October 24, 2007 09:52 ET

Stock Market Watch for Wednesday, October 24, 2007: RHGP Oversold According to Market Harmonics!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Peter Antipatis of Capital Research Group Inc.

WESTON, FL--(Marketwire - October 24, 2007) - Names the following stocks to its Stock Alerts List: Renhuang Pharmaceuticals, Inc. (OTCBB: RHGP), Flextronics (NASDAQ: FLEX), NeoMedia Technologies (OTCBB: NEOM), RF Micro Devices, Inc. (NASDAQ: RFMD).

Tony Carrion, founder of Market Harmonics, said in his report, "Renhuang's revenues compare favorably to some of its larger Chinese competitors, and the company has maintained average profit margins of 40% since 2005. When considering its performance relative to that of its peers and sector, we find the current valuation of the company's stock to be compelling, and affirm our preliminary 12-month target of $5.00."

"For FY 2008, and since we are expecting a doubling in production levels, we are forecasting gross profits of $25.5 million, and net income of $19.3 million. Our current estimates are that the company will end FY 2007 with an EPS of 0.31, and achieve an EPS of 0.55 in FY 2008," reported Tony Carrion.

The "Buy Rating" as defined by Market Harmonics signifies that they "regard the company's valuation to be attractive relative to its peers, and that the company's business model, as well as any other significant advantages it enjoys in the sector/industry in which operates, justifies investor consideration."

At current share prices, the stock is trading at 5 times CURRENT earnings! And with cash on hand of over $9.5 million, adding in short and long term assets, the stock is approaching book value! Investors should take heed, other stocks in this space are carrying PE's of 20, 30, and even 40+ times earnings. Valuations like these may not last long!

Other stocks highlighted include Flextronics (NASDAQ: FLEX): Hot Stocks List, up 3% on 17 million shares, NeoMedia Technologies (OTCBB: NEOM): Hot Stocks List, up 36% on 13 million shares, RF Micro Devices, Inc. (NASDAQ: RFMD): Hot Stocks List, up 1% on 20 million shares.'s Daily Stock Updates:, a leader in corporate communications and finance, highlights stocks that are in the news, have traded high volume, or experienced a large change in price in recent sessions. The aforementioned commentary is not meant to be indicative of a "long term" view of any of the companies listed. For more go to

All material herein was prepared by CRG Partners, Inc. (CRGP) based upon information believed to be reliable. The information contained herein is not guaranteed by CRGP to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRGP is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. CRGP has been compensated by third party shareholders with shares or with cash from the company on behalf of one or more of the companies mentioned in this opinion. CRGP has been compensated twenty thousand shares for RHGP, and expects to receive an additional twenty thousand shares in future installments. CRG was previously compensated fifty five thousand shares for RHGP, and has sold those shares. CRGP may sell its shares for less than the target price given in this opinion. In addition to any compensation mentioned above, additional compensation can be equal to ten percent of any newly issued or registered securities of the profiled companies. CRGP and its web site are operated under a license from Capital Research Group, Inc., Inc. and One Source Solutions Inc. (Licensors) and CRGP is not the agent of any of the Licensors and CRGP is solely responsible for all statements made herein. CRGP's affiliates, officers, directors and employees intend to buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. CRGP will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

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