NIVS IntelliMedia Technology Group, Inc.,
(NYSE Amex: NIV)
Consumer Goods
(NYSE Amex: NIV)
Consumer Goods
| TARGET PRICE | $7.70 |
Going into a seasonally strong 4th quarter, management reaffirmed its 2009 guidance calling for revenue of between $172 million and $186 million and a net profit margin in the historical range of 9-10%. Although the Company did not disclose any specific guidance for 2010, Management’s comments on the topic indicated that growth will likely continue to be driven by the continued expansion of intelligent products and new products such 3G mobile phones. We expect revenues to remain strong for the fourth quarter from holiday spending and from the growing strength of the Chinese consumer. We therefore are keeping our current price target and we are maintaining our Buy rating on the stock.
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NIVS IntelliMedia Technology Group, Inc., through its wholly subsidiary NIVS Holding Company Limited, designs, manufactures, sells and markets audio and video consumer products. The Company predominantly operates in China but also sells and ships its products to diverse markets in Europe, Southeast Asia and North America. The two primary products lines offered by NIVS include 250 “standard/traditional” products (including theater systems, speakers, shelf-stereo systems, DVD players, DVB set-top boxes, televisions, portable digital players and related products) and 30 “intelligent” audio and video products (including various standard products with integrated speech-controlled interface technology comprising speech-controlled home theater systems, televisions, DVD players, set-top boxes and shelf stereo systems). In addition, the Company offers an array of peripheral and accessory products consisting of remote controls, headphones sets and portable entertainment devices such as MP3/ MP4 players.
NIVS sells its products under its own brand name “NIVS” as well as to original equipment manufacturers (OEMs). The Company has a distribution network in more than 60 countries including wholesalers, distributors (both provincial and regional), resellers, independent vendors, value-added resellers and hardware vendors. The Company has a 2.7 million-square-foot facility in China, including a 1.1 millionsquare- foot production area and more than 1,400 full-time employees.
Stock Chart and SummaryNIVS sells its products under its own brand name “NIVS” as well as to original equipment manufacturers (OEMs). The Company has a distribution network in more than 60 countries including wholesalers, distributors (both provincial and regional), resellers, independent vendors, value-added resellers and hardware vendors. The Company has a 2.7 million-square-foot facility in China, including a 1.1 millionsquare- foot production area and more than 1,400 full-time employees.
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Jan 04 2:37 PM EST |
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