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New CFO Positive for China Architectural Engineering

APRIL 8TH - Piper Jaffray initiates coverage on China Architectural Engineering, Inc. (AMEX: RCH) with a Buy rating and $10 price target.

The firm said, "We believe this China-based firm specializing in the design, engineering, and installation of high-end curtain wall systems will capitalize on the strong growth in nonresidential construction in China."

The firm also said significant contract wins and sizeable project backlog provide increased visibility. They say the stock is undervalued at its current price of around $5.60. [LJ]

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APRIL 14TH - Start of 5-day non-deal roadshow from San Fran to NY.

Zacks average brokerage recommendation: STRONG BUY
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INSTITUTIONAL OWNERSHIP:
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ADVISOR FYI ALERTS:
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OWNED PATENTS:
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A LITTLE OLD BUT GOOD NEWS:
CAE Expects 2008 to Represent a Breakthrough Year in Both Revenues and Earnings

The Company also expects that its recent series of large multi-million dollar contracts, many of which will be recognized in the current year, positions CAE towards achieving a record year in both revenues and earnings. This is further supported the Company’s rapidly growing backlog figures, amongst other metrics. The Company noted that CAE’s backlog has grown substantially since January 2008 – when it released a backlog figure of over $100 million. A more current backlog figure is expected to be announced shortly.

To be added to China Architectural Engineering's investor lists, please contact Haris Tajyar at [e-mail] or at 818-382-9702.


FINAL ADVICE: HOLD YOUR SHARES & BUY MORE IF YOU CAN.