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Cree, Inc. Message Board

jwm1031 5 posts  |  Last Activity: Aug 13, 2015 11:38 AM Member since: Feb 15, 2012
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  • Reply to

    Tsl debt

    by bulllip3652 Aug 13, 2015 10:16 AM
    jwm1031 jwm1031 Aug 13, 2015 11:38 AM Flag

    Don't know the answer but that was one of the factors in Goldman establishing the effect of the Yuan devaluation on companies such as Trina. For Trina, they determined an increase of profit equal to 5.6% for every 1 percent decrease in the value of the Yuan. 3 to 4 % decrease in the Yuan this week bodes well. I'm assuming that 5.6% took into account the denomination of debt, manufacturing and export cost changes and I'm hopiing it also included foreign currency effects on sales to China.

  • Goldman says Trina's profits will increase 5.6% for every percentage decrease in the Yuan. I assume similar logic should apply to JKS. Any thoughts?

  • Goldman says Trina profits will rise 5.6% for every percentage drop in the Yuan:

    As dust starts to settle, we want to know how a cheaper yuan impact the earnings of Chinese companies. Does China Southern Airlines deserve losing 14% of its market value?

    Goldman Sachs provided us with a list.

    Two mining companies Zhaojin Mining Industry (1818.Hong Kong) and Zijin Mining (2899.Hong Kong) will benefit quite a bit from a cheaper yuan. Goldman estimates that for every percentage depreciation in yuan versus the dollar, Zhaojin and Zijing will see their earnings rise by 8.7% and 8.3%. Yesterday, Zhaojin and Zijing rose 5.7% and 8.5% respectively.

    Solar company Trina Solar (TSL) is also a major beneficiary. Its earnings will rise by 5.6% for every percentage drop in yuan.

  • The tariffs apparently are retroactive, otherwise a reduction for the 2012 case would be meaningless. So, a positive for the 2012, a negative for recent and going forward. Will those be recognized this (3rd quarter) when CSIQ became aware or for past quarters? Thanks.

  • jwm1031 jwm1031 Jul 6, 2015 11:22 AM Flag

    Yes they do but do the components come from China? I don't think they escape the tariff.

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