COGO Group: Großer Profiteur des Tablet-Erfolges

100 gegen Apple. Die iPad-Konkurrenz gewinnt Marktanteile. Großer Profiteur des Tablet-Erfolges ist dieser chinesische Technologie-Spezialist. Ob zum Zeitung lesen, Videos gucken, Spielen oder auf dem Sofa surfen – Touchscreen-Rechner werden immer beliebter. Zumal es endlich Alternativen zum teueren iPad gibt. Die Verkäufe solcher Android-Tablets stiegen im vierten Quartal 2010 bereits auf 2,3 Millionen gegenüber 0,1 Millionen im dritten Quartal. Der Android-Anteil schnellte zulasten Apples iPad innerhalb eines Quartals von 2,3 auf 21,6 Prozent. Und richtig rund geht es 2011: Auf der Consumer Electronics Show (CES) wurden bereits über 100 meist auf dem Betriebssystem Android basierende Tablet-Modelle vorgestellt. „Überwältigendes Feedback". Fast jeder große Elektronikkonzern hat nun einen Touchscreen-Rechner in der Pipeline – und fast jeder lässt ihn in China herstellen. Viele Firmen nehmen dabei Hilfe des chinesischen Technologie- Spezialisten Cogo Group in Anspruch. Der Vermittler und Designer von Komponenten wie Drahtlos-Übertragungs- und Kontroll-Systemen ist selbst überrascht vom Boom der neuen Tablets. „Mehrere Kunden von uns haben Tablets auf der CES präsentiert und überwältigendes Feedback erhalten. Die Dynamik im Tablet-Markt übertrifft unsere optimistischsten Erwartungen“, so Cogo-Chef Jeffrey Kang. Diese positive Entwicklung dürfte sich unmittelbar auf die Gewinnentwicklung von Cogo auswirken. Zumal Technologie-Komponenten für Tablets einen deutlich höheren Preis erzielen als Smartphone-Teile, welche Cogo ebenfalls anbietet. Daneben ist der Spezialist Partner von globalen Elektronikfi rmen für die China-Produktion von Smart-Grid- und TV-Produkten. Die vorgelegten Zahlen zum vierten Quartal können sich sehen lassen. Die Umsätze legten um 30 Prozent auf 114 Millionen Dollar und der Gewinn leicht auf 4,6 Millionen Dollar zu. Bemerkenswert ist der Ausblick. Aufgrund der „gewaltigen Möglichkeiten“ will Cogo den Umsatz „in einigen Jahren“ auf eine Milliarde Dollar mehr als verdoppeln. Große Chancen Der Tablet-Boom eröffnet Cogo große Chancen. Da der Chart-Ausbruch geglückt ist und das KGV bei günstigen 8 liegt, scheinen Kurszuwächse vorprogrammiert.

Hinweis: Liquider Handel an der Nasdaq – Kauflimit beachten!

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3. Sycamore Networks Inc. (SCMR): Networking & Communication Devices Industry. Market cap of $599.42M. Price at time of writing $21.01 vs. target price of $33.0 (discount of 36.33%). Short float at 3.35%, which implies a short ratio of 3.12 days. The stock has gained 43.71% over the last year.

4. The Talbots Inc. (TLB): Apparel Stores Industry. Market cap of $369.97M. Price at time of writing $5.25 vs. target price of $8.19 (discount of 35.9%). Short float at 24.71%, which implies a short ratio of 3.84 days. The stock has lost -52.7% over the last year.

5. SIGA Technologies, Inc. (SIGA): Drug Manufacturers Industry. Market cap of $553.84M. Price at time of writing $11.56 vs. target price of $18.0 (discount of 35.78%). Short float at 16.02%, which implies a short ratio of 12.91 days. The stock has gained 109.8% over the last year.

6. Pantry Inc. (PTRY): Grocery Stores Industry. Market cap of $364.75M. Price at time of writing $15.90 vs. target price of $24.5 (discount of 35.1%). Short float at 2.93%, which implies a short ratio of 3.68 days. The stock has gained 20.91% over the last year.

7. PMI Group Inc. (PMI): Surety & Title Insurance Industry. Market cap of $480.29M. Price at time of writing $2.98 vs. target price of $4.46 (discount of 33.18%). Short float at 16.2%, which implies a short ratio of 5.5 days. The stock has gained 36.07% over the last year.

8. Kansas City Life Insurance Company (KCLI): Life Insurance Industry. Market cap of $369.91M. Price at time of writing $32.25 vs. target price of $47.73 (discount of 32.43%). Short float at 0.61%, which implies a short ratio of 5.93 days. The stock has gained 30.99% over the last year.

