December 5, 2005
SpeculatingStocks.com Stock Pick: Qiao Xing Universal Telephone, Inc. (XING)
Stock Price: $8.00 (short-term strong buy)
Qiao Xing Universal Telephone, Inc. is engaged in the manufacturing and sale of telecommunication terminals and equipment, including corded and cordless telephone sets in China. The company classifies its products into two core business segments: mobile phones and indoor phones.
The company recently announced that its subsidiary CEC Telecom now expects a 60% increase in net income for 2005. Palm collaborated with this subsidiary to sell its new Treo 650 Smartphones in China. CEC Telecom will provide a well-established local mobile-phone market for Palm. XING also announced partnering with Microsoft to develop a new pocket PC mobile phone.
This firm is creating connections with all the right American firms to expand its business in China. XING has been in a strong uptrend since the end of October moving up over $2.50. XING is about to breakout of its long-term range and has the catalysts to do so.
SpeculatingStocks.com Target Price: We expect XING to reach $11 within the next 1-2 months.