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When it will move?

Zelphon
Senior

06-Mar-2010 13:31

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Yells: "Hauttttttttt AHhhhhhhh !!!"

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The world is still running on oil...

Solar remains to be seen as profitable...

Anwell financial statement is pretty bad..

Many other better counters around now

Anwell is still on my watchlist but i think potential investors should review and wait...

Green Tech is a hype now and Anwell is too exp..

Applied Materials.. World leader in Semicon Equipment is bleeding heavily in their solar venture..

Just buy with caution...

And lastly... Anwell is a China Counter...

While it may benefits from China's tax benefits and reliefs..

There is massive political background on its penetration into global markets like Europe and USA...

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renzokun
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06-Mar-2010 13:22

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now undergoing correction..lookg at it like correct nt enuf, price goin downwards agian.. bt dun seem to haf veri bad news mah..

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pharoah88
Supreme

05-Mar-2010 16:52

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ANWELL shOuld Obtain iTS cErtificatiOn frOm the US Lab rather than a China Lab.

sOlar iS a GEMS

smartrader ( Date: 19-Feb-2010 20:08) Posted:

Anwell’s thin film solar panels beats industry average
conversion efficiency
Achieved conversion efficiency of 8.58%, certified by National
Laboratory of China

Tests done according to internationally recognized IEC61646 standard

On track to begin mass production of solar panels at 40MW plant in 1Q10

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des_khor
Supreme

03-Mar-2010 21:43

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Avoid china counters!

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smartrader
Elite

03-Mar-2010 21:34

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ANWELL TECHNOLOGIES LIMITED (REG NO. 200308707W)
ADDITIONAL INFORMATION ON FINANCIAL RESULTS RELEASED ON 25 FEBRUARY 2010
Anwell Technologies Limited (the “Company”) wishes to announce the followings in response to queries
raised by SGX-ST on 1 March 2010 in respect of the full year financial results of FY2009 that was
announced on 25 February 2010.
Query : The Company has recorded an 8% fall in sales from HK$905,370,000 for the year
ended 31 December 2008 to HK$828,607,000 for the year ended 31 December 2009.
However, we noted that trade receivables have increased approximately 19.2%
from HK$156,776,000 as at 31 December 2008 to HK$186,842,000 as at 31
December 2009. Please state the reasons for the increase in trade receivables
despite a fall in sales and to provide views on whether the Company is facing
problems with the collection of the outstanding receivables.
Response :
due from related parties which amounted to HK$51,950,000. Such amount was
classified as other current assets in FY2008 and was reclassified as trade and other
receivables in FY2009.
(ii) Barring any unforeseen circumstances, the Group does not expect to face any
problems with the collection of the outstanding trade and other receivables.(i) The increase in trade and other receivables was primarily due to reclassification of
Query : We also note that despite the fall in sales and inventories, the Company has
recorded approximately 21.3% increase in trade and other payables from
HK$488,408,000 as at 31 December 2008 to HK$592,655,000 as at 31 December
2009. Please provide an aging of the payables and reasons for the increase.
Response :
million in deposit and temporary receipt from customers and increase of HK$38.9 million
in trade payables. The amount of deposit and temporary receipt had increased from
HK$25.2 million as at 31 December 2008 to HK$95.9 million as at 31 December 2009
and the trade payables had increased from HK$215.4 million as at 31 December 2008 to
HK$254.3 million as at 31 December 2009. The increases were mainly due to the
increased business activities of the Group’s solar products division in the fourth quarter
of FY2009.
The aging analysis of the Group’s trade payables as at 31 December 2009 is shown
below:The increase in trade and other payables was mainly due to the increase of HK$70.7
As at 31 Dec 2009
(HKD'000)
0 to 90 days 175,593
91 to 365 days 74,575
Over 365 days 4,132
Total 254,300
BY ORDER OF THE BOARD
Fan Kai Leung
Executive Chairman and CEO

3 March 2010

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smartrader
Elite

19-Feb-2010 20:08

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Anwell’s thin film solar panels beats industry average
conversion efficiency
Achieved conversion efficiency of 8.58%, certified by National
Laboratory of China

Tests done according to internationally recognized IEC61646 standard

On track to begin mass production of solar panels at 40MW plant in 1Q10

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smartrader
Elite

17-Feb-2010 21:16

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Profit or loss report card ? Production and sales can only book this year ...