9. Renaissance Learning Inc. (RLRN): Multimedia & Graphics Software Industry. Market cap of $307.04M. Price at time of writing $10.49 vs. target price of $15.0 (discount of 30.07%). Short float at 5.01%, which implies a short ratio of 7.01 days. The stock has gained 2.54% over the last year.

10. Keegan Resources Inc. (KGN): Gold Industry. Market cap of $356.27M. Price at time of writing $7.69 vs. target price of $10.98 (discount of 29.96%). Short float at 0.05%, which implies a short ratio of 0.28 days. The stock has gained 34.91% over the last year.

11. Jaguar Mining Inc. (JAG): Gold Industry. Market cap of $470.78M. Price at time of writing $5.58 vs. target price of $7.95 (discount of 29.81%). Short float at 6.05%, which implies a short ratio of 3.79 days. The stock has lost -41.69% over the last year.

12. Capstone Turbine Corp. (CPST): Industrial Electrical Equipment Industry. Market cap of $323.14M. Price at time of writing $1.31 vs. target price of $1.83 (discount of 28.42%). Short float at 10.66%, which implies a short ratio of 10.26 days. The stock has gained 18.02% over the last year.

13. UR-Energy Inc. (URG): Industrial Metals & Minerals Industry. Market cap of $320.29M. Price at time of writing $3.23 vs. target price of $4.5 (discount of 28.22%). Short float at 0.16%, which implies a short ratio of 0.1 days. The stock has gained 319.48% over the last year.

14. ShoreTel, Inc. (SHOR): Communication Equipment Industry. Market cap of $347.08M. Price at time of writing $7.56 vs. target price of $10.44 (discount of 27.59%). Short float at 2.58%, which implies a short ratio of 3.25 days. The stock has gained 36.71% over the last year.

15. Hawaiian Holdings Inc. (HA): Regional Airlines Industry. Market cap of $338.32M. Price at time of writing $6.78 vs. target price of $9.3 (discount of 27.1%). Short float at 8.75%, which implies a short ratio of 7.38 days. The stock has lost -3.42% over the last year.

16. Republic Bancorp Inc. (RBCAA): Regional Banks Industry. Market cap of $397.02M. Price at time of writing $18.96 vs. target price of $26.0 (discount of 27.08%). Short float at 5.9%, which implies a short ratio of 16.64 days. The stock has gained 23.84% over the last year.

17. Wet Seal Inc. (WTSLA): Apparel Stores Industry. Market cap of $360.4M. Price at time of writing $3.60 vs. target price of $4.92 (discount of 26.83%). Short float at 3.34%, which implies a short ratio of 2.41 days. The stock has lost -1.37% over the last year.

18. Rex Energy Corporation (REXX): Oil & Gas Drilling & Exploration Industry. Market cap of $524.09M. Price at time of writing $11.96 vs. target price of $16.29 (discount of 26.58%). Short float at 19.15%, which implies a short ratio of 11.73 days. The stock has gained 3.73% over the last year.

19. Syneron Medical Ltd. (ELOS): Medical Appliances & Equipment Industry. Market cap of $393.27M. Price at time of writing $11.05 vs. target price of $15.0 (discount of 26.33%). Short float at 3.2%, which implies a short ratio of 7.74 days. The stock has gained 18.82% over the last year.

20. Brigus Gold Corp (BRD): Gold Industry. Market cap of $311.94M. Price at time of writing $1.71 vs. target price of $2.32 (discount of 26.29%). Short float at 0.21%, which implies a short ratio of 0.38 days. The stock has gained 6.88% over the last year.

21. Electro Scientific Industries Inc. (ESIO): Diversified Electronics Industry. Market cap of $455.46M. Price at time of writing $16.22 vs. target price of $21.5 (discount of 24.56%). Short float at 2.09%, which implies a short ratio of 6.52 days. The stock has gained 49.91% over the last year.

22. PAETEC Holding Corp. (PAET): Diversified Communication Services Industry. Market cap of $580.17M. Price at time of writing $4.01 vs. target price of $5.31 (discount of 24.48%). Short float at 2.33%, which implies a short ratio of 7.42 days. The stock has gained 23.01% over the last year.

23. Ceragon Networks Ltd. (CRNT): Communication Equipment Industry. Market cap of $419.M. Price at time of writing $12.53 vs. target price of $16.52 (discount of 24.15%). Short float at 1.05%, which implies a short ratio of 1.02 days. The stock has gained 8.39% over the last year.

24. Cogo Group, Inc. (COGO): Diversified Electronics Industry. Market cap of $323.62M. Price at time of writing $9.16 vs. target price of $12.04 (discount of 23.92%). Short float at 0.82%, which implies a short ratio of 0.92 days. The stock has gained 39.63% over the last year.

