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China expert picks four favorite ADRs

"The Chinese Dragon strikes again," says small cap expert Jim Oberweis, Jr., adding, "So far in 2009, the MSCI China Index is up 30% and our Oberweis China Opportunities Fund (OBCHX) has gained 62%."

In his The Oberweis Report, he says, "China will be a great place to invest over the medium-to-long term, even if unpredictable in the short term."

Here, the advisor and money manager reveals four stocks that he considers "some of the most interesting Chinese ADRs to buy now: E-House (NYSE: EJ), Asia Info Holdings (NASDAQ: ASIA), New Oriental Education (NYSE: EDU), and Longtop Financial (NYSE: LFT).

Continue reading China expert picks four favorite ADRs

Longtop: top Chinese software company banks on an IPO

Longtop logoAs the financial services market grows in China, there's lots of demand for software and information technology (IT) services. One of the top providers is: Longtop Financial Technologies. Now, the company has filed to go public.

In fact, according to IDC, Longtop is ranked #3 for banking IT solutions in China. Basically, the company helps with things like ATMs, call centers, credit cards, online banking, and so on.

As a testament to its capabilities, Longtop currently provides services to three of the four largest state-controlled national banks.

And growth has been surging. From 2004 to 2006, revenues spiked from $15.2 million to $43.2 million. What's more, the company is currently profitable.

The lead underwriter is Goldman Sachs Group, Inc. (NYSE: GS) and the proposed ticker symbol is "LFT."

You can find the prospectus at the SEC Website. Also, if you want to check out other IPOs, click here.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements.

Symbol Lookup
IndexesChangePrice
DJIA-154.4810,309.92
NASDAQ-37.612,138.44
S&P 500-24.911,085.72

Last updated: November 27, 2009: 04:11 PM

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