In order of my favorites:

What, a Chinese stock making new highs? Meet $300 million Yucheng Technologies (YTEC), which provides computer support to the Chinese banking industry, and reminds me very much of Vasco Data (VDSI), a similar kind of banking technology play that took only 7 months to triple from $15 to $45 (back when it was breaking out). Granted, until YTEC closes above $18, it’s just a double top and considering the failure to hold/extend past that key level (October/all-time highs), this is not a confirmed breakout…yet…and that’s why I have no position. But revenues, profits and margins are all growing nicely—think 30-50%—and with its solid earnings on 2/4, the forward PE is only around 18, aka plenty of room for expansion. Not that I trust any Chinese company, so let’s just go back to their badass chart. Lots of Chinese companies—BIDU, CHNR, JRJC, GBT, CHNG, CTRP and EFUT—surged back in October, but only YTEC is even close to its highs, let alone threatening to breakout. And because I like to only buy breakouts that makes YTEC my favorite out of all the China plays out there.

… [visit site to read more]

ShareThis