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You are right, just came back from China, they only started to roll out 3G. Plenty of 3G phones and broadband stick available. However the average wages are still quite low, so take up may be moderate. Communication infrastructure is still very new in China, upgrading pace may be not as fast one would hope, but definately many years of business to come. Application and gadgets using 3G is popping up faster than one can learn how to use, so watch this one, may shoot to a dollar in no time. ....Dont buy becoz of what I said but consider after doing your research....I dont think the next few weeks is time to go in as it is entering the correction mode as well as consolidation (horizontal mode)....watch STI it has a pattern, shoot up then dive down then go horizontal and slowly drift down for a long period, then suddenly in 2 days time goes to new high after some good foreign news..this pattern has repeated more then 3 times from March.

 

A lot of people cannot understand how big it is. It means physically going into every building in China and installing a new set of system. The subways, highways, all the transportation networks and hubs, everything needs to be upgraded.”

http://www.nextinsight.net/content/view/1705/60/

 

 

Technically… 
Sinotel Technologies (STEL SP; S$0.58 – BUY) – Buy with a stop below S$0.56. ..from CIMB

 

Wow..moving up again

 

Our revenue for 3Q09 and 9-mth 09 increased by RMB49.9 million (57.9%) and RMB106.3 million (39.6%) respectively compared to the corresponding periods in 2008. This was due mainly to an increase in revenue from our Wireless Network Solutions Segment. Revenue from our Wireless Network Solutions Segment for 3Q09 and 9-mth 09 were RMB136.2 million and RMB367.9 million respectively, an increase of RMB65.3 million (92.0%) and RMB114.9 million (45.4%) for 3Q09 and 9-mth 09 respectively compared to the corresponding periods in 2008. This was due mainly to more contracts secured in Shanxi province as well as the increase in contribution from Emergency Mobile Communication System which was introduced in last year. For 9-mth 09, revenue from Distribution Solution Segment which currently comprise of sales of 3G cards was RMB7.0 million and a decrease of RMB8.6 million (55.2%) compared to 9-mth 08. There were no sales of 3G cards for 3Q09. The sale of 3G cards from July’08 to Jan’09 was a one-off sale for the trial in Tianjin.

http://bnymellonadr.com/dr_profile.jsp?cusip=829361104

tradersgx      ( Date: 14-Nov-2009 23:36) Posted: Sinotel Technologies has posted a +52% y-o-y rise in net earnings for the third quarter (3Q09) ended 30 September 2009 to RMB41.8 million ($8.5 million). Revenue for 3Q09 rose 57.9% to RMB136.2 million on the back of increasing demand for Wireless Network Solutions amid China’s industry-wide Third Generation (3G) wireless mobile network upgrade. The 3Q09 performance helped improve overall results for the 9 months, pushing 9M09 revenue to RMB374.9 million or 39.6% higher than the corresponding period last year.

 

Sinotel Technologies has posted a +52% y-o-y rise in net earnings for the third quarter (3Q09) ended 30 September 2009 to RMB41.8 million ($8.5 million).

Revenue for 3Q09 rose 57.9% to RMB136.2 million on the back of increasing demand for Wireless Network Solutions amid China’s industry-wide Third Generation (3G) wireless mobile network upgrade. The 3Q09 performance helped improve overall results for the 9 months, pushing 9M09 revenue to RMB374.9 million or 39.6% higher than the corresponding period last year.

 

so so low today at 50.5 cents. so cheap!
Down because of general market weakness.
down because people got fat profits to take.

But this stock is riding on 3G in China ... Lots of potential business. That's why target prices around 93 cents!

See http://www.nextinsight.com.sg/content/view/1629/60/

 

Because some people are going to panic , so pray for all counters to go up .

JJSeng      ( Date: 05-Nov-2009 15:44) Posted: OK thanks Bintang      ( Date: 05-Nov-2009 15:39) Posted: Ok , can we not talk about the support , but try to talk about the rebound or reversal

 

OK thanks

Bintang      ( Date: 05-Nov-2009 15:39) Posted: Ok , can we not talk about the support , but try to talk about the rebound or reversal ? Bintang      ( Date: 05-Nov-2009 15:35) Posted: 45 cents

 

Ok , can we not talk about the support , but try to talk about the rebound or reversal ?

Bintang      ( Date: 05-Nov-2009 15:35) Posted: 45 cents . JJSeng      ( Date: 05-Nov-2009 15:31) Posted: Hi Bintang, so what is the next suppot line

 

45 cents .

JJSeng      ( Date: 05-Nov-2009 15:31) Posted: Hi Bintang, so what is the next suppot line. Bintang      ( Date: 05-Nov-2009 15:28) Posted: So soon the gap has filled

 

Hi Bintang, so what is the next suppot line.

Bintang      ( Date: 05-Nov-2009 15:28) Posted: So soon the gap has filled . Bintang      ( Date: 05-Nov-2009 07:36) Posted: The trend may go sideway n slowly  down to fill a gap at 53 cents

 

So soon the gap has filled .

Bintang      ( Date: 05-Nov-2009 07:36) Posted: The trend may go sideway n slowly  down to fill a gap at 53 cents . Bintang      ( Date: 29-Oct-2009 19:30) Posted: Due to technical rebound in today trading ,Sinotel not only filled the gap at 57,5 cents , but also closed up half a cents at 60 cents . There is still strong resistance at 62 cents where the 30MA was turning down . ADX is at 19 n is going sideway , the trend may move sideway after the rebound .

 

Wow...now even lower

 

Now trading at  0.525, look cheap to accumulate some.

 

The trend may go sideway n slowly  down to fill a gap at 53 cents .

Bintang      ( Date: 29-Oct-2009 19:30) Posted: Due to technical rebound in today trading ,Sinotel not only filled the gap at 57,5 cents , but also closed up half a cents at 60 cents . There is still strong resistance at 62 cents where the 30MA was turning down . ADX is at 19 n is going sideway , the trend may move sideway after the rebound . starlene      ( Date: 29-Oct-2009 19:18) Posted: Gap 58-59.5cts close liao?Wad U think,unlikley will drop to recent pte placement price,see its powerful close back to 60ct

 

can u post what it wrote?

DnApeh      ( Date: 01-Nov-2009 09:51) Posted: pls go buy the EDGE magazine 2Nov 09. See pg 37.   hsbhsb      ( Date: 31-Oct-2009 21:36) Posted: Why? Can explain please?

 

pls go buy the EDGE magazine 2Nov 09. See pg 37.

 

hsbhsb      ( Date: 31-Oct-2009 21:36) Posted: Why? Can explain please? DanielXX      ( Date: 30-Oct-2009 21:59) Posted: get out b4 it's too late. my No.1 hotstocknot. Con-stock all the way.

 

Why? Can explain please?

DanielXX      ( Date: 30-Oct-2009 21:59) Posted: get out b4 it's too late. my No.1 hotstocknot. Con-stock all the way.

 

is there anybody aware that when will Sinotel ADR starting trading in US ?