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Re-look at Sunpower

daddyo
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19-Sep-2013 19:53

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This looks like an undervalued gem. In the right sector, good financials, low pe and trading below net tangible asset per share of about 31c. One minor issue is that it is an s-share.....but it doesn't mean that all s-shares are bad.

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ozone2002
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16-May-2013 15:59

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14 May 2013 17:39

Sunpower: 1Q2013 Net Profit To Shareholders Grows 29.4% YoY To RMB4.7 Million.

14 May 2013 17:39 Revenue grew 12.3% yoy on higher sales of Heat Exchangers and Pressure Vessels. Gross profit margin remained relatively constant around 23%. Group's proprietary technology in the energy-saving and environmental protection industry set to capitalize on the irreversible trend to develop low-carbon environment worldwide...

More information available here.

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ozone2002
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24-Apr-2013 23:39

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SUNPOWER: Artur sells but Asdew buys

Written by Sim Kih

Wednesday, 24 April 2013 07:00

Sunpower’s stock price has been suffering an overhang ever since substantial shareholder Artur Jurczakowski started offloading his holdings via open market transactions. Stock price was about 40 cents when he started selling in February 2011. It has been battered down by some 50% to about 20 cents since then. Bloomberg data

SUNPOWER GROUP’S substantial shareholder Artur Jurczakowski has been regularly offloading his shares -- but a Singapore fund, Asdew Acquisitions, has upped its stake in the past year.

Jurczakowski's latest announced disposals were in February 2013, when he sold 1.4 million shares at an average price of 20 cents on the 5th and 19th and his interest dipped below 5%.

Asdew Acquisitions, on the other hand, upped its stake in Sunpower from 3.57% as at 9 March 2012 to 4.29% as at 8 March 2013. Just check out the annual reports.

Asdew Acquisitions is a fund predominantly owned by former Kim Eng director Alan Wang.

In February 2013, Asdew emerged as a cornerstone investor of Mapletree Greater China Commercial Trust, one of the largest ever REIT IPOs in Singapore.

Last month, the high profile fund also took a placement of new shares issued by Sino Grandness Food Industry.

The placement increased Asdew's interest in the manufacturer and distributor of bottled juices and canned fruit & vegetables by 8 million shares to 18.8 million, making it a substantial shareholder with a 6.4% stake.

Guo_Feb11

Major shareholder Professor Guo Hongxin founded the company and now holds 23%. The key management collectively hold over 60% in the company. NextInsight file photo

Since then, investors chased Sino Grandness' stock price up by a whopping 39% to reach a historical high of S$1.26 on 19 April.

Will Asdew's interest in Sunpower work similar magic?

For the same magic to work with Sunpower, investors may have to wait out Jurczakowski's disposals.

Jurczakowski held 10.85% when he started his open market sales on 28 February 2011. He was still its fourth largest shareholder with a 4.86% stake as at 19 February 2013.

Sunpower's stock price was about 40 cents when Jurczakowski started selling back in February 2011.

Each transaction was between 20,000 to 40,000 shares and took place about twice a month.

These regular share disposals battered the stock down to about 20 cents.

Last week, its stock price plunged to a 3-year low of 16 cents before recovering to 17.5 cents. At this price, dividend yield is 0.86% and price earnings is only 3.5 times for FY2013 (Bloomberg data).

For FY2012, it is proposing a first and final dividend of 0.15-cent that goes ex on 2 May and is payable on 31 May.

The top three shareholders in Sunpower are executive chairman Guo Hongxin (23.19%) and executive directors Li Lai Suo (21.0%) and Ma Ming (17.36%).

In FY2012, its revenue decreased 6.1% to Rmb 1,173.3 million while net profit decreased 33.2% to Rmb 60.7 million.

The good news is: Gross profit margin increased from 21.9% to 25.1% due to better selling margins of heat pipes and heat pipe exchangers.

The company’s order book remains strong. It was Rmb 1.12 billion as at 26 February 2013.

Being a member of both China Petroleum and Chemical Corporation (“SINOPEC”) materials supply network and China National Petroleum Corporation first-tier network, the Group is pre-qualified to supply products to companies in the SINOPEC and CNPC groups.

Last year, Sunpower secured substantial contracts from long-term customers in various sectors. These customers included Sinopec Hubei fertilizer, Xining Special Steel, Ningbo Haiyue and China Huanqiu.

2013Apr22-Sunpower-stktable

It also penetrated the Mexican market in August 2012, providing key equipment for Braskem Idesa, a joint venture between Brazilian Braskem, the largest producer of thermoplastic resins in the US and the eighth largest in the world, and Mexican Grupo Idesa.

