million while EPS were $1.04. The
increased revenue and earnings for the fourth quarter and
year-ended 9/30/05 are positive for China Energy. However, the
Company wish to point out that the revenue increase of 14% to $48.4
million was due to the increase in the sale of profit-sharing
energy-savings contracts that was $23.0 million in the year ended
9/30/05, compared with approximately $10.0 million in the year
ended 9/30/04. Other aspects of the release have also been
reviewed. At this time the Company reiterates its Strong
Speculative Buy Rating and price target of $13.25. The Company is
in the process of preparing an Update Research Report that will
review our rating and income model. For full research note, please
refer to http://jmdutton.com/research/CESV/index.html . About
Dutton Associates Dutton Associates is one of the largest
independent investment research firms in the U.S. Its 26 senior
analysts are primarily CFAs and have expertise in many industries.
Dutton Associates provides continuing analyst coverage of over 80
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 before commencement of our
research activities. We received $20,000 from the Company for 2
Research Reports with coverage commencing on 09/29/2005. 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 http://www.jmdutton.com/ before investing. For more information,
please contact: John M. Dutton Dutton Associates Tel:
+1-916-941-8119 DATASOURCE: China Energy Savings Technology, Inc.
CONTACT: John M. Dutton of Dutton Associates, +1-916-941-8119, for
China Energy Savings Web site: http://www.dicjenhitech.com/
Copyright
China Energy Savings (NASDAQ:CESV)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
China Energy Savings (NASDAQ:CESV)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about China Energy Savings Technology (MM) (NASDAQ): 0 recent articles
Plus d'articles sur China Energy Savings Technology (MM)