31-12-2009
Description	The Board of Directors of Anwell Technologies Limited (the "Company") wishes to inform that the Company will release its unaudited financial results for the 4th quarter and full year ended 31 December 2009 on 25 February 2010. The announcement of the results will be posted on the SGXNET after 5.06 pm on 25 February 2010.

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smartrader
Elite

14-Feb-2010 10:29

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it will stop falling when the top management put in more energy to bring the company to next leap.. depending on one technology will risk obsolecy..

ANTARTICA: Priceless holiday (by Anwell chairman)

Written by Franky Fan, Executive chairman, Anwell Technologies

Franky Fan and family flew 24 hours from HK to King George Island on Antartica for a most memorable holiday.

I TRAVEL a lot on business every year, but I make it a point to take a short annual holiday with my family.

The trip we made during Chinese New Year in February 2007 was the most memorable holiday for us – me, my wife, 11-year-old son and mother-in-law, who is in her 60s. For the first time, we travelled to Antarctica, which is the coldest and driest continent on Earth.

It took us 20 hours to fly from Hong Kong, where we live, to Punta Arenas in Chile, one of the southernmost cities in the world. From there, my family flew 3 hours early in the morning to reach King George Island on Antartica. The island is only accessible by flight during the summer of Antarctica.

As we approached the Antarctica, I gazed in amazement at icebergs and glaciers, some of which were shimmering blue from their compacted ice.

The unpolluted natural environment with its spectacular landscape reminded me of the awesome and savage power of nature. It looked like another planet as there are no trees, flowers or any greenery. The land is covered with ice or deep brown soil.

Antartica is like another planet. Franky Fan and son proudly unfurls the Anwell flag.

I thought of how nature could offer business opportunities for my company, Anwell Technologies which, incidentally, is now developing a factory in China to produce solar cells.

At King George Island, where wildlife is isolated, we admired its pristine beauty and serenity. This is the last piece of unpolluted land on earth as all garbage has to be carried away by ship or flight. This was the closest I had ever come to paradise, and I could still use my BlackBerry to access e-mail!

On King George Island, we visited Villa Las Estrellas, which is the first permanent human settlement there and which belongs to Chile. We visited its facilities and meteorological centre, and then various research bases where we were able to speak to researchers and learn more about their research projects there.

The bases of Chile and other countries such as China, Russia and Poland were within walking distance of one another. There is no hotel on Antarctica, and we stayed overnight in a 20-foot container with heating facilities. Our meals were simple, comprising fish and chicken.

Newborn weddell seal. Photo: Internet

Antarctica is notable for being the only continent with no native land mammals, reptiles, or amphibians. However, we could see many species of marine birds, penguins and weddell seals. The penguins were very curious and came out to check us out.

The guide, who has been living there for 26 years, told us that about 20 years ago, the entire island was covered by ice even in summer. But now, a small part of the island is uncovered as the ice melts away in summer.

It was not pleasant to learn how global warming has been affecting the natural environment, but it was a precious opportunity for us, especially my son, to learn all this first-hand.

Our trip from Hong Kong to Antartica and back to Hong Kong cost HK$60,000 per head. The charter flight from Chile alone cost US$25,000 for a maximum of eight passengers, which worked out to US$3,125 per person.

Yes, it was no low-cost holiday but the experiences we had and lessons we learnt were priceless.

Anwell Technologies (www.anwell.com) is listed on the Singapore Exchange.

Recent story: ANWELL on roadshow to highlight its solar story

This article along with several others were part of a holiday package put together by Leong Chan Teik for Pulses magazine a while back and is reproduced with permission.

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littlepea
Member

08-Feb-2010 16:46

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when will it stop falling? Smiley

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ozone2002
Supreme

19-Jan-2010 09:14

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broke high of 73.5

thinly traded stock..expect price volatility to be very large..

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tradersgx
Veteran

13-Nov-2009 00:21

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AnwellTech

---3 mths ended Sep 2009---

Net Loss (S$M)---

$ (7.80)

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tan698
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06-Nov-2009 11:00

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Thank You whoever recomend this stock. Good one. Now 63 cent.

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hsbhsb
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06-Nov-2009 10:12

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60.5 cts now!!!!
Smiley

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hsbhsb
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05-Nov-2009 11:19

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the title of this thread is quite funny.
cos now the answer is in the stock price . the stock is up & running....

