Buzz Stock of the Day – China Architectural Engineering (CAEI)

China Architectural Engineering, Inc. (Nasdaq: CAEI) specializes in the design, engineering, fabrication and installation of curtain wall systems, roofing systems, steel construction systems, and eco-energy saving building conservation systems.

The company is in three sweet spots in the market–infrastructure stocks, China stocks and green stocks.

In late March, the Zhuhai-based company reported results for 2008. Among the bright spots, a 75 percent increase in contract revenue compared to last year, and a reduction of net loss to $5.9 million, compared with $12 million a year earlier.

Gross profit for the year ended December 31, 2008 was $22.8 million, an increase of $0.5 million, or 2 percent, from $22.3 million for the comparable period of 2007. The company’s gross margin for the year ended December 31, 2008 was 15.0 percent as compared with 25.7 percentfor the year ended December 31, 2007. The decrease was primarily a result of higher raw material, project set-up costs, and labor costs, especially in China.

Shares of CAEI were up more than 22 percent at mid-day trading on the Nasdaq.

Tags: buzz stocks, CAEI, china stocks, green stocks, infrastructure stocks

This entry was posted on Monday, May 4th, 2009 at 4:55 pm by admin and is filed under Industrial Stocks, Materials Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.