Are these stocks APCVZ and YTEC going to be bullish soon? Answers are inside!

[phaolo.phuc]

Feb. 18, 2011 - Yucheng Technologies Limited (Nasdaq:YTEC - News) ("Yucheng," the "Company," "we," "us" and "our"), a leading provider of IT Solutions to the financial services industry in China, today announced financial results for the fourth quarter and full year ended December 31, 2010.



Fourth quarter software & solutions revenues of US$18.7 million, an increase of 151.6% year-over-year;
Fourth quarter net revenue (Non-GAAP) of US$21.9 million, an increase of 128.5% year-over-year;
Fourth quarter net income (Non-GAAP) from continuing operations of US$3.2 million, or US$0.16 per share, as compared to USD -6.1 million, or US$ -0.33 per share in the year-ago period;
Full Year total revenue (Non-GAAP) and EPS (Non-GAAP) guidance for FY 2011 is between US$70.0 million and US$72.0 million and US$0.43-0.45.





"In the fourth quarter, Yucheng continued to see the positive results from our operational improvement in addition to benefiting from the strong seasonal demand. We believe the strong customers demand for IT solutions will carry well into 2011. We have laid a solid foundation through the restructuring in the past year for future growth, as evidenced by the fact that our market share at our largest customer improved even when its IT software spending was reduced in 2010. We are confident that we will be able to capitalize on the market opportunities and further consolidate our leadership position in the industry," said Mr. Hong Weidong, CEO of Yucheng Technologies.

Recent Developments


Fourth Quarter 2010 Financial Results

Yucheng's 2010 fourth quarter revenues, gross margin and operating margin do not include the results of POS business, which has been reclassified to discontinued operations.

Total revenues for the fourth quarter of 2010 were US$21.9 million, an increase of 212.8% year-over-year and 39.0% sequentially. Net revenues (non-GAAP)(1) for the fourth quarter of 2010 were US$21.9 million, an increase of 128.5% year-over-year and 38.4% sequentially. The year-over-year increase was mainly due to the increase of software & solutions revenues.

Gross margin for the fourth quarter of 2010 was 50.6%, compared to 27.4% in the year-ago period and 48.4% in the previous quarter. Gross margin of net revenues (non-GAAP)(2) was 50.7% in the fourth quarter of 2010, compared to 20.1% in the year-ago period and 48.4% in the previous quarter. The increase in gross margin (non-GAAP) year-over-year was a combined result of the increases in gross margin of both software & solutions business and platform business.

Software & solutions revenues for the fourth quarter of 2010 were US$18.7 million, an increase of 151.6% year-over-year and 34.1% sequentially.

Gross margin of software & solutions business for the fourth quarter of 2010 was 48.9%, compared to 14.4% in the year-ago period and 50.0% in the previous quarter. The sequential decrease in the gross margin was primarily due to labor cost increases


Total operating expenses for the fourth quarter of 2010 decreased 14.5% year-over-year and increased 48.4% sequentially to US$8.4 million. Total operating expenses (non-GAAP)(3) for the fourth quarter of 2010 decreased 19.5% year-over-year and increased 48.7% sequentially to US$7.6 million. The year-over-year decrease was mainly attributable to a bad debt provision of USD2.7 million which we took in 2009 Q4. The sequential increase was mainly impacted by sales commission and year-end bonus.


Operating margin of total revenue was 12.4% for the fourth quarter of 2010, compared to -112.3% in the year-ago period and 12.6% in the previous quarter. Operating margin of net revenues (non-GAAP)(5) was 15.9% for the fourth quarter of 2010, compared to -78.8% in the year-ago period and 16.0% in the previous quarter.

Income from discontinued operations, net of tax for the fourth quarter of 2010 was US$ -4.2 million, reflecting the reclassified operating results of the POS business and the loss from disposal of the POS business.

In the fourth quarter of 2010, the Company recorded net income from continued operations of US$2.4 million, orUS$0.12 per diluted share, compared to US$ -6.4 million, or US$ -0.35 per diluted share, in the year-ago period and US$1.8 million, or US$0.09 per diluted share, in the previous quarter.