58.5 cents!

are the buyers FA people, or simply momentum buyers?
Anwell is for FA, i think.

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smartrader
Elite

02-Nov-2009 09:15

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Leong Chan Teik says > Robert Stone is not your conventional investor – he understands pretty well the industry dynamics of the companies he invests in and he is into them for the long haul, even if some of the stocks don’t do well for quite a while.

If that begins to sound like Warren Buffett, he has the results to vindicate his approach which has led him to become a millionaire many times over.

Just consider his $2 million investment in the convertible notes of Anwell Technologies last year. And his $1 million cash investment for a stake in a new subsidiary of Singapore Windsor a few months ago.

Anwell’s CFO Ken Wu was in town recently for a roadshow to highlight the solar business that the company is about to go full swing into. Around that time, in my regular email interaction with Robert, I caught a whiff of Robert's views of Anwell's solar business. That eventually escalated into a full-blown article, upon my request, here.

Robert Stone owns 4.5 m shares of Anwell, and has invested $2 m in Anwell's convertible notes.

WHEN I INVESTED S$2m in the convertible notes of Anwell’s solar division just prior to the collapse of Lehman Brothers last year, I thought the biggest risk associated with the investment was whether or not the thin film solar line Anwell was building would actually work.

After the collapse of Lehman Brothers and the freezing of the credit markets, it seemed that not having sufficient cash to carry on with the solar project might be the greatest risk. However, with the government grants the company received as well as the cash flow from the optical disc business, cash has not been an issue for the company.

In the last 6 months or so, prices for both crystalline silicon and thin film solar modules have crashed due to a lack of financing for solar projects as well as overcapacity in the crystalline silicon sector.

On the positive side, Anwell has proven the ability of its equipment to manufacture thin film panels. On balance, I think the risk of the solar subsidiary being unsuccessful is less now that it was a year ago.

The recently-announced MOU with Solargen is potentially a huge source of income for the company. Assuming a range of US$0.20 to US$0.50/watt net profit, the total profit from this deal if it eventuates could range from US$250m to US$625m over a period of perhaps three years.

This is a huge amount but it’s not the potential profit that I think is significant. Instead, it’s the fact that an end user of thin film panels has chosen Anwell over Applied Materials. This despite Solargen stating on its website that it intends to use Applied Materials equipment.

Also significant is that Solargen has chosen Anwell’s amorphous silicon thin film technology over all the other types of technologies available. For solar generating plants, it ultimately boils down to which company and technology can provide panels at the lowest US$/watt.

The recent drop in thin film panel prices, while not necessarily favorable for Anwell’s panel manufacturing business, should benefit its equipment manufacturing business if lower prices spur greater demand for thin film panels.

I’ve always considered the solar equipment manufacturing segment the gem in the whole range of Anwell’s businesses. When it takes off, profit margins are likely to be high in comparison to any of the other business segments.In the longer term, the greatest potential for solar power generation is in China itself. Thomas Friedman recently described China’s decision to ‘go green’ as the 21st century equivalent of the Soviet Union’s sputnik launch.

There may be some hyperbole in that, but the seriousness of the Chinese leadership towards cleaning up the environment and reducing emissions from power generation should not be underestimated.

Although the government is not agreeing to mandatory caps on emissions under the Kyoto agreement, I believe that China will make larger and quicker cuts than any other major economy. This is not just about their determination to clean up the environment but is also due to the greater degree of control over the economy that they have relative to any other major country.

Specifically, the Chinese government has recently pledged to generate 15% of power from renewable sources by 2020. The target for solar power was raised from 1.8Gigawatts (GW) to 10GW by 2020. At the end of 2008, the installed solar capacity in China was in the order of only 100MW. The targeted installed capacity of solar is thus 100 times the existing capacity in 2008.

For wind power, the targets set by the Government just a few years ago have already been greatly exceeded. My bet is that the same success will occur with solar power generation in the next few years.

It will take some time for these plans to pan out. There are currently bottlenecks in the transmission infrastructure and a subsidy for solar power generating plants has only recently been decided upon as part of the ‘Golden Sun’ initiative.

In the last few months, several large solar farm agreements have been announced, the largest being 2GW in Inner Mongolia with First Solar providing the panels. These projects are likely to be just the first of many more which will be announced in the next few years.

