A new flurry of noise indicates a showdown may be imminent in the ongoing solar trade wars between Beijing and the west, reflecting the very real possibility that many of China’s top players may be on the brink of bankruptcy due to a prolonged downturn for their sector. The sudden flurry of new noises comes as yet another top manufacturer, Yingli Green Energy (NYSE: YGE), has just pre-announced second-quarter results that show the industry’s long-anticipated recovery may be weaker than expected. (company announcement)
Tag Archives: China company stock news
Lenovo Waltzes With EMC, Eyes Nokia 联想“牵手”EMC
There are a couple of interesting news bits today on PC giant Lenovo (HKEx: 992), including a smart-looking new tie-up with data storage giant EMC (NYSE: EMC), and rumors that the company is weighing a potentially disastrous bid for struggling cellphone giant Nokia (Helsinki: NOK1V). All this comes as analysts and Lenovo itself are predicting it could overtake struggling Hewlett-Packard (NYSE: HPQ) for the title as the world’s biggest PC maker by the end of this year, becoming the first major Chinese high-tech brand to take such a global title.
Groupon Retreats, Dianping Mobilizes 中国团购业继续整合
The shakeup in China’s online auction space continues, with global pioneer Groupon (Nasdaq: GRPN) effectively retreating from the market just a year and a half after it entered while up-and-comer Dianping passes an important milestone in the mobile space. The shake-up has been going on since the beginning of the year, fueled by rampant competition that has caused many Chinese consumers to rapidly lose interest in group buying deals from companies that look increasingly shaky as many run out of cash and are forced to close or make massive cutbacks. Of course the big really news from this space has yet to come, but could be just a month or 2 away when I predict that cash-challenged giant LaShou will either be forced to shut down or get purchased by one of the industry’s stronger players. But more about that in a moment.
News Digest: August 1, 2012 报摘： 2012年8月1日
The following press releases and media reports about Chinese companies were carried on August 1. To view a full article or story, click on the link next to the headline.
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- Gaopeng, FTuan Combine to Form New Online Auction Company Groupnet (Chinese article)
- Hanlong Says China Approves $1.3 Bln Bid for Australia’s Sundance (Sydney: SDL) (English article)
- Alibaba’s TMall 3C, Appliance Transactions Up 200% YoY in H1 2012 (English article)
- Lenovo (HKEx: 992), EMC (NYSE: EMC) in Strategic Tie-Up, to Form JV (Chinese article)
- Dianping Says Mobile Users At More Than 40 Mln, Figure Surpasses PC Users (Chinese article)
- Latest calendar for Q2 earnings reports (Earnings calendar)
CNOOC’s Nexen Buy: Doomed to Fail? 中海油收购Nexen注定失败？
It’s been less than 2 weeks since Chinese oil major CNOOC (HKEx: 883; NYSE: CEO) announced its blockbuster plan to buy Canadian oil company Nexen (Toronto: NXY), and already we’re seeing swirls of controversy emerging in reports of insider trading and the hiring of political heavyweights around the deal. But I’m fairly certain these tales of minor intrigue are just a preview to the main show, which will see Canada and the US launch national security investigations that will ultimately sink this $15 billion deal.
Online Wars Hit Suning, No Relief in Sight 电子商务价格战拖累苏宁业绩
Here’s a word of caution to anyone who might have thought that China’s bloody e-commerce wars may start to ease in the second half of the year as companies start to run out of cash: Don’t get your hopes too high. That’s my main conclusion after looking at newly released first-half results for Suning (Shenzhen: 0020204), one of China’s top electronics retailers that seems determined to sacrifice short-term profits in its aggressive drive to build up its fast-growing online business. The big problem in China’s e-commerce wars, which began more than a year and a half ago, has been that most players have access to huge reserves of cash from outside sources and all have indicated they will continue to use that money to fund operations no matter how much their loses mount.
News Digest: July 31, 2012 报摘： 2012年7月31日
The following press releases and media reports about Chinese companies were carried on July 31. To view a full article or story, click on the link next to the headline.
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- Suning (Shenzhen: 002024) H1 Profit Falls 29 Pct to 1.74 Bln Yuan (Chinese article)
- US Lawmaker Asks For Conditions on CNOOC (HKEx: 883) Nexen Deal (English article)
- Starwood Hotels (NYSE: HOT) Opens First Dual-Branded Ski Resort in China (Businesswire)
- Caixin to IPO in Three Years – Sources (English article)
- Canadian Solar (Nasdaq: CSIQ) Updates Second Quarter 2012 Guidance (PRNewswire)
- Latest calendar for Q2 earnings reports (Earnings calendar)
ZTE Stock: Long Winter Ahead 中兴股价的冬天或将很长
Amid a growing wave of setbacks for telecoms equipment maker ZTE (HKEx: 763; Shenzhen: 000063), I thought it might be interesting to look at the company’s stock and whether it might be a good time to buy shares for a firm that seems to have good long-term potential despite its recent string of negative news. A quick look at the numbers leads me to conclude that despite losing nearly 60 percent of their value over the last 52 weeks, ZTE shares are probably still overpriced and are unlikely to make any major gains from their current levels over the next year.
News Digest: July 28-30, 2012 报摘： 2012年7月28-30日
The following press releases and media reports about Chinese companies were carried on July 28-30. To view a full article or story, click on the link next to the headline.
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- CNOOC (HKEx: 883) Hired US Lobbyists Prior to Nexen (Toronto: NXY) Bid (English article)
- Treasury Secretary Urged to Investigate ZTE (HKEx: 763) (English article)
- Huawei, ZTE (HKEx: 763) Among 13 Firms In MMP Infringement Complaint to ITC (Businesswire)
- US Sets Duties on Chinese, Vietnamese Wind Towers (English article)
- Trina Solar (NYSE: TSL) Statement on Request to EU to Initiate Trade Probe (PRNewswire)
- Latest calendar for Q2 earnings reports (Earnings calendar)
More Solar Winds: New Dawn Coming? 看好光伏产业东西合璧
Instead of lamenting the latest blow to the embattled solar sector that this time is coming from Europe, I’m going to take a different approach today and say that perhaps the ongoing flood of resistance from the west towards Chinese solar subsidies could actually have some positive long-term effects. The reason is this: Beijing, for all its good intentions, has shown it can throw money at developing industries to quickly establish big new manufacturers with major production capabilities. But those fast-rising powerhouses tend to be relatively bad at innovation, with many of the major new advances in the solar sector still coming from the west even as a growing number of players in the US and Europe go bankrupt.
News Digest: July 25, 2012 报摘： 2012年7月25日
The following press releases and media reports about Chinese companies were carried on July 25. To view a full article or story, click on the link next to the headline.
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- SolarWorld (Frankfurt: SWV) Files Anti-Dumping Complaint in EU-Source (English article)
- China’s Mobile Online Game User Base Reaches 78 Mln (English article)
- Ctrip (Nasdaq: CTRP) Reports Q2 Financial Results (PRNewswire)
- Regulator OKs Minsheng Bank (HKEx: 1988) A-Share Convertible Bonds (HKEx announcement)
- Apple’s (Nasdaq: AAPL) Rivals Swoop as iPhone China Sales Flag (English article)
- Latest calendar for Q2 earnings reports (Earnings calendar)
