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How about this ?
Touches 18.5 cts briefly only .....
As powerful as Jade or Armarda or Baker Tech or Rowsley ..... ?
Good news...
Singapore's SolarMorph Pte Ltd said that it has agreed to buy solar panel production equipment from Applied Materials Inc for a US$150 million plant which it plans to build in S'pore.
SolarMorph, majority-owned by Equation, said Applied Materials would deliver a fully- integrated thin-film solar panel production line next year. The automated plant, due to start production in Nov '08, would have the capacity to make 45 MW of solar panels a year, SolarMorph's founder Frank Phuan told a news briefing.
Phuan said that SolarMorph has already won a contract to supply a German firm with 20 MW of solar panels for the next 3 years.
hope so too.. bought 200 lots at 18 cents.. always cannot catch the new lows. anyway, not going to buy anymore if it moves up.... will sit back and watch the speedy recovery in the next few months..
hi smartrader,
hope you are right.. and hope it will go back to its high soon..
all the best.
bought 200 lots at 19.5 today... will buy up to a million for every new lows...
I concur...... Hopefully to see it above 30c after all these massive & illogical sell downs.....
May be you would think I am trying to make the share bullish.. but these are genuine facts, and opinion from me.
Solar Energy business is growing at rate of >40% per year. Currently, the industry is facing shortage of solar cells. There are 2 types of solar cells, Crystalline Silicon and Thin film. Thin film (what is going to be produced by Solar Morph) is becoming more popular due to simpler manufacturing process and hence cheaper.
Technology wise, I believe SolarMorph has backing from Germany Company. The founder of Solar Morph already has one local company manufacturing and selling Solar Power modules name Seaseap. It is a subsidiary company of Sunset Energietechnik from Germany. I believe the background is there and it may be related to USD120mil take off agreement mentioned in announcement.
Furthermore, the manufacturing process of thin film solar cell is very similar to semiconductor manufacturing process, which Singapore already has extensive experience. You could google and do some reading.
Looking into future, the prospect form Solar Cell is tremendous!! As I mentioned earlier the current growth rate is >40% per year and limited by shortage of Solar cells supply (thin film cell), but what is the potential of slowing down of demand and growth rate. As the installation is easier now and compatible with current electrical system, the industry (world) is expected to have more and more of solar cell, cause there is no reason not to have more as the energy from sun is free!! Current Solar Energy is only 2% of world energy consumption. I would not be able to tell you when demand would stop but just think, with the problem of oil price, global warming and others, the adoption rate of a efficient and green energy would grow tremendously.
Reason of Increasing adoption of solar Cell
Thanks to the R&D effort put by Germans (they are the biggest maker at the moment), Solar Cells are easy to install and could be integrated into Electricity Grid to house. Solar cells would generate electricity to the house and feed extra power to power grid. Some houses in US earn money from local utilities company after installing solar cell, as power generated is more than needed and supplied to other houses. In fact, founded of Solar Morph has already installed such unit in Singapore.
wonder when will we see the levels of .3 and above....might have to wait for a long long time... unless some great news comes about..
bought it at 0.29 .................
Thanks Henry.
Very weird, sell volume so high but price not going down.... guess force selling has stop is it?
Overall volume actually not bad...
i dun think it forceselling so simple. It is forcesell, shorting and funds throwing.
So take care.
Someone mentioned, the current price drop is due to force sell.
How does force selling work? How the system decide what price to sell?
forces selling... you mean contra player cannot afford to hold and forced to sell.
hold on to it.. it will rebound after the forced selling is completed.. likely Thurs or earlier
hi, new in this forum.
Equation like having diarrhea, price sliding down..
most probably would have another news for another S$25mil investment. As of future outlook, base of industry price of Thin film module which is about USD3/watt, so revenue from SolarMorph:
2008 - USD30mil
2009 - USD120mil
2010 - USD180mil
assuming price wouldn't change.
I am still holding, not sure to let go or not....
prob BBs trying to shake off contra people and others
haha...it is moving.... moving down... This is a very weird market. When there is no good news, it shoot up like nobody business. when there is good news, it drop instead...
it's moving...
watch for it..
SGX news this noon on proposed notes issue of this counter. It is a good news as pacific capital investment management is willing to pump in $35 million to equation for unsecured non interest bearing notes due in 2010. This show that during the market shake up, the investment company is confident of ths counter and the solar energy and recycle business. With the money, equation can invest in more good emerging projects.