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ChillX
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08-Dec-2011 09:19

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Yells: "Bleh!"

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Simple answer in 2 words: China company

kokhong ( Date: 14-Nov-2011 15:56) Posted:

Financial results quite decent up by 25%... how come not moving still?

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ozone2002
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06-Dec-2011 20:50

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December 6, 2011, 5.28 pm (Singapore time)

Sunpower unit secures US$6.8m supply contract

By CARINE LEE

Sunpower Group Ltd on Tuesday announced that its wholly-owned subsidiary, Jiangsu Sunpower Technology Co Ltd, has secured a US$6.8 million contract with CTCI Corporation, the largest engineering, procurement, construction company in Taiwan.

Under the contract, Sunpower will supply high-end core equipment to CTCI Corporation, to be used by Arabian Industrial Fiber Company, a subsidiary of Saudi Basic Industry Corporation.

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kokhong
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14-Nov-2011 15:56

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Financial results quite decent up by 25%... how come not moving still?

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ozone2002
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09-Nov-2011 09:18

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Sunpower Group Ltd. announced that its wholly-owned subsidiary, Jiangsu Sunpower Technology Co., Ltd. (“Sunpower Technology”, has secured a US$8.6 million (approx. S$10.91 million) contract with Ma’aden Bauxite and Alumina Company, to supply 72 heat exchangers. Ma’aden Bauxite and Alumina Co. is a joint venture between the Saudi Arabian Mining Company, Ma'aden and US aluminium giant, Alcoa Inc. Expected to be delivered progressively in 2012 and 2013, the heat exchangers designed and manufactured by the Group will undergo stringent tests and will be certified by the American Society of Mechanical Engineers. (S$0.220, -2.22%)

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ozone2002
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28-Sep-2011 13:31

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still believe it still is :)

the recent announcement confirms it :)

ozone2002 ( Date: 27-Feb-2011 20:45) Posted:

MEGA GEM......

best kept secret

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vonntan
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28-Sep-2011 11:06

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Sunpower Group Ltd announced that its subsidiary, Nanjing Shengnuo Heat Pipe Co., Ltd has clinched a US$8.5 million1 (approx S$10.9 million) contract with JSW Steel Ltd or the third largest steel manufacturer in India and a unit of the Jindal Group, a conglomerate valued at US$12 billion.

http://sgsharemarket.com/home/2011/09/singapore-company-highlights-28092011/?=Sunpower

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francisd
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18-Mar-2011 09:27

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Yells: "BUY LOW SELL HIGH"

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Re look at this counter after dropping with this crisis. Cheers.

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commando
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27-Feb-2011 22:49

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Monday most S-chip will drop?

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ozone2002
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27-Feb-2011 20:45

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MEGA GEM......

best kept secret

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bsiong
Supreme

25-Feb-2011 09:31

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Yells: "The Greatest Wealth is Health"

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SUNPOWER Group – Result (Chan Wai Chee)
Recommendation: BUY (Maintained)
Previous close: S$0.39½
Fair value: S$0.79

Curiosity tries to kill the cat but heat-rod satisfaction brings it back.
Revenue up 25% y-o-y, gross margin at a healthy 26%.
Record bottom-line at RMB86m at a PAT margin of 9%.
· Twelfth 5-Year Plan has RMB4 trillion for renewable energy sector, in which Sunpower excels.
FY2011F valuation at only 6.5X P/E for a company with immense reputation in management, products and customers.
/ps/

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timqoo
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14-Feb-2011 19:20

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it did move today. open 0.540. high 0.545. low 0.525. close 0.525. currently MACD and stochastics shows it is moving down.

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Tropical
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14-Feb-2011 16:42

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Oops typo error.....is why....

Tropical ( Date: 14-Feb-2011 16:40) Posted:

Anybody knows where sunpower is not moving the whole day? Any news? Thks.

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Tropical
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14-Feb-2011 16:40

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Anybody knows where sunpower is not moving the whole day? Any news? Thks.

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masterlim8888
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21-Jan-2011 21:27

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on a charity note if you have made some profits, do contribute some back to society in need. its cny period.

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masterlim8888
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10-Jan-2011 20:50

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look at the px when i do the recommendation and the px now.

all the renewwable energy stock has surged, investors need to load up renewable energy now to maximize the margins.

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masterlim
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05-Dec-2010 15:14

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load up before you are left out.

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masterlim
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04-Dec-2010 11:59

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it has another leg up in the rally on monday. urging investors to place positions before you cant position at your favourable pxs.

pls refer to philips securities for the latest buy call report. it coincides with my intention and thoughts about this counter.

load up before you are left out.

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