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Net profit fell 49.5%. Another oneof those companies with too much hype.
29 cents is really too low a price for this counter
those with holding power can seriously consider buying and keeping it for long term.
i was surprised to find such good deal still available in such a bull market when so many counters are over-valued.
This is definitely worth investing looking at its past few years financial reports.
China is currently the world's 2nd largest consumer of energy, and with its pace of development might even overtake US as the highest consumer of energy.
Asia Power with its control of multiple power plants in China will definitely benefit from this,
Dividend has been constant and the company is earning profit year after year.
Water and Energy are 2 of the basic necessity of human, they are also counters least favoured by speculators.
Therefore, this is a good counter for long term investor as even a market crash will not likely affect its performance.
long term will gain maybe in abt 2-3 month time, now almost touches at 200 ma line
Macd is still rather weak, company have earn money so will not lose.
Only time the big boy dig up then go chance to go up up up
The company state that it will buy 2 plant if possible in every year.
1st the company to maintain the repair cost is very cheap bcos of hydro n wind plant.
So defintely it will gain in the long run'
Wow 1 hydropower station make occulus 0.415.
since AP has 5, AP should worth 0.36 x 5 = $1.80 !!
Just me dreaming...... anyway still cheap compared with the others listed on Hang Seng.
OCULUS LIMITED
(Company Registration No. 198304025N)
PROPOSED ACQUISITION OF HUNAN ZHANGJIAJIE CHALINHE ELECTRIC POWER CO., LTD
If this is the reason why OCULUS share price has surged to sky high....then ASIA POWER is really WAY WAY UNDERVALUED!!
Volumes and price picking up as expected!!
Aother undervalue stock worth looking at,
I expect this strong undervalue PRC infrastructurecounter get a big big boost from the CHINA funds coming..
.
Low 6X PE, much upside compared to CHina's 50X PE...
Buy cheap now and wait.....
Closed 36.5c ......price now lower than what POPULUS FUND had paid for Asia Power...good entry point again!!
Hydropower is the way to go!!
FY2006
In FY2006, the Group increased its equity stake in hydropower plant Sichuan Anning River Energy
Development Co., Ltd (?Anning River?) by another 30% to 51% via acquisition of Great Energy
Development Limited, thus achieved absolute control of our most profitable subsidiary. Anning
River has an installed capacity of 52 MW.
The Group also became the largest shareholder of Chongqing Yujiankou Hydroelectricity Co., Ltd
when it increased its equity stake in the 60 MW-hydropower plant by 5.69% to 31.6%.
In addition, the Group invested in Sichuan Jiajiang Qianfo Yan Hydroelectricity Co., Ltd, and Tian
Quan River Energy Development Co., Ltd with equity stakes of 9.3%, 24.9% respectively.
As of 31 December 2006, the Group has a total of nine power plants, five of which are hydropower
plants. The power plants have a total installed capacity of 550MW. The Group?s other assets include a power-related technology company and three power business consulting companies.
FY2006 also saw the Group setting up Asia Power (Leibo) Hydroelectricity Co., Ltd to manage a 40MW power plant, and Asia Power (Yunxian) Hydroelectricity Co., Ltd to develop the power industry in Yunnan in phases.
The Group maintained its strategy to focus its core businesses into environmentally friendly and
renewable energy power plants.
FY2006 also saw the Group moving its China administrative headquarters to Sichuan province, the
centre of the power generation industry. This move is meant to streamline processes and harness
the synergy between all the power plants owned by the Group in Sichuan.
FY07 Outlook and Prospects
We see FY2007 as a year of challenges and opportunities for the Group. We will continue to focus our strategy on developing environmentally friendly and renewable energy power plants to provide the highest standard of services that is unparallel in terms of safety and efficiency. As such, we see the Group foraying into new possibilities within the renewable energy arena and expanding into the
power-generating industry in Yunnan in order to create sustainable growth for the organization.
We firmly believe that the Group will continue to grow from strength to strength under the leadership of an experienced management team. There will be plenty of opportunities for the Group to grow given the high demand fueled by the robust China economy.
Asia Power's 2006 net profit almost doubles to $19.9m
Feb 22, 2007
ENERGY company Asia Power Corp saw a near doubling of net profit to $19.9 million for the year ended Dec 31, 2006 from $10.1 million the year before. This came on the back of a 23.6 per cent increase in revenue to $121.3 million, the group reported yesterday.
The mainboard-listed company proposed a final dividend of 0.9 cents and a special dividend of 0.2 cents per ordinary share. Asia Power's cash and cash equivalents at end-2006 were $24.2 million, up from $20.9 million. Revenue growth was largely attributed to the consolidation of the financial results of Sichuan Anning River Energy Development, which became a subsidiary of Asia Power at the end of FY2005.
