Yeah, I presumed that. But wouldn't that set off a red flag for Yahoo Finance? Especially since the highest total year, presumably by the same analyst, is far below that? i.e. If I were a corrupt analyst, and I made a 4th quarter estimate of $10.00, then I would make my 2015 estimate $10 + the previous 3 quarters. Otherwise, I am easily targeted as either math illiterate or corrupt. Does Yahoo Finance have a site to bring this to someone's attention?
$9.58 estimate is probably from an analyst in the pocket of shorts. Looking to create an earnings miss that they can trade off.
So one analyst has predicted a 4th quarter of $9.58, and yet the highest estimate for 2015 is $3.91. And the earnings for first 3 quarters are $1.22. Does Yahoo Finance have someone checking out such huge discrepancies? I've also noticed that earnings in the Summaries for many companies do not jive with the last 4 quarters.
I remember that on some Jinko's slides it was mentioned that Hong Kong is an option. And if I remember correctly, it was presented as the first choice. I think the IPO happens, because Jinko will get a an injection of cash from the transaction and a buyer for its completed projects. Hong Kong may be the better choice, because it attracts Western investors. With the cash Jinko could decrease its dependence on debt financing in project construction or increase the volume of projects and it could invest in a new factory somewhere, in India perhaps. I think the yieldco spinoff does happen, but I wouldn't say that it happens in mid-2016. I'd say it happens later, in late 2016 or 2017. The yieldco space is currently affected by the yieldco/MLP dislocation. Jinko wants a better valuation. Jinko basically makes more money everyday by postponing the yieldco spinoff. That's what I think.
that's much higher than the current share price
it means that the lenders had no problem with $35
I'm very happy with that conversion price
is this: there is currently the yieldco/MLP dislocation that e.g. TERP and GLBL suffer from
if Jinko were to spin off its power plant assets as a yieldco now, they wouldn't get a good valuation
that's why Jinko postpones the yieldco spinoff, so that it happens when the yieldco/MLP dislocation has disappered (perhaps in late 2016 or 2017?)
and that's why Jinko does not need to hurry with the projects
Jinko will have enough MWs on its balance sheet even with the slower pace
and as the pace is slower, Jinko's financial position is better
so, this slower pace makes a lot of sense
bottom line: the yieldco spinoff happens later and a quick pace in project development is not a focus
1 Chinese share = 1 Chinese share
1 American depositary share = 4 Chinese shares
hope this helps
is that possible? If it is correct in couple months SP soon could be in mid $30's? what say ye? TIA, gallen
IPO should be arround mid 2016. This is the right move given most of the power assets are in china. Should See a lot of value from it, + possible spin off (if in HK). JKS tends to have a 1 day sell-off after reports, rising back the next day.
I find it interesting that prior to earnings report the PT was $40 and now it's $35 after such strong results notwithstanding significant scrutiny from clueless and the solid answers and confident reassurances from management.
I found his questions amusing and ill informed. No idea that they had not sold any of their downstream projects. Really?
Also if you noticed his questions they were all trying to re-enforce his continual theme on the industry.
Over supplied - NOT
Fed in Tariffs can't be collected - Partially accurate but apparently getting resolved.
US Tax credit reduction/ lapse will kill solar - Doubtful.
Incredibly this guy still gets a lot of press and has followers, but I can't for the life of me see why.
Roth Trims PT on JinkoSolar (JKS) to $35; Sector Sentiment Pressures Amid Solid Q3 Results, Guidance
9:08 AM ET, 11/20/2015 - StreetInsider
Roth Capital is trimming its price target on Buy-rated JinkoSolar Holding Co. (NYSE: JKS) from $40 to $35 following JinkoSolar's Q3 report and outlook on Thursday morning.
Analyst Philip Shen offered the following results on JinkoSolar's results: The fundamentals for JKS's module business are quite healthy through 2016. The company has more demand than its current capacity in 2016. ASPs are expected to be quite stable, and the company is expanding its capacity. Greater volumes from its Malaysian facility shipped to the U.S. will likely support margins ahead. Although the quality of Chinese project CFs remains low, we look for the government to resolve the issues of payments and prompt additions to the subsidy catalog at some point. When resolved, we expect this to be a positive upside catalyst for the stock (though it is tough to forecast the timing).
Although it beat the estimated, the results were worse than a year ago, which probably caused concern for some investors.
Thestreet is completely wrong. They switch per share data with ADR. You should read the ADR data, ignore chinese shares. I think it is 1:4. So 0.32 per share means 1.28 per ADR.
They know they can play with any domestic company listed in US market and pour money into it and dump it and do this over again and again with the help of SEC and believe it or not this govt is helping them in all ways they can to support their greedy easy money ....