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Asiainfo Holdings, Inc. (ASIA) [hlAlert]

Rating:
Buy ASIA

Asiainfo Holdings, Inc. (ASIA) rated Mkt Outperform with price target $18 by Avondale

Posted on: Friday,  Apr 25, 2008  1:25 PM ET by Avondale

AsiaInfo (ASIA) rated Mkt
Outperform with price target $18 by Avondale.

Asiainfo Holdings, Inc. (AsiaInfo) provides telecommunications software solutions and information technology (IT) security products and services in China. The Company's operations are organized into two divisions: AsiaInfo Technologies (China) Inc. (AsiaInfo Technologies) and Lenovo-AsiaInfo Technologies, Inc. (Lenovo-AsiaInfo). AsiaInfo Technologies encompasses the Company's traditional telecommunications business and provides software and solutions to China's telecommunications carriers. Lenovo-AsiaInfo provides IT security products and services. During the year ended December 31, 2008, approximately 83.7% of the Company?s total revenue was contributed by AsiaInfo Technologies, while the remaining revenue was contributed by Lenovo-AsiaInfo. On April 9, 2008, the Company acquired Beijing AKS, which provides firewall software.

Avondale’s research analysts are charged with producing high quality, independent, value-added, and timely investment analysis / advice. The firm’s strategy is to deemphasize maintenance research, and instead direct the overwhelming majority of our efforts on developing well-constructed, actionable recommendations, in part by leveraging proprietary networks of industry contacts. Avondale’s growing research department now totals 25 professionals. Senior analysts average 14 years of industry experience and are routinely recognized by a variety of nationally known rating entities. In the last two years, Avondale Analysts were named to the Wall Street Journal’s Best on the Street poll as well as Forbes.com’s Top Analyst Rankings.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/25/2008 1:25 PM Buy
None
12.49 18.00
as of 12/24/2008
1 Week down  -9.93 %
1 Month up  11.49 %
3 Months up  73.39 %
1 YTD up  39.27 %

(*) Stock Price at the time of the recommendation.
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