Why is it reasonable to suppose that Anwell might benefit from this expansion in installed Chinese solar power generating capacity? If the solar power generating industry in China develops like the wind power industry there will be a favoring of domestic Chinese companies in the awarding of Government contracts.

Anwell may have an edge in winning contracts to supply panels and thin film manufacturing systems when bidding against foreign competitors. Anwell does not have any directly comparable domestic competition in the thin film sector so they will not just have the advantage of being the only Chinese company, they will also enjoy a much lower cost structure than their foreign competitors.

Franky Fan, chairman and CEO of Anwell, welcoming Premier Wen Jiabao to Anwell's factory in China in 2008.

Negative operational earnings for 3-4 quarters?

Anyone investing in Anwell now should expect to be patient. In my opinion, it is likely to be well into financial year 2010 before any significant income accrues to the listed company from the solar subsidiary.

In the meantime, I doubt that the earnings from the optical disc businesses will be great enough to overcome the drag of depreciation charges on the bottom line. For the next 3 or 4 quarters, I will not be surprised if operational earnings remain negative.

What is important during this period is that the cash flow from the optical disc business remains good and the amount of cash the company has on its balance sheet is sufficient. On both these counts, I think there is no major cause for concern.

In the last few months of 2008 and the first half of 2009, I accumulated 4.5m shares. I’ve started buying again, having just recently overcome my normal disinclination to buy anything that has escalated three times in price in the span of a few months.

For more on the writer: ROBERT STONE reaps rewards of 3 decades of investing

Read about Anwell CFO's recent meeting with analysts and fund managers: ANWELL on roadshow to highlight its solar story

Related Items

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smartrader
Elite

26-Oct-2009 21:32

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ANWELL on roadshow to highlight its solar story

Sunday, 25 October 2009

With land at a premium in Germany, solar panels are mounted on rooftops, farmhouses, even on soccer stadiums and along the autobahn. Though dispersed across the countryside, they are connected to the national grid, and utility companies are required to pay even the smallest producers a premium of about 50 euro cents a kilowatt-hour.
- National Geographic , Sept 2009

QUICK TO HARNESS the sun, Germany has transformed itself into the largest producer of solar power in the world, with a capacity of more than five gigawatts.

Halfway around the world, in China, the new production lines of Anwell Technologies are being finetuned to manufacture as many as a solar panel a minute for markets such as Germany.

Anwell, which is listed on the Singapore Exchange, has added the solar business to its portfolio, riding on the technologies that it has developed on the way to becoming the world’s No.2 manufacturer of equipment for manufacturing optical discs – such as CD-Roms and DVDs.

Anwell, which is headquartered in Hong Kong, has developed its own production lines for manufacturing solar panels, joining the ranks of only a handful of companies in the world with such a capability.

To be precise, there are only three others: Applied Materials (US), Oerlikon (Switzerland) and Ulvac (Japan).

Because Anwell not only designs and manufactures equipment but also manufactures the solar panels, its capex for equipment is much lower than all its competitors.

Anwell's solar plant in Henan is fully automatic. File photo by Leong Chan Teik

This is one of the competitive advantages of Anwell that its CFO, Ken Wu, highlighted during a series of meetings with analysts and fund managers in Singapore this week.

Being vertically integrated, Anwell pursues R&D which enables it to modify its equipment on the go for higher efficiency and quality – a privilege not available to competitors who buy equipment from third parties.

Anwell’s solar panels are of the thin-film variety, which delivers a lower cost per watt compared to conventional crystalline silicon panels. The latter are of mature technology which commands more than 90% of the market but is losing market share to thin-film technology which is superior technologically and has wider applications.

Ken said the market estimates are that thin-film panels could have a 50% share of the market in 10 years' time.

Starting in Q1 next year, sometime after Chinese New Year, Anwell will begin mass production from its 40 MW plant in Henan. The capacity will be ramped up to 120MW by the end of next year.

The solar business may be spun off in an IPO in three years’ time, said Ken.

Anwell's first solar panel. Chairman Franky Fan is third from left, with his top people.

Here are some highlights of the Q&A session that Ken had recently with analysts:

Q Will Anwell benefit from China’s ‘Golden Sun’ incentive programme announced two months ago?

