Three Chinese Tech Stocks Analysts Are Keen On (HSFT, NQ, QIHU)

Shares of Chinese internet company Qihoo 360 Technology

got

on news that the company's search engine would begin using Google's

advertising system. Today, a Citi analyst included Qihoo among his

, citing good fundamental value, solid catalyst profile and good financial and operating momentum. Qihoo also happens to be one of three Chinese technology companies that have a consensus Strong Buy rating among analysts who follow these stocks surveyed by Thomson Reuters. The other two are hiSoft Technology

and NetQin Mobile

.

This Beijing-based company provides internet and mobile security products in the People's Republic of China. It has a market capitalization of about $2.8 billion. The price-to-earnings (P/E) ratio is higher than the industry average, but so is the operating margin. The long-term earnings per share (EPS) growth forecast is about 52 percent, but short interest is nearly 14 percent of the float. Analysts seem to think the stock has plenty of room to run, as the consensus price target is about 23 percent higher than the current share price and more than 15 percent higher than the 52-week high. The share price is up more than ten percent in the past six months, and the stock has outperformed competitor Baidu

in that time.

This company provides business software and services in Asia, North America and Europe. Headquartered in Dalian, the IT company has a market cap of less than $400 million. The long-term EPS growth forecast is about 52 percent, and the P/E and PEG ratios are less than the industry average. Revenue is expected to grow about 35 percent this year, and short interest is less than one percent of the float. All six analysts polled recommend buying shares, and their consensus price target is about 40 percent higher than the current share price. The consensus price target is about 39 percent higher than the current share price and well above the 52-week high. But the stock has underperformed the likes of Cognizant Technology Solutions

over the past six months.

Beijing- based Netqin is a mobile internet services provider that sports a market cap near $360 million. Its operating margin is greater than the industry average and the long-term EPS growth forecast is about 40 percent. Analysts expect revenue to more than double this year. Short interest is 4.6 percent of the float. The consensus price target is more than 55 percent higher than the current share price and would be a multiyear high. The share price is up about 43 percent year to date, but shares have traded mostly between $7 and $9 since mid May. But over the past six months, Netqin has underperformed competitor Symantec

, as well as the Nasdaq.