The company expects revenue of $182 million to $190 million during 2010, representing year-over-year growth of 24% to 29%. Net income growth is forecasted to be 23% to 32% to $17.8 million to $19 million for the year. On June 1, Global Hunter Securities rated the stock a buy with price target of $6, implying a 130% upside over current levels. China Marine Food Group China Marine Food is engaged in the business of processing, distribution and sale of processed seafood-based snack foods, as well as the sale of fresh and frozen marine catch. Seafood consumption in China has been rapidly growing as consumers are shifting to a faster-paced lifestyle and seeking convenient food alternatives that are nutritious, tasty and hygienic. According to the Food and Agriculture Organization, China consumes more seafood than the world average and the trend is likely to continue in the future as well, reaching 35.9 kilograms per capita by 2020. Currently, per capita consumption stands at about 10 kilograms. For the first quarter ended in March, the company reported revenue of $19.6 million, representing 8.8% growth over the same period a year earlier. Net income increased 21.9% to $3.9 million from $3.2 million. The company also secured product placements for a selection of its seafood snack foods at more than 500 convenience chain stores located across the Guangdong province in China. China Marine Food also revealed that it is on track to achieve revenue of $100 million and net income of $21.5 million, representing year-over-year increases of 43.7% and 47.3%, respectively. Last month, Global Hunter Securities rated the stock a buy with price target of $10, implying a 95% upside over current levels.