Thursday, August 28, 2014

Seeking Alpha: Hollysys Offsetting Weak IA With Strong Rail

Chinese automation and control systems developer HollySys Automation Technologies (NASDAQ:HOLI) continues to come along nicely. The shares are up more than 100% from when I first mentioned them on Seeking Alpha, and up more than 20% since my last write-up, as the company continues to gain share in the Chinese industrial automation sector and leverage growth in train infrastructure. Although the shares are not extremely cheap (at least not on the basis of my current assumptions), the opportunity to leverage double-digit underlying growth in rail infrastructure and take more share in the industrial automation market, all while growing its ex-China business, is still pretty significant and I wouldn't be in a hurry to exit or dismiss this story.

Read more here:
Hollysys Offsetting Weak IA With Strong Rail

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