Mr. Jim Liang

Citigroup analyst Jim Liang also favours Suntech in his latest report, noting it is likely to pre-sell all of 2009?s production by year-end 2008.And with some analysts worried that cheaper polysilicon could lead to an excess of solar cells by the end of the decade, Mr. Liang likes Suntech?s focus on profit margin preservation over expansion.

So we don't see a global PC downturn," said Citigroup analyst Jim Liang.

"Even if there is a moderation of global PC demand, we think Lenovo will outperform the overall industry due to its exposure to emerging Markets."

Liang expected China's largest PC maker to post 10 percent revenue growth in the June quarter over the March quarter, compared with a flat or slight fall in the industry, due to Lenovo's unique seasonality.

ZTE now commands 40 percent of the market for China's homegrown third-generation technology, Time Division Synchronous Code Division Multiple Access, or TD-SCDMA, according to a Citigroup analyst, Jim Liang.

At least one of the three eventual service providers will have to build up that network, he said.

In addition, he said, ZTE has strong existing ties to Unicom that it could leverage in any network rollout.

So we don't see a global PC downturn," said Citigroup analyst Jim Liang.

"Even if there is a moderation of global PC demand, we think Lenovo will outperform the overall industry due to its exposure to emerging markets."

A Chinese sales clerk waits for customers as he works on Lenovo computers at a Lenovo shop in an electronics market in Beijing. - AP

Liang expected China's largest PC maker to post 10% revenue growth in the June quarter over the March quarter, compared with a flat or slight fall in the industry, due to Lenovo's unique seasonality.

Meanwhile, Citigroup analyst Jim Liang told clients that "solar fundamentals are currently very strong, with the rising tide lifting all boats, driven by generous feed-in tariffs on the demand side and tight poly(silicon) on the supply side."

Polysilicon is a key ingredient in solar cells.

Liang singled out Suntech Power Holdings Co.

The revenue, excluding the mobile handset business, rose 13.5 percent year on year to US$3.7 billion, higher than the 10 percent revenue growth projected by Citigroup's analyst Jim Liang.