|
|
JA Solar wins outperform rating - but the public need much more information on Chinese companiesJA Solar, has just been rated with an outperform by Stuart Bush of RBC Capital Markets. A lot of solar companies suffer from a lack of vertical intergration with their silicon suppliers - but this cannot be said about JA Solar Holdings. Their mother company is Jing Long Group - the world's largest silicon wafer manufacturer - who supply JA with silicon wafers. Many people think that if anyone can make solar power cheap, it will be the Chinese manufacturers. And apparently, according to the same analyst, the manufacturing costs of JA Solar are half that of their European rivals - post raw material costs like silicon. Since going public on February 9th earlier this year, JA Solar has spiked up a couple of times, just above and just below 20. My general view is that there's a lot of pent-up interest in Chinese companies that stock exchanges have been slow to pick up on. So news that the Nasdaq Stock Market has appointed new management in Asia, seeking to boost listings by companies in China and elsewhere in the region has to be a step in the right direction. Not least because I was surprised to learn the other day that it is not yet a legal requirement for a company listing on AIM to have a website. It would seem to me that to have a website is the bare minimum of information a company should provide to any potential investor, but apparently not. This will however change as of 1st July. |

Leave a comment