Sydney, Australia, Feb 9, 2015 - (ABN Newswire) - January 2015 Result: China CleanTech Companies Continue to Outperform
The China CleanTech Index recorded a 1.1% gain in January 2015 and outperformed all of its four benchmarks.
The China CleanTech Index rose from 52.70 to 53.27 over the month of January recording a 1.1% gain. This compared to the NEX loss of 1.5%, the CTIUS loss of 3.3%, the Shanghai Composite loss of 0.7% and the MSCI loss of 1.9%.
The China CleanTech 20 recorded a loss of 2.1% over the month.
The best performing sub-indices for the month were the China Storage Index with a 12.2% gain and the China Efficiency Index with a 9.7% gain. The two weakest sub-indices through January were the China Hydro Index with 7.3% loss and the China Water Index with a 0.7% loss.
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Percentage 2012 2013 2014 Jan 3 6 12 3
Change 2015 Mnths Mnths Mnths Yrs
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(CCTI) -16.5% 29.2% 18.8% 1.1% 9.6% 23.9% 18.6% 28.8%
(CCT20) -15.5% 24.1% 18.2% -2.1% 16.8% 29.3% 21.3% 19.6%
(NEX) -5.5% 53.7% -3.2% -1.5% -8.2% -12.0% -7.5% 26.8%
(CTIUS) 7.3% 37.0% -8.4% -3.3% -3.9% -8.8% -6.0% 20.8%
(SHCOMP) 3.2% -6.7% 52.8% -0.7% 32.6% 45.8% 57.9% 40.0%
(MSCI) 13.2% 24.1% 2.9% -1.9% -1.8% -2.1% 4.9% 35.2%
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CCTI - China CleanTech Index
CCT20 - China CleanTech 20
NEX - Wilder Hill New Energy Global Innovation Index
CTIUS - Cleantech Index
SHCOMP - China Shanghai Composite Index
MSCI - MSCI World
The market capitalisation of the 165 stocks in the China CleanTech Index is CNY 1.39 trillion, up a long way from its trough of CNY 604 billion in November 2012.
The month's performance was driven by 11 companies having share price gains of more than 20%. The greatest percentage gains were recorded by China Energy Recovery Inc (CGYV), China Clean Energy Inc. (CCGY) and SmartHeat Inc (HEAT).
These were partially offset by losses from other companies with 14 companies having losses of more than 10%. The greatest percentage gains were recorded by Daqo New Energy Corp (DQ), Yingli Green Energy (YGE) and Power Construction Corporation of China Ltd (previously Sinohydro Group Ltd) (601669.SS).
These best and worst performers are shown in the table below.
January 2015
Best Performers
Share Price Gain > 20%
China Clean Energy Inc. (OTCMKTS:CCGY)
China Energy Recovery Inc (OTCMKTS:CGYV)
SmartHeat Inc (OTCMKTS:HEAT)
Tellhow Sci-Tech
Shanghai Yanhua Smartech (SHE:002178)
Wuhan Linuo Solar Energy Group (SHA:600885)
Shenzhen Desay Battery Technology (SHE:000049)
Sichuan Tianqi Lithium Industries, Inc. (SHE:002466)
Sunwoda Electronics (SHE:300207)
Chiho-Tiande Group (HKG:0976)
Sinovel Wind Group Company (SHA:601558)
Worst Performers
Share Price Loss > 10%
Leader Environmental Technologies
Canadian Solar Inc (NASDAQ:CSIQ)
China Solar & Clean Energy Solns (OTCMKTS:CSOL)
Daqo New Energy Corp. (NYSE:DQ)
Green Energy Technology
Hanwha Solarone (NASDAQ:HSOL)
ReneSola (NYSE:SOL)
Sino-American Silicon Products
Yingli Green Energy (NYSE:YGE)
Advanced Battery Technologies (OTCMKTS:ABAT)
C&G Environmental Protection Holdings (SGX:D79)
Novarise Renewable Resources (ASX:NOE)
Sound Global (HKG:0967)
Power Construction Corporation of China (SHA:601669)
The China Cleantech Index is updated each month and published on the SinoCleantech website at www.sinocleantech.com. It is published internationally in conjunction with Cleantech Investor (www.cleantechinvestor.com) and in China in conjunction with Top Capital (www.topcapital.cn).
Monthly results can be emailed directly to interested parties by signing up to the distribution list at:
http://www.sinocleantech.com/e/cleantech_index.html.
To view the report, please visit:
http://media.abnnewswire.net/media/en/docs/79318-JAN-2015-ENG.pdf
About Sino CleanTech:
Sino Cleantech is the Chinese operational arm of Australian CleanTech based in Beijing and active in facilitating investment from Chinese investors into cleantech in both China and internationally; and investment from international investors into the Chinese cleantech market.
These investments include looking at listed cleantech stocks and direct investment into projects and companies.
The investment projects include a global operation to facilitate investment into large scale solar projects throughout Asia and Europe. This work involves connecting Chinese suppliers, equity investors and banks with international project developers in Europe, India, the Middle East and throughout Asia to help projects reach financial close.
Contact:
John O'Brien
Managing Director, Sino CleanTech
Ph: +61 419 826 372
john.obrien@sinocleantech.com
Dorothy Zhao
Manager, Sino CleanTech
Australia: +61 432 294 989
dorothy.zhao@sinocleantech.com
Source:
Sino CleanTech
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