China Cleantech Index May 2013 Report - Solar Recovery Drives 42% Index Gain over Six Months

The China CleanTech Index rose strongly in May 2013 to continue its strong performance for the year. Over the month, the Index outperformed all but one of its four benchmarks.

The China CleanTech Index rose from 38.3 to 42.7 over the month of May recording an 11.4% gain. This compared to the NEX gain of 12.5%, the CTIUS gain of 3.9%, the Shanghai Composite gain of 5.6% and the MSCI loss of 0.3%.

The China CleanTech 20 also recorded a good gain for the month of 7.9% although behind the wider Index showing that there is strong growth amongst some of the smaller stocks in the Index.

The Index performance is ahead of all of its benchmarks over the last six months recording an outstanding 42% gain.

The best performing sub-indices for the month were the China Environment Index with a massive 24.8% gain and the volatile China Solar Index with a 20.2% gain. The solar stocks with the biggest gains included some of the leading solar stocks such as Canadian Solar (51%), Hanwha Solarone (60%) and JA Solar Holdings (46%). The two weakest sub-indices through May were the China Hydro Index which recorded a gain of only 6.2% and the China Storage Index recording a gain of 6.5%.
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Percentage Change     2009   2010   2011   2012  
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China CleanTech Index 77.5%  -9.6% -48.0% -16.5% 
China CleanTech 20    59.6% -15.6% -47.4% -15.5% 
NEX                   39.7% -14.6% -40.2%  -5.5%  
CTIUS                 38.1%   7.3% -18.3%   7.3% 
Shanghai Composite    80.0% -14.3% -21.7%   3.2% 
MSCI                  27.0%   9.6%  -7.6%  13.2%  
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Percentage Change     May'13 3 Mths 6 Mths 12 Mths 3 Yrs
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China CleanTech Index  11.4%  6.3%  42.0%   6.9%  -43.6%
China CleanTech 20      7.9%  5.2%  36.1%   4.3%  -46.9%
NEX                    12.5% 19.2%  40.5%  41.2%  -16.8%
CTIUS                   3.9%  5.0%  19.8%  26.6%   18.2%
Shanghai Composite      5.6% -2.7%  16.2%  -3.0%  -11.2%
MSCI                   -0.