China Architectural Engineering (Nasdaq:CAEI) upped its Q3 revenue and profits guidance.
The reason for the optimism is simple: CAE’s business outside of China is booming. The revenue mix between China and international is now roughly 50%-50%.
High-priced U.S. architects should be worried because Chinese engineers are undercutting the heck out of them. Quality works at a fraction of the cost is a winning combination for CAE.
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