Asia Power will continue to concentrate on hydro-electricity generating plants, which are its main engine of growth. In the second half of FY2006, the group invested in hydropower plants in Yunnan and Sichuan.
Asia Power said that China is expected to continue its strong growth, which will drive up electricity consumption - a plus for the group.
The group expects to see sustainable growth from its focus on renewable energy, with its hydropower plants in Neijiang and Anning River having 'significantly higher' gross profit margins compared to its coal-fired plant in Xinbao.
Asia Power's gross profit margin for the year was 24 per cent, up from 12.2 per cent the year before. Earnings per share was 5.62 cents, up from 2.90 cents a year ago.
21-05-2007
Emerging opportunity in China's power industry
BEIJING, May 21 -- To fuel China's rapid economic development, the country's demand for power is seeing an astonishing surge. However, the industry is facing a dilemma brought on by fast development and higher efficiency requirements.
What is the future development strategy of China's power industry? And what opportunities can global investors find in the blooming market?
Francois Nguyen, senior policy advisor from the IEA, or the International Energy Agency. He joined energy experts from around the world over the weekend in Beijing to attend the China Power and Alternative Energy Summit.
"For many countries, China has a golden opportunity for investment in clean and more efficient power plants."
Francois says his organization has estimated that in the near future the electricity sector will account for a larger part of the global investment in the energy infrastructure sector."In terms of the generation sector, there will be a global requirement of 5.2 trillion U.S. dollars, China alone will account for 23 percent of the global generation investment. The investment for China will reach 1.2 trillion dollars over the 2005-2030 period."
In accordance with the global economic growth, demand for power is surging, especially in emerging developing countries. Therefore, diminishing finite fossil fuel resources and the increasing cost of oil, gas and coal have become a significant threat to future energy security worldwide.
The serious environmental problems caused by traditional sources have also attracted more and more attention.
"It is a good time, it is a golden opportunity to implement more efficient generation technologies in most countries, as they are going to enter a new face of investment and those investments will remain for 30 to 50 years, or may be more."
As one of the fastest growing economies and a major power consumer, China is seeking to build a more intelligent structure for energy production.By the end of 2006, the country's total installation capacity reached 622 million kilowatt, rising 20 percent compared with the same period the previous year. The total electricity generation topped 2.8 trillion kilowatt last year, up 13.5 year-on-year.
China's power generation mainly relies on coal-fire generation.Sha Yiqiang, a Chinese energy expert, says such a fact is mind-disturbing.
"China's consumption of electricity has seen an average growth rate of over 10 percent over the past several years. If it continues to follow this rate, by 2020 China's overall electricity demand will reach 11trillion kilowatt. Therefore, the relative demand of coal will exceed 3 billion tons, which is 3 times the current amount. This is unpractical and unsustainable."
The electricity industry has long been a major resource consumer and polluter. It consumes over half of China's coal supplies, 40 percent of the water used by industry, and it also discharges over 60 percent of the overall sulfur dioxide emissions.China's power industry is facing challenges to achieve a sustainable development.Wang Qiang, a senior official from the state electricity regulatory Commission, says the situation must be changed.
"The problems accumulated during the recent development will limit the industry's healthy development, thus the requirement to accelerate the reform will become more and more urgent."
To move away from the current reliance on coal-fire generation, China is promoting the development of alternative energy, including nuclear energy and all kinds of renewable energy such as wind power, solar power and bio-fuels. According to the guidelines of China's renewable energy development, by 2020, renewable energy will account for 30 percent of the overall power generation.But, so far, alternative energy only accounts for a small part of China's energy structure.
"To promote the development of alternative energy is an important target and challenge for China's power sector. Therefore, there are lots of good business opportunities for all the global companies who want to participate in building China's alternative energy industry."
For businesses eyeing China's power market, IEA's Francois Nguyen believes it is a good time to choose the right technology and the smart investment. But to do that, investors need sound policy signals to support their decision.
The state electricity regulatory Commission's Wang Qiang says building a more energy efficient power industry is of major importance to build an energy-efficient and environmentally friendly country, following the blueprint of China's 11h five year program.
"Reducing energy consumption and pollutant emissions has been highlighted in China's electricity industry's reform agenda. For example, pricing mechanisms will be used to encourage cleaner energy development. Some measures will also be taken to ensure the priority of renewable energy development."
Close at 39c today! Will break 40c soon! The Best is Yet to Come!
Great news! It shows institutional investor's confidence in the bright future of this company!
POPULUS FUND becomes SSH of Asia Power!!
Renewable Energy is the Way to go!
Renewable energy - the next gold mine in
To further help drive this transformation,
At end-2005, hydro-power capacity reached 110 GW, compared with one GW in 2004 and only 0.492 million kW in 2000.
To achieve its target of 16 per cent renewable energy by 2020,
Volumes surged due to married deal....