In acutality if the market is gaining all time highs & if you look at the high flying American companies this stock
should be easily in the 30's already. Here is the problem. The market is being steered under the direction the government and its counterparts ( big investors ) to maximise their wealth accumulation to record levels. Many growing and upcoming companies including American and foreign are left to die in pain.
I was looking at JKS for the first time as an investment. Even at a P/E of four, I am cautious. This might be the greatest, most honest company in China, but I have been burned 3-4 times by bad accounting from a Chinese company.
the market is at all time highs and all the american #$%$ is unbelievably going higher each day non stop.
why is it that chinese #$%$ is not moving. when its gonna move higher. hold until death ?
There is no doubt that earnings will continue to accelerate because a greater and greater percentage of revenues with very high margins will be coming from downstream projects. The problem is the collection of the Accounts Receivable for this segment. If this is ever resolved this will fly. If not, JKS will continue to spin its wheels.
This is the best of the chinese solars, but never goes anywhere. at 4 p/e should be $60/share. When a stock does not move like this, there is an underlying problem somewhere. I have held for over a year with no profit. I will sell tomorrow.
i completely agree. If i would have been able to read PR from all China solar before they were release for the last 2 years and buy or sell at the close the day before knowing the numbers(CSIQ,TSL,JKS) i'd probably be in the red. This market is really sick and has nothing to do with fundamentals growth but more with manipulation.
see how they comfortably play this game each time after quarter results in. In the meantime wall street punishes China comapnies in particular because they are growing bigger and making more profits. the reward goes to US companies only and that not only in solars but to several companies listed here which can be evidenced if you look into the multi year highs of share prices of numerous companies which may be or not making profit
which makes them misplaced securities by the market...they didn't really go up when they upgraded guidance in December and January....eventually they will go up... but it will take time...two years from now these securities will be double what they are now
They beat in the 1st qtr, but didn't change full year guidance, which implies a second half slowdown. They said they are expecting a loss of orders (percentagewise) in China through Q3. Later on, they said they were being conservative about guidance and may update guidance in 2nd qtr call when visibility is improved. Also, they gave no new news on a yeildco spinoff, which implies softness in that area. Payment in China is slow, which they said accounts for the negative cash flow in the qtr. They expect to be cash flow positive in the 2nd qtr. On the plus side, margin was up and I expect them to stay good given that a greater percentage of the shipments to the US will come from the recently completed Malaysia plant which is not subject to US tariffs. Also, they seem to be doing a very good job of expanding into new regions.
Both beat estimate and both went down.
TSL was downgraded due to expectation that of worsening condition in China.
Did they say China solar market is getting worse.
Is that why jks is down today?
Tsl was down slightly yesterday and today it is very bad.