HOLI - Hollysys Automation Technologies, Ltd. Message Board

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Technology Stocks : HOLI - Hollysys Automation Technologies, Ltd.

HOLI 26.42

0.0%

Jul 26 4:00 PM EDT

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From: Glenn Petersen	5/22/2009 3:46:15 PM
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From Business Week: How China Stays on Track Beijing's HLS Systems International (HOLI), which trades on the Nasdaq, gives investors a way to participate in China's rail and nuclear industries. Mark Tobin of Roth Capital Partners rates the stock a buy. It has raced to 5.10 on May 20, up from 2 last Nov. 25. HLS develops and operates automation and control systems for China's railroads and nuclear installations. China has a minority stake in HLS, so the company receives government subsidies and tax incentives. China's huge stimulus package for infrastructure is a boon to HLS, says Tobin, who sees it earning 53 cents a share in 2009 on sales of $163 million and 61 cents in 2010 on sales of $194 million. Jason Schacht of Heartland Advisors, the biggest U.S. shareholder, with an 8.8% stake, says HLS is one of only five companies in China qualified to design and make rail and nuclear control systems. Unless otherwise noted, neither the sources cited in Inside Wall Street nor their firms hold positions in the stocks under discussion. Similarly, they have no investment banking or other financial relationships with them. —Gene Marcial businessweek.com

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