Amzn market cap is a symptom of this corrupted country !
Hanwha Solar One surprise resignation of President .... successor to Chairman Kim Seung - eldest son
(Input) 2014-04-23 19:22:45
(Tags) Hanwha Chemical (009830) Kim Seung - youn kyusel hinhwa Hanwha Hanwha Solar One
(Seoul = NSP communication bakjeongseop reporter) = the solar core subsidiary of Hanwha Group is listed on the U.S. stock market and the president of Hanwha Solar One surprise in light of the known honggijun Hanwha Solar One announces the resignation of the president honggijun. hong president to resign Kim Seung - youn yirwojin during the Chairman of the antifungal poured geotyieoseo be interested in resigning background. past president of Hong Kong in June 2011, Hanwha Solar One has to take charge of the president. gimdonggwan Hong, president of Hanwha kyusel successor Planning gimhoejang the eldest son to climb mulmang be. (I)
Jin Jiang International Hotels signs MOU with Hanwha Hotels & Resorts
Jin Jiang International Hotels signs MOU with Hanwha Hotels & Resorts
Apr 22, 2014
SHANGHAI, China - A Memorandum of Understanding (MOU) signing ceremony between two leading hospitality groups, Jin Jiang International Hotels and Hanwha Hotels & Resorts, was held at Jin Jiang's flagship business hotel, Jin Jiang Tower in downtown Shanghai. The signing of the MOU on behalf of the respective organizations were Mr. Simon Zhang, Chief Executive Officer at Jin Jiang International Hotels and Mr. Won-Ki Hong, Chief Executive Officer of Hanwha Hotels & Resorts and Vice Chairman of Hanwha Group.
Morgan Stanley’s Adam Parker and team refuse to give in to WS bearishness.
We don’t want to romanticize that we are contrarian bulls, but we do think that further multiple expansion is possible. Our case has been the dream that earnings will improve later in the year, and a belief that the Fed will remain accommodative…Moreover, while the base case for EPS growth for the market is pretty sober, the bear case remains improbable in our judgment. Low management hubris in terms of capital spending, hiring, inventory, and M&A, and high interest coverage make the top of the cycle unlikely to occur in the next 12 months. Hence, we think the multiple can creep toward 16x or more 12 months out…Our forecast for 2014 is about 8% upside from last Friday’s close.
Citigroup’s Tobias Levkovich warns investors to be wary of “sell in May and go away:”
When looking back more than 50 years, one can see that Sell in May led to weaker than random six-month performance but investors still made money in stocks 62% of the time. It is more useful to review those periods when the market did not track the script and behaved differently. It can be argued fairly successfully, that cyclical trends were more important to share prices than just mindlessly following some saying. Indeed, investors appear to care far more deeply about factors such as GDP, employment, etc.
We generated a positive net profit in January and the February of 2014. As we continue to raise production efficiency and leverage more of the cheaper local financing, we have confidence to gain even the higher profitability in 2014. We are very pleased with the success of our expansion in Turkey as the plant not only fulfilled its initial objective of serving as a buffer against the impact of these anti-dumping rules in the Europe but also help to further our penetration in Europe and the surrounding market.
Secondly, we plan to integrate our global supply chain for wafer. Wafer cost on average has historically accounted for about 40% of our total cost of the module. In 2014, we also plan to direct the purchase polysilicon and based on our current estimation can lower our average wafer cost by $0.02 to $0.03 in 2014, which translates to a potential improvement of about 300 to 400 basis points to our gross margin.
Thirdly, we hope to increase our manufacturing processes through equipment upgrade, recently in the first quarter, we invested in automated soldering machines that significantly upgrade our processing rate, while also effectively low level cost and the material waste, which will ultimately translate in to significant gross margin expansion. More importantly we were able to gain the favourable vendor financing for these machines, which limited the initial cash outlet and preserved working capital.
In the second half of 2013, we were able to localize our financing facilities in Turkey and the financial expense ratio was much lower than that in China. So, although this current labour cost in Turkey is relatively high, the lower financial expenses helped to generate a high net profit. And in fact we generated a positive net profit in January and the February of 2014. As we continue to raise production efficiency and leverage more of the cheaper local financing, we have confidence to gain even the higher profitability from our Turkey plant in 2014. We are very pleased with the success of our expansion in Turkey as the plant not only fulfilled its initial objective of serving as a buffer against the impact of these anti-dumping rules in the Europe but also help to further our penetration in Europe and the surrounding market.
Google it in Chinese
I agree with you on this part of your post. The Clarification of the 700MW MOU will come prior to the 1Q14 earning.
Sentiment: Strong Buy
first i dont have any other " # reasons " post. Second why you don't focus on the substance of the reasons instead of expressing your negativity.
It makes sense to combine Q-Cells and HSOL into one company . This will avoid internal competition & reduce cost for both companies. Hanwha is trying hard to depress the stock prior to announcing going private. They know HSOL will sky rocket if the MOU is announced and this is the reason there has been no news on the 700MW MOU. CEO resignation is also part of the efforts to depress the PPS.
How Hanwha $8B reward is relevant to HSOL? Maybe it will have benefits for HSOL in the long term but not in short term
1) Analysts pulled out of covering HSOL. S&P had Buy recommendation and stopped to cover HSOL a month ago
2) HSOL got rid of the CEO (or CEO resigned) without announcing immediately for replacement. HSOL indicated CEO replacement by 4/30/14 which could be the date for going private PR
3) It makes sense to combine Q-Cells and HSOL into one company. This will avoid internal competition & reduce cost for both companies.
4) Hanwha tries hard to depress the stock prior to announcing going private. They know HSOL will sky rocket if the MOU is announced and this is the reason there has been no news on the 700MW MOU. CEO resignation is also part of this effort to depress the PPS
4) The short interest ratio is very small indicating WS is aware of some big PR coming soon
5) There is a big disconnection between the tiny MC of $230M and good fundamental of HSOL. Generally when a stock is very undervalued, the major shareholder is taking it out of the market in cheap
The only question now is how much premium they will give us for our shares. 20% or 30% or more ?
1. Reduction of H Group debt will also reduce the 600M debt of HSOL .
2. H Group indicates on its website that HSOL is its flagship. As a flag ship , HSOL will have benefits from the additional $400M capital.
3. HSOL is changing its biz model to be partial IPP. In order to develop its IPP biz model, HSOL will need more capital that will be provided by H Group.
Just remember that HSOL is the flag ship of Hanwha Group. Next news this week will be finalization of the 700 MW deal.
Hanwha launches TODAY $400 Million GDR to raise money mainly for solar