SOURCE: Wall Street News Alert

Wall Street News Alert

October 14, 2010 11:37 ET

Wall Street News Alert: Stock in Focus: CEHD -- October 14, 2010

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - October 14, 2010) -  Wall Street News Alert's "stocks to watch" this morning are: China Electronics Holdings, Inc. (OTCBB: CEHD), Advanced Battery Technologies, Inc. (NASDAQ: ABAT), Shanda Games Limited (NASDAQ: GAME) and Wonder Auto Technology, Inc. (NASDAQ: WATG).

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This morning, China Electronics Holdings, Inc. (OTCBB: CEHD) announced that its earnings for the first six months of 2010 increased 441% over the same period in 2009, reaching USD$9,346,292 for the first six months of 2010. Revenues were up 382% and totaled USD$55,785,305 for the first half of 2010. On the CEHD Balance Sheet, Stockholders' Equity increased from USD$6.0 million to USD$28.3 million.

"We had 217 new stores in operation during the three months ended June 30, 2010 compared to 2009," said China Electronics Chairman and Founder Hailong Liu. "New products from SONY, LG and THTF that we began to carry in 2010 and the improved economic climate in the PRC all had a positive impact on the demand for our products and our sales," Chairman Liu stated. Through the first half of 2010 CEHD has recorded 117% of the revenues achieved for all of 2009, and earned 96% of the profits in the first six months of 2010 that it did for the entire calendar year of 2009."

China Electronics through its PRC subsidiary Lu'an Guoying Electronic Sales Co., Ltd. (the "Company") operates a network of 600 franchise stores, 412 direct stores, and 3 company-owned locations in primarily rural areas of central China's Anhui, Henan and Hubei Provinces under the brand of Guoying. In its most recent fiscal year ended December 31, 2009 China Electronics achieved after-tax net income of USD$9.7 million from USD$47.7 million in revenues. As a condition of the recent financings totaling nearly USD$5.3m, China Electronics agreed to a net income target of USD$12 million, subject to certain adjustments, for the fiscal year ending December 31, 2010, and an uplisting to Nasdaq or the NYSE Amex exchanges. Hunter Wise Securities, LLC and American Capital Partners, LLC served as placement agents to the financings.

The stock closed at $3.55 a share a share.

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Advanced Battery Technologies, Inc. (NASDAQ: ABAT) up 2.6% on 1.2 million shares traded. Advanced Battery Technologies, Inc., founded in September 2002, develops, manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries.

Shanda Games Limited (NASDAQ: GAME) up 5.9% on 1.4 million shares traded. Shanda Games Limited is a leading online game developer, operator and publisher in China.

Wonder Auto Technology, Inc. (NASDAQ: WATG) up 4.3% on 1.2 million shares traded. Based in Jinzhou City, Liaoning, China, Wonder Auto Technology, Inc., through its Chinese subsidiaries, designs, develops, manufactures and sells automotive electrical parts, suspension products and engine components.

Market Commentary:
Gold for December delivery settled up $23.80 at $1,370.50 an ounce, the latest in a recent series of record highs. Some analysts believe gold could top $1,400 an ounce by year's end and perhaps climb higher next year until economic conditions improve.

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