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Rating: HOLI

Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) rated to Neutral by Nomura

Thursday,  Jan 21, 2016  10:25 AM ET by Kristen Bailey

Nomura rated Hollysys
Automation Technologies Ltd. (NASDAQ: HOLI) to Neutral.

Hollysys Automation Technologies Ltd. (Hollysys), formerly HLS Systems International Ltd., is a provider of automation and control technologies and applications in China. The Company?s technologies are used in products, such as distributed control systems (DCS) and programmable logic controllers (PLC), railway train control centers (TCC) and automatic train protection (ATP), and safety control product for nuclear power plants. Hollysys provides domestic automation control systems to the nuclear industry in China. Its products include DCS Products, TCC and ATP Products, Nuclear Products, Subway Products, and Management and Control Integrated Solutions. In July 2008, the Company acquired 6% interest in Zhejiang Sanxing Engineering Co., Ltd. In October 2008, the Company acquired 10% in Zhejiang Sanxing Technology Co., Ltd.


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