Ken: If you invest in systems such as solar farms or construct buildings with thin-film windows, the government will give you 50-70% of the money. As a result, in the next few years, I expect there will be a lot of investment in solar in China. That will drive demand for solar panels, which is good for us.

Q China recently said it wants to curb the over-capacity of solar panel production. Does this apply only to crystalline silicon panels?

Ken: Yes, it doesn’t affect us. The supply chain for crystalline silicon involves many different types of players and it is easy to enter any of the business niches. So, in China, there are a lot of small companies in the crystalline silicon panel supply chain.

But for thin-film solar panels, the supply chain is short and, as you know, the capex is very high. Not many companies can raise that kind of money.

Q I read that Germany and other countries are cutting the subsidies for solar investments…

Ken: The incentives were set a few years ago, and are cut now because the costs of solar have gone down. In Australia, if you set up a 1 kilowatt solar system on your rooftop, the government would give you a A$8,000 rebate. Australia has recently revised this scheme. (See Australian media story here)

Q When do you guess that grid parity (the point at which solar electricity is equal to or cheaper than grid power) can be achieved?

Ken: It doesn’t really matter because the gap will continue to be filled by government subsidies. I don’t expect the subsidies to be stopped.

Q Is there a target that Anwell is raising the efficiency of its panels to?

Ken: We are doing R&D to improve the production process and we expect the efficiency level to be higher when we start mass production. At a higher efficiency level, each panel can generate more power and we can sell each panel at a higher price.

That is the only difference – the market price is set on a per watt basis, which currently is around US$2 per watt. I expect the price to drop next year but the production cost will also go down.

Q What’s the value of the recently announced contract by Anwell to supply 1.25 GW of panels to Solargen? (Delivery starts in 2011)

Ken: This will be according to the market price then. As it is a huge order, it will be delivered over three or four years.

Q When you start mass-production in Q1 next year, who would be your buyers? Is there a ready market?

Ken: Most buyers would be system integrators for solar farms in Europe and the US, who will set up the farms for investors. There is a ready market for the panels.

Q Why isn’t the China market taking off?

Ken: Because the Chinese policy was announced only two months ago, whereas in the US and Europe, they have been into solar energy for a few years already.

Recent stories:

ANWELL chairman: "From day 1, I knew we could be successful"

ANWELL produces its first solar panel

ANWELL shareholders keen to know about its new solar venture

Ken Wu, CFO, Anwell Technologies. Photo by Sim Kih

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smartrader
Elite

14-Oct-2009 21:26

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so much upside for this company...conservatively another 100% no problem...

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farshad
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06-Oct-2009 13:00

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Singapore, 5 October 2009 - Anwell Technologies Limited (“Anwell” or “The Group”) announced today that its wholly owned subsidiary, SUNGEN International Limited (“SUNGEN”), has signed a non-binding Memorandum of Understanding (“MOU”) with US-based Solargen Energy, Inc. (“Solargen”) to supply amorphous silicon (“a-Si”) thin film solar panels for Solargen’s large scale commercial solar farm projects.

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freeme
Elite

20-Sep-2009 19:56

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tat bec u bought after it cheong so much.. if u take a look at their bal sheet, its quite weak also..

upnowhere ( Date: 20-Sep-2009 19:51) Posted:

I bought SinoConst.. @0.24, the company got secure RMB $444 contract share prices drop to $0.18..

Got secure contracts also drop.. then drop talk about good story for this counter.. alamak.. luck like shit.. Smiley

freeme ( Date: 20-Sep-2009 10:50) Posted:

That is some problem face if u chase after a rising stocks px with its counter financial report still quite badly bruised.. But with a nice story beyond it..

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upnowhere
Senior

20-Sep-2009 19:51

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Yells: "Just want to earn a bit pocket $$$"

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I bought SinoConst.. @0.24, the company got secure RMB $444 contract share prices drop to $0.18..

Got secure contracts also drop.. then drop talk about good story for this counter.. alamak.. luck like shit.. Smiley

freeme ( Date: 20-Sep-2009 10:50) Posted:

That is some problem face if u chase after a rising stocks px with its counter financial report still quite badly bruised.. But with a nice story beyond it..

upnowhere ( Date: 19-Sep-2009 11:36) Posted:

liao... Buy @ $0.64.. Get in the wrong timing again.... Smiley

.. going to throw...all on tuesday.. dont care liao..

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