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15 pts

Opinion on  LONGTOP FINANCIAL TECHNOLOGIES Ltd. (LFT)     Sector: Technology  >  Industry: Software & Programming
LFT great revenues earnings China growth

Nov 21, 2007 04:27 PM GMT
Fgallery7-1
Return Risk
+12.45% HIGH
Sr. Analyst

Technical Analysis  

Looking for subsequent Qs adding to stock here long on dips


Update 11/29:

Looking to see new highs, as expect the next few qs to bode well for this recent Chinese IPO
The chart is showing a strong uptrend is starting, very liitle resistance after 26.70 break then  34.60 area, then look for new highs.

Company has great business model, is in its infancy and think will out-preform  going forward.  Since china is booming Lft i believe is well positioned for accelerated growth.

"

Overview

Longtop Financial Technologies makes software to help manage hard cash. The firm designs both custom-built and standard software and services for financial companies in China. Its channel-related software enables banks to manage various channels, such as ATMs, tellers, call centers, and Web sites; share customer data among these channels; and offer more personalized services. Its business products help banks conduct transactions like international trade finance, payments and settlements, and credit card operations. The firm's management software supports clients' internal operations. Among its customers are leading Chinese banks, including China Construction Bank , Agricultural Bank of China , and Bank of China .

"

from hoover


Update 12/01:

stock closed @ 25.06  looking for a break over 27 and for then the stock to test previous ipos highs, since ipo earnings were in its first q .29

earnings link

http://biz.yahoo.com/prnews/071119/cnm023.html?.v=16


Update 12/01:

After hours close suggest the stock will continue its up trend

25.11 close

http://finance.yahoo.com/q?s=lft


LFT:  This call was made on 11/21/07 @ $21.75
Rating:   Positive   $21.75 (11/21/07)
Closed:   01/16/2008 @ $15.145 (-30.37% in 56 days)
Target:   $45.00 (+106.90%) in > one year


+ Referring to this analysis:


Comments (2)

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