Net income from continued operations (non-GAAP)(6) was US$3.2 million in the fourth quarter of 2010 orUS$0.16 per diluted share. Net income from continued operations (non-GAAP) in the year-ago period was US$ -6.1 million or US$ -0.33 per diluted share. Net income from continued operations (non-GAAP) in the previous quarter was US$2.3 million or US$0.12 per diluted share.

In the fourth quarter of 2010, the Company recorded net income of US$ -1.8million, or US$ -0.09 per diluted share, compared to US$ -6.8 million, or US$ -0.36 per diluted share, in the year-ago period and US$1.5 million, or US$0.08 per diluted share, in the previous quarter.

Net income (non-GAAP) was US$ -1.0 million in the fourth quarter of 2010 or US$-0.05 per diluted share. Net income (non-GAAP) in the year-ago period was US$ -6.4 million or US$ -0.35 per diluted share. Net income (non-GAAP) in the previous quarter was US$2.0 million or US$0.11 per diluted share.

As of December 31, 2010, Yucheng had cash and cash equivalents and restricted cash totaling US$24.5 million.

Operating cash flow in the fourth quarter of 2010 was a net inflow of US$13.7 million.

Full Year 2010 Financial Results


Total revenues for 2010 were US$61.0 million, an increase of 17.4% year-over-year. Net revenues (non-GAAP) for 2010 were US$59.8 million, an increase of 18.7% year-over-year. The year-over-year increase was mainly due to the increase of software & solutions revenues.

Gross margin for 2010 was 48.8%, compared to 46.0% in 2009. Gross margin of net revenue (non-GAAP) was 49.7% in 2010, compared to 47.4% in 2009. The increase in gross margin (non-GAAP) year-over-year was largely due to the increase of gross margin of software & solutions.

Software & Solutions revenues for 2010 were US$51.4 million, an increase of 22.3% year-over-year.

Gross margin of software & solutions business for 2010 was 49.8%, compared to 45.4% in 2009. The increase in gross margin year-over-year was largely due to the better cost management of the software development project.


Total operating expenses for 2010 decreased 4.1% year-over-year to US$24.2million. Total operating expenses (non-GAAP) for 2010 decreased 4.6% year-over-year to US$22.8million.The year-over-year decrease was mainly attributable to a bad debt charge of USD2.7 million which we took in 2009.

Income from operations for 2010 was US$5.5 million, compared to US$ -1.3 million in 2009. Income from operations (non-GAAP) for 2010 was US$7.0 million, compared to US$0.0 million in 2009. Operating margin of total revenue was 9.1% in 2010, compared to -2.5% in 2009. Operating margin of net revenue (non-GAAP) was 11.6% in 2010, compared to 0.04% in 2009.

Income from discontinued operations, net of tax for 2010 was US$ -5.1 million, reflecting the reclassified operating results of the POS business as well as the loss from the disposal of the POS business.






YTEC - Yucheng Technologies (NASDAQ)
Date Open High Low Last Change Volume % Change
02/18/11 4.47 4.50 3.90 4.15 -0.03 477117 -0.72%


Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold

Short Term Indicators Average: 80% - Buy
20-Day Average Volume - 80021

Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy

Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 63926

Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy

Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 78552

Overall Average: 96% - Buy

Price Support Pivot Point Resistance
4.15 3.58 4.18 4.78






FOR APCVZ

APCVZ - Fresenius Kabi Pharmaceuticals (NASDAQ)
Date Open High Low Last Change Volume % Change
02/18/11 0.13 0.13 0.09 0.10 -0.02 18303107 -19.17%
Composite Indicator
Trend Spotter TM Buy

Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Hold
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy

Short Term Indicators Average: 60% - Buy
20-Day Average Volume - 12392500

Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy

Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 6331812

Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy

Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 5784969

Overall Average: 88% - Buy

Price Support Pivot Point Resistance
0.10 0.07 0.11 0.14





Buy now before it goes up!

[phaolo.phuc]

I will try to update any informations that relative with those 2 stocks everyday so keep an eye on it.