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November 14, 2006 Stock Pick: China GrenTech Corporation (GRRF)

Stock Price: $15.08

China GrenTech Corporation is a leading developer of RF technology in China and a leading provider of wireless coverage products and services to telecommunication operators in China. The Company uses radio frequency (RF) technology to design and manufacture wireless coverage products.

GRRF broke out of its range today on major volume of over two milliion shares to a high of $17.30 before closing at $15.08. GRRF has a 52-week high of $22.50 set on March 30th of this year, its IPO date.

For the most recent quarter, GRRF reported revenue of $23.8 million and net income of $3.9 million. This equates to an earnings per share of $0.155, annualized it has an EPS of $0.62. GRRF is now trading at a market cap of $377 million.

China stocks are extemely hot right now with the Olympics coming up in 2008 in Beijing, China.

There are 25 million GRRF shares outstanding. GRRF has momentum pushing it higher.

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