I've complained in the past that HollySys (NASDAQ:HOLI) is not exactly "shareholder-friendly" even by the standards of publicly-traded Chinese companies. To illustrate this point, the company removed its CEO and Chairman back in July, but you wouldn't know that from the company website; to the best I can find (in both English and Mandarin), there was no actual announcement, and investors who don't receive notices of SEC filings (6-Ks) may have not even known about the change until this quarter's earnings report.
That kind of communication "issue" makes this almost an uninvestable stock. Yes, this company has credible automation systems that appeal to Chinese customers that very much want to shift toward domestic suppliers. The company also has meaningful growth opportunities in discrete/factory automation, as well as some opportunities in rail. But how do you invest in a company where turbulence and unpredictability seem to be the rule?
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