After spending much of 2009 at a less-than-perfect four-star rank, China Fire & Security
With the rapid industrial growth in China and increasing demand for China Fire & Security's products, many CAPS members have raised their expectations for the company. Its recent $92 million contract win with Wuhan Iron and Steel, which more than doubled its backlog and led to an increased 2010 revenue forecast, hasn't hurt either.
China Fire & Security serves an impressive roster of large companies like Wuhan, PetroChina, and CNOOC in the iron and steel, petrochemical, and power industries, which are expected to continue to provide opportunity for increased business.
With China's hunger for steel benefitting iron ore miners such as Rio Tinto
In addition to the growth opportunities in its home country, China Fire & Security sees opportunity to build its international presence. To that end, the company landed a $4.4 million contract last year with India's largest power company. And with the massive amount of money that the Indian government is expected to spend on power infrastructure, China Fire & Security sees plenty of future revenue prospects there, as do other power players like General Electric
Do you think China Fire & Security deserves five-star status? Add your thoughts in the comments box below on this page, or head over to CAPS to rate the company and check out all the information and opinions the community offers, absolutely free.
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Fool contributor Dave Mock recently upgraded his hat collection with a 10-gallon beauty. He owns shares of ExxonMobil. CNOOC is a Global Gains recommendation. The Fool's disclosure policy shoots first and asks questions later.