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Rating: HOLI
Buy $5

Roth Capital rated Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) to Buy with price target $5

Monday,  Nov 10, 2008  8:25 AM ET by Dave Ficere

Roth Capital rated Hollysys Automation
Technologies Ltd. (NASDAQ: HOLI) to Buy with price target $5.

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.

ROTH researches emerging growth equities in the media, technology, telecommunications, healthcare, consumer, energy and industrial sectors. The research is focused on companies with market capitalization of between $100 million - $1 billion. Our coverage universe includes approximately 180 small cap growth companies around the globe including several companies from China. With an average market cap of approximately $500 million, our objective is to identify rapidly growing companies with significant long term growth prospects.



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