I’ll buy 100 VanceInfo Technologies Inc. (VIT) Shares in 5 minutes May 12, 2008Posted by deminvest in China stock, growth stock, Internet stocks, investment, nasdaq, Nasdaq stock, Single stocks, stock I own, stocks, VanceInfo Technologies, VIT.
Tags: programmers, software
VanceInfo Technologies is a Chinese software house. I was reading an interesting article about the future of China’s software industry, which is still very small small (about 2 Billions) if compared to India’s 60 Billions Software industry.
Chinese programmers have a great obvious competitive advantage over India’s programmers: Chinese programmers speak the language used in World’s fastest growing economy: China!
Indian programmers need to export the product of their work. They can do it well when selling to English speaking USA, but they are having a hard time developing software for Chines companies.
Suddenly came to my mind an example of a Chinese high tech company that is beating World’s best software engineers on World’s most interesting and fastest growing market just because of its better language and culture knowledge:
Baidu, which is the only company on Earth able to kick Google’s butt.
Once I decided I do want a Chinese software house, I did find a gem:
VanceInfo Technologies Inc. (VIT) that, according to Yahoo finance, has numbers I can’t resist:
P/E around 15
Quarterly Revenue Growth (yoy):114.90%
Quarterly Earnings Growth (yoy):131.70%
Last, but not least VIT has zero debt and cash 78.21M, which is about half of its market value (160M), meaning half of my money is nice plain cash. For the other half I could consider a hefty P/E=7.5.
Let the force be with me, and with Chinese software industry!