China is a huge market. That is why I like to keep an eye on companies that are domestic to that country that seem to have momentum. China Information Technology is one of those stocks to buy for future growth in this massive market. It’s definitely a risk, but it could pay off for years to come.
China Information Technology, Inc trades on the NASDAQ as CNIT. It is currently trading at 67 cents a share and has a market cap of $36.92 million. Their P/E is super low at 1.56.
This company’s sales have been growing for the past few years without any dips. That tells me they are getting a lot of traction in the market. They brought in $17.6 million in 2007 and grew to $70.56 million in 2010. It’s been the same story with their earnings, which shows me that they know how to run a business.
They are in the medical technology business in China. This is a growing market as the middle class rises. This is also going to be a huge business as the population ages as well.