25. Stoneridge Inc. (SRI): Auto Parts Industry. Market cap of $383.02M. Price at time of writing $15.05 vs. target price of $19.5 (discount of 22.82%). Short float at 3.78%, which implies a short ratio of 3.81 days. The stock has gained 126.66% over the last year.

26. Optimer Pharmaceuticals, Inc. (OPTR): Biotechnology Industry. Market cap of $462.71M. Price at time of writing $11.84 vs. target price of $15.33 (discount of 22.77%). Short float at 6.32%, which implies a short ratio of 11.42 days. The stock has lost -5.58% over the last year.

27. ADPT Corp (ADPT): Computer Based Systems Industry. Market cap of $352.51M. Price at time of writing $2.93 vs. target price of $3.77 (discount of 22.28%). Short float at 2.72%, which implies a short ratio of 20.69 days. The stock has lost -4.87% over the last year.

28. John Bean Technologies Corporation (JBT): Diversified Machinery Industry. Market cap of $504.08M. Price at time of writing $17.85 vs. target price of $22.88 (discount of 21.98%). Short float at 2.38%, which implies a short ratio of 6.57 days. The stock has gained 11.7% over the last year.

29. Measurement Specialties Inc. (MEAS): Scientific & Technical Instrument Industry. Market cap of $421.27M. Price at time of writing $28.16 vs. target price of $36.0 (discount of 21.78%). Short float at 3.97%, which implies a short ratio of 6.12 days. The stock has gained 113.98% over the last year.

30. Triple-S Management Corporation (GTS): Accident & Health Insurance Industry. Market cap of $539.38M. Price at time of writing $18.51 vs. target price of $23.5 (discount of 21.23%). Short float at 2.13%, which implies a short ratio of 6.53 days. The stock has gained 15.76% over the last year.

Cogo Group, Inc (Nasdaq: COGO) ist das Haupttor für globale Halbleiter-Gesellschaften, um auf das schnell Wachsen Industriell und Technologiesektoren in China zuzugreifen. Durch sein einzigartiges Geschäfte unter Geschäftsleuten Dienstleistungsplattform fertigten Cogo Designs eingebettete Lösungen kundengerecht an, Technologie von Lieferanten einschließlich Intel, Broadcom, Xilinx, SanDisk, Freescale, Atmel und anderer für eine Kundenbasis von mehr als 1.600 chinesischen OEMs/ODMs verwendend. Die Kundenliste von Cogo schließt etwa 100 erstrangige Gesellschaften, einschließlich ZTE, BYD und NARI, sowie mehr als 1.400 Kleiner und Mittlerer Unternehmen (SMEs) ein. Die Gesellschaft dient einer breiten Liste schnell wachsender Ende-Märkte in China, einschließlich 3G Smartphones, Blöcke, Automotive, Kluger Hochleistungseisenbahnmeter / Kluger Bratrost, Gesundheitsfürsorge und Hohes Definitionsfernsehen "HDTV". Der schnellste wachsende Ende-Markt von Cogo ist Industriegeschäft, das in der Nähe von 18 % von Gesamtfirmenverkäufen am Ende 2010 einsetzte. Cogo hat etwa 560 Angestellte, mit ungefähr 280 konzentrierte sich auf Technik und 100 in Direktverkäufen.

Während sich Geschäft von einem schwachen November verbessert, glauben wir, dass, in chinesisches Neujahr eintretend, die Hörer-Warenbestände ziemlich normal scheinen und es fortsetzt, aus Exporten sowie Innenhörer-Verkäufern einschließlich ZTE einen Nutzen zu ziehen.

Während die Gesellschaft die Fersen des starken Wachstums in China reitet, bleiben wir betroffen um einige Probleme, denen die Gesellschaft gegenübersteht. Erstens ist der chinesische Markt an mehr als 10 % jährlichem BIP-Wachstum seit den letzten mehreren Jahren gewachsen, und wir werden besorgt, dass die Wirtschaft einer Verlangsamung in der nahen Frist gegenüberstehen kann.

Cogo Group, Inc und seine Tochtergesellschaften stellen kundengerecht angefertigte Modul-Designlösungen für einen verschiedenen Satz von Anwendungen und Endmärkten zur Verfügung, als ein Tor für Technologieteillieferanten dienend, um auf Hauptelektronik-Hersteller in China zuzugreifen.

Die kundengerecht angefertigten Modul-Designlösungen der Gesellschaft erlauben Kunden, Technologiebestandteile von achtbaren Lieferanten auf eine effiziente und rentable Weise auszunutzen, so ihre Zeit zum Markt reduzierend und ihre gesamten Kosten senkend.

