My Q1 2008 grades

Reading Time: 2 minutes (Update Apr 2) Another news to make myself feel better, Chinese A share mutual funds declined 22% on average (read this Chinese news from Money-Courier). For comparison, Shanghai Composite index dropped about 34%, from 5261.56 to 3472.71 in the period. Note that index is not a good benchmark index because it’s skewed by some big… Continue reading My Q1 2008 grades

Fourth quarter 2007 update

Reading Time: 2 minutes The miserable performance of CROX erased much of my 2007 gains. But thanks to the rebound of Mindray (MR), I am still be able to be above water 🙂 Some random thoughts of Q4 and year 2007 stock performance: 1) Crocs (CROX): I agree with my friend StrengthTrader, Crocs is a fashion product. It’s almost… Continue reading Fourth quarter 2007 update

Two more questions for Longtop

Reading Time: 2 minutes 1) Why it quit the outsourcing biz? We know outsourcing is a typically low margin business. Interested readers can look at the VanceInfo (formerly WorkSoft), the first Chinese IT outsourcing company listed in Nasdaq. It did IPO recently. Longtop should not get into the oursourcing business to begin with. I suspect the VCs suggested the… Continue reading Two more questions for Longtop

Home Inns and Longtop

Reading Time: < 1 minute Home Inns (HMIN) is raising fund through convertible bond (up to) $149 m (reuters news). It seems they still need the cash to expand. Longtop got more analyst converge: Deutsche bank and Jefferies initiated with Buy with target price of $30 and $29, respectively. Quoted here: Deutsche Bank initiates coverage on Longtop Financial Technologies (NYSE:… Continue reading Home Inns and Longtop

My take on Longtop

Reading Time: 3 minutes First a little background. Longtop did its high profile IPO on Oct. 24, a short month ago at NYSE (think how much market sentiment has changed since then). As the first Chinese software company listed in NYSE, Longtop is in the sweet spot in terms of the customers they serve: the Chinese banks. Chinese banks,… Continue reading My take on Longtop

Longtop: update

Reading Time: < 1 minute (Updated) I used the revenue number from company report and calculated the growth rate, using google spreadsheet. Revenue, in thousand of $, the following columns may not align right, click the G speadsheet above if you like. FY ending 3/31/2007 3/31/2008 growth rate 3/31/2009 growth rate Q1 9238 11530 24.81% ? Q2 11204 20200 80.29%… Continue reading Longtop: update

Is the Chinese bull market over?

Reading Time: 2 minutes (Update Nov. 17) Shuipi of ChinaTimes(水皮华夏时报) wrote this interesting piece on his newspaper. (Original) It looks like it, from the highs at 6,200 in early Oct to 5,200 now. But wait a minute, recently the US stock market suffered big loss because of the sub-prime meltdown, and weakening of the dollar. How could the mess… Continue reading Is the Chinese bull market over?

Added more longtop

Reading Time: < 1 minute This morning when two stocks are traded at about same price, I sold remaining Starbucks (SBUX) , and got some more Longtop Financial (LFT). I still like the long term prospect of Starbucks, especially its international expansion. But at this time SBUX is still a slow growth US company, and it will remain so for… Continue reading Added more longtop