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JinkoSolar (JKS)

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Is it fair to say the companies getting loans after STP bk are the ones china feels are strongest and will continue to back as demand ramps? So JKs,TSL, and SOL in last couple weeks all got loans from CDB? YGE almost guaranteed to be next....

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Guest solarcat

With the balance sheet that YGE has as well as negative margins, I would not be surprised if CDB said no. TSL and SOL have positive margins at least and have shown that are making progress. I assume JKS as well even though they report April 10th.

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Wait I thought Gordo just said week or two ago YGE and TSL face problems paying debt? What just happened? "Compared with Suntech, which couldn’t meet bond payments when due, Trina and Yingli have enough cash to meet their liabilities of convertible debt, Axiom’s Johnson said. Trina had $807 million in cash by the end of 2012, while Yingli had a cash balance of $490 million, according to data compiled by Bloomberg. Suntech and LDK haven’t reported 2012 results." http://mobile.bloomberg.com/news/2013-04-04/suntech-to-ldk-slide-on-debt-as-vipshop-gains-overnight.html

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Guest o1mbd

If brother number 1 can get the loan, i am sure bro number 2 will not have any problem getting loans. They are all connected.

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I would imagine it's a point of pride for the short seller to take a stock back to a retest of an all time low. Wait for $2, then get excited.

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Guest Lepv123

You really think we will test $2? I really don't believe that. In fact, I think we will start heading back to $5 level before earnings, then maybe retrace back to mid to low $4s after earnings.

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The chart has some support in the $3.50 range but if that breaks there is empty air between there and a retest of the lows.

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Guest Djovanny

Im ready to add TSL under 3.00 SOL under 1.50 ... JKS first target 4.xx . but againe its just my opinion

This what i sayd on march 13 .Jks failed to hold it , means most likely will go under 3 . Do your own DD

[*]

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I think JKS would reach profitability before than TSL. JKS is running at 100% utilization rate some months ago, with just 1.3GW module capacity, they now have more demand than they can deliver, so they are selecting who are selling to, placing their modules where they can earn more (maximizing ASP). At the same time, they buy almost all their poly on the spot market, in relative large amounts (for spot market), so they probably can get the lowest prices of the spot price range (better than any contract, at least for the moment).. And they are also very focused in getting down processing costs, they do not spend so much in R&D, but keep buying new equipment from top notch technology developers like GT Solar.. I don´t know if they can back to black in Q1 or Q2 or Q3, buy I think JKS can give a good surprise this wednesday.. just MHO

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JKS is running at 100% utilization rate some months ago, with just 1.3GW module capacity, they now have more demand than they can deliver, so they are selecting who are selling to, placing their modules where they can earn more (maximizing ASP).

Well based on latest export data (if correct), both 1.3GW capacity and selling into highest ASP markets are debatable.

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Well, that`s the CEO words: "Chen said his New York Stock Exchange-listed company is now dealing with more orders than it can handle, and production can't meet demand even at full capacity. Jinko therefore can be selective when accepting orders, and focus on those with higher profit margins from long-term clients, he said." http://www.ecns.cn/business/2013/03-12/53677.shtml

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Unfortunately, the latest export data is for February (not March) and per that data their annual capacity is greater than 1.3GW and they shipped nothing into the highest ASP market.

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Guest Klothilde

PLEAASE These are trade secrets. Use the discussion board for buyers of the data. Whoever wants the inside scoop on customs shipment registration ahead of earnings please buy the data. It is worth thousands and it only costs 27 Canadians.

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