Currently, the Addressable Market for Cogo is focused almost exclusively on domestic automobile vendors. International vendors perform most of their design work outside of China and only handle auto assembly within the country. However, as local auto brands gain share over time, it is expected that international vendors will begin to shift more design work to China in order to speed time to market and reduce overall costs. Consequently, Cogo expects key international auto vendors will begin to utilize Cogo's customizable design work in the near future in order to compete with the lower overall cost structure and faster product cycle times of the key domestic vendors


Jeffrey Kang, CEO of Cogo, said, "I am pleased to announce Great Wall as our fourth named auto customer and I expect to add more customers over the coming months. The Chinese auto market is already the largest in the world and is estimated to grow a further 10-15% in 2011. This strong industry growth is the result of a series of demographic trends and the expectations of domestic auto vendors gaining share. Additionally, I believe that our content per automobile will grow over time."


Kang continued, "Our recent success in adding new auto customers and increasing our auto revenue is just the tip of the iceberg. I believe autos are one of Cogo's most favorable end markets. When Cogo reaches $1 billion in total annual revenue, I would expect our auto business will be in the range of $100 million in revenue. "


"As we have indicated in our previous press release on March 1, our first quarter business revenue is tracking better than expected, with particular strength in our Industrials segment. Additionally, the tragedy in Japan has thus far not affected any order patterns from our customers and our supply chain has not been materially disrupted."


About Cogo Group, Inc.:

Cogo Group, Inc. is the leading gateway for global semiconductor companies to access the rapidly growing Industrial and Technology sectors in China. Through its unique business-to-business services platform, Cogo designs customized embedded solutions using technology from suppliers including Intel, Broadcom, Xilinx, SanDisk, Freescale, Atmel and others for a customer base of over 1,600 Chinese OEMs/ODMs. Cogo's customer list includes approximately 100 blue-chip companies, including ZTE, BYD and NARI, as well as over 1,400 Small and Medium Enterprises (SMEs). The Company serves a broad list of rapidly growing end-markets in China, including 3G Smartphones, Tablets, Automotives, High-Speed Railway, Smart Meter/Smart Grid, Healthcare and High Definition Television "HDTV". Cogo's fastest growing end-market is Industrial business, which constituted close to 18% of total company sales at the end of 2010. Cogo has approximately 560 employees, with about 280 focused on engineering and 100 in direct sales.


About Great Wall Motor Company Limited:

Great Wall Motor Company Limited (2333:HK) engages in the design, research and development, manufacture and sales, as well as distribution of sports utility vehicles (SUVs), pick-up trucks, sedans and automobile-related parts and components. It manufactures automotive parts and components used in the production of pick-up trucks, SUVs and sedans. These mainly include self-manufactured engines, front and rear axles, air-conditioning equipment, drag ball pins, lever assembly and other parts and components for the production of automobile.


For further information:
Investor Relations
www.cogo.com.cn/investorinfo.html
communications@cogo.com.cn
H.K.: +852 2730 1518
U.S.: +1 (646) 291 8998
Fax: +86 (755) 2674 3522

Jeffrey Kang, CEO of Cogo, said, "One of the main fiduciary responsibilities of Cogo''s Board of Directors is to maximize value for our shareholders. We believe that by changing our domicile to the Cayman Islands, which will allow the flexibility to dual-list our shares on the Hong Kong Stock Exchange, if we choose to do so, will help broaden our shareholder base to non-U.S. investors. We expect to be able to achieve this result with no material tax changes and limited costs relative to the potential improvement in shareholder value and a broadened shareholder base."

Additional Information about the Redomestication and Where to Find It

In connection with the proposed redomestication, Cogo Cayman has prepared a registration statement containing a proxy statement/prospectus that is filed with the SEC. When completed, a definitive proxy statement/prospectus and a form of proxy will be mailed to the stockholders of the Company, seeking their approval of the transaction. Stockholders are urged to read the proxy statement/prospectus regarding the proposed acquisition carefully and in its entirety because it will contain important information about the proposed redomestication. Stockholders can obtain, without charge, a copy of the proxy statement/prospectus and other relevant documents filed with the SEC from the SEC''s website at www.sec.gov. Stockholders will also be able to obtain, without charge, a copy of the proxy statement/prospectus and other relevant documents (when available) by directing a request by e-mail to Wanyee Ho, who@cogo.com.cn.

The Company and its directors and officers may be deemed to be participants in the solicitation of proxies from the Company''s stockholders with respect to the proposed redomestication. Information about the Company''s directors and executive officers and their ownership of the Company''s common stock and warrants is set forth in the Company''s annual report on Form 10-K for the fiscal year ended December 31, 2010. Stockholders may obtain additional information regarding the interests of the Company and its directors and executive officers in the proposed redomestication, which may be different than those of the Company''s stockholders generally, by reading the proxy statement/prospectus and other relevant documents regarding the proposed redomestication when filed with the SEC.