Also means some funds bought at this price, wonder if there will be more showing above 5%
As investors buy/sell their shares via HK Bank, analysis on CCASS shareholding doesn’t provide much helpful information.
Nevertheless, it’s worthwhile to mention
(1) morgan stanley & jpmorgan chase are increasing their holdings;
(2) timber hill has been increasing/reducing shareholding intermittently.
One thing I found interesting is the way the cornerstone investors unloading their shares. It’s as if they had a mutual understanding as to who’s turn is it to unload. If without this understanding and they all rush in dumping their shares in the opening market at the same time, the price of 816 will be dropped sharply.
By the way, Greenwoods Asset further increased its stakes on 816 (bought 15,100,000 more shares).
Yes, state grid unload again. Of course it is organized. No one would put a few hundred million on the market and wait for owners to sell. They all have their counterparties. What you think of their share price recently? Very quiet market recently
I think the price will fluctuate within the range $1.85-$2.3 in the near term. I believe after May or so, the price will inch up as more data (such as better wind farm utilization hours, positive profit alert from peers) is available to investors/analysts.
No time to do some estimate, but I think the interim results will be quite ok. The management said “風電行業的最黑暗時代已經過去” and I take their word for it. Maybe, we can see a price of $2.6 by the end of this year.
Judging from the recent daily turnover and the fact that only one cornerstone investor (CSR) still holds 5% above, it seems to me almost all the offloading from the cornerstone investors will be completed by this month (end April?) or next (May).
Obviously, the share price is “depressed” by the heavy dumping in recent months, and when the overhang gone and the fact 816 share price has been in laggard of its peers (958 esp) and still a large valuation to its peers and more catalysts (injection and nuclear contribution in 2014), I do expect the share price will be up to some $ 2.6 in these months .
Again, you did a good job as always.
1. Information in hkex.com.hk’s “Disclosure of Interests” is incompleted, e.g. the 141,076,000 shares held by Shanxi Lu’An Mining Industry Group Co., Ltd is NOT shown in hkex but shown in 816’s 2012 annual report (page 16)(Chinese version).
2. China Guodian Corporation, Huaneng Renewables (HK) Limited (i.e. 958), Sinovel Wind Group Co., Ltd, CSR etc also hold more than 5%. Not sure whether any one of them will sell their shares, but if the experience from the past few months is any indication, they will do it orderly (I suppose).
Thanks, I just share some of my thoughts and I’m please if anyone finds my blog worth reading. ^_^
why does everyone sell ? haha and who is taking it
For most of the cornerstone investors, they already made enough profits and it’s time to reap it.
Also, this Firday, Fuxin will be elgible for short selling.
I look forward to see who are the buyers.
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