Sorry Kingfrog, When JKS said "We are very pleased to welcome CDBI, MGCIF and New Horizon as partners in our downstream business." on July 30,2014 , I though that it was a partnership instead of just a way to add preferred stock. JKS has a knack for saying one thing and doing something else without informing anyone. The other time I clearly recall JKS doing this was when JKS was picking up the production capacity from Top Hat about a year ago. The results may not be bad but it does make you feel like a mushroom. I guess JKS did not what to just say that they were selling more shares to get more money.
Sentiment: Strong Buy
Earnings was withing expectations. The only negative was an explainable downside to non revenue projects for 2014. These projects will be picked up in first half of 2015. Including the shortfall in 2014, they are planning on 1GW of projects in 2015. The suggestion of an IPO in the US for the power business is interesting as one would have thought they may run the IPO through China. That should bode well for stock support this coming year. The pipeline they have should give room for drop downs to add to the IPO.
Guidance was fairly strong for a stable ASP this year. Only higher region ASP's are looking to be lower and that is being blamed on an expected suppressed currency exchange. The cost cutting in production should lead to margins maintained if not slightly higher than in Q3/Q4.
All told they shipped some 3.2GW to their own projects and customers. The guidance for 2015 is looking for a modest 2.7GW to 3GW for shipments to customers and an additional 600-800MW to internal projects. That gives targets between 3.2GW to 4GW total with a range of 3.6 to 3.8GW as very probable barring global disasters. That suggests 400-600MW as probable or 15-20% growth as quite likely. The only downside is that shipments to customers is flat to up 10% as they are choosing to take much of China as their own. This will be recouped and then some later in the IPO.
In General a nice story with reduced debt finance costs coming down the road in the next couple of quarters. A stronger more bullish story would have had 1GW of new projects for 1.8GW and shipments in the 3.2 to 3.4GW. The current guidance however would suggest there is the ability to revise upwards through the year. That is always better than pulling a Yingli and revising down from an overly bullish forcast like 2014.
I think the last post was pretty clear. If you didn't understand, "And Yet, not at $24.08...", then I don't know what to tell you. But please, do keep me posted. If at the end of the day it is ABOVE $24.08, you can have bragging rights.
And Yet it's not at $24.08 WHICH AGAIN is what I said to someone. If it goes past that TODAY, then you can say what you want.
David, you apparently aren't too bright yourself. During the conference calls, if investors like what they hear, you see the stock rise. The fall of the stock for most of the morning -especially during the call conference indicates investors were not impressed. The rise of JKS today is nothing spectacular as you can see others that didn't report today go are performing better than JKS. Also 1.7 million is a small volume so not sure why you are all that excited. Also, the comment that this stock will be over $24.00 today was ridiculous. It will get no where close to that today and that is what I stated and I AM currently right. I wish it would go past $24.00 today but it won't. The company said they have some price declines in Q1 of their ASP and that they expect that Q2 it will start to stabilize but look more towards the 2nd half of the year. JKS executives are not impressive at all when they talk and the fact that they couldn't and wouldn't commit to the IPO spin-off wasn't that impressive either. They said that they plan on doing IPO in the U.S. but only when the capital markets improve. Now there is something to be overtly impressed with, NOT!
How's that FOOT tasting biggestidiotintheworld?
JKS owes $70 million more than they did in Q3 and has added 145MW of plants. Even if the about 11% of production added and reported on Jan 6th was this quarter and you only valued the added plants at cost($1.25 per watt), then $1.25 X 145,000,000 = $181,250,000 $181,250,000 - $70,000,000 = $111,250,000. JKS stated that they expect to have built 1.5 GW of plants by the end of 2015. Maybe JKS will get an upgrade.
Sentiment: Strong Buy
cmh...kind of like the pot calling the kettle black huh? I was wondering what specifically did you hear on the conference call that would lead you to post such a "blanket" post stating "I listened to the conference call and didn't get much hope"...........REALLY. Are you even astute enough to understand English let alone assess what is being said in a conference call?
Guess the investing world does not agree with your analysis.....there goes a new day high after shorts tried running it down in premarket.
It sure is trying to go up...hug order @ $21.6 on the Ask...once it pops through that, it will take off.....providing the market does not go South.
Really? Because it is about to break even. I think it will break $24 today. And I am basing that off the last years worth of earnings beats, just like what happened today. Shorts may try to hold it down, but this stock will be back to $30 by the end of the month.
Another windbag making predictions that don't come true. Give it a rest with your pumping this trash up. To be up 10% means it would have to be $24.08 today from its close on Friday of $21.89...not going to happen today.