CSIQ make quite good profits up to this point make sense. But it's gross margin keep on dropping as lucrative project are completed and delivered.
Do you know JKS report 2012/Q4 results with diluted loss per American depositary share ("ADS") was RMB34.32 (US$5.51). $5.51 loss per share in a quarter is a very big number . Can you explain why? In my mind, be careful to touch JKS stock.
Too bad, some of JASO's good news are in Chinese only.
Google the topic and use the translator to interpret it.
CEO said: Q1 all booked.
Looks like a good Q1 result is on the way. JASO is stronger and bigger.
The only thing that I don't like about JASO is the announced buyback program.
Does anybody know anyway that shareholder can ask BOD about the buyback issue?
From Yahoo Key Statistics
Jaso has only 25.46M Floating shares
TSL has 79.14M Floasting shares
Jaso's trading volume is higher than TSL for the last two days.
Jaso's trading volume is also higher than TSL up to this moment Today.
Shorts are nervous?
From the CC, JA solar is doing fine.
High efficiency module capacity expansion, 200M to 300M downstream project plus DG for 2015.
New coming DIV is $0.25 a quarter. The reported NII $0.26 is for the Quarter when div is $0.333.
With the new DIV, PSEC will save around 24M each Quarter to reinvest (around 100M annually). NII should gradually increase. NAV will begin to increase when OIL can't keep on dropping.
I like both JASO and TSL.
But I think Jaso should be traded higher than TSL.
JASO's earning power is better than TSL, and will continue at least for a while.
JASO High efficiency Module (280W+) is ahead of TSL for 6 months. TSL just announced it will begin to produce it. I would think the TSL's mass production available for market should be 4 to 5 months later. Jaso is already Mass Production, and dominate the Asian Market.
Jaso's Module market share is #1 in China, #1 in Japan. Of course #1 in Asia.
Asian Solar Market is so big now and become more important. Why Jaso is traded below TSL?
Jaso should list in Hong Kong market. Then the price can be much higher.
Most of the Jaso's market activity can be seen in Chinese.(not English). Why listed in WS.
google it "晶澳新年寄語", then use MS BING translator to interpret. Personally, I prefer Bing's translator.
On 1/27/2014 Nasdaq report Jaso's Institutional Holdings
Increased Positions 50 15,221,336
Decreased Positions 46 4,936,730
Held Positions 20 4,610,128
Total Institutional Shares 116 24,768,194
It has increased a lot already. New data will keep on updating...
TSL recently announce pilot production of high efficiency cells (multi 20.76% to 21.4%). It reminds me of the FSLR's TetraSun high efficiency product. TetraSun claimed to have over 21% cell efficiency more than a year ago, but FSLR has tons of problem of mass production this product. Both FSLR & TSL cell efficiency are very close, the module can produce over 300+W for 60cell.
Now FSLR's CdTe has also reached the 21% mark and give FSLR a lot relief of producing TetraSun to the market. Nevertheless, I still think TetraSun should be able to hit the market this year to target the Japanese market very soon.
As for TSL's Honey Plus product line, TSL looks to have done better job than FSLR and begin able to do the pilot production. Now the question is when TSL can cost effective mass production it ? It take time to set the production lines.
Jaso now enjoy the leading high efficiency module position, it has mass produced cost effective 280+ Watt in the market now. In Q4/2014 Jaso also built some small scale DG projects in Asia market. Jaso's Q4/2014 and Q1/2015 are supposed to be quite good since there is no strong high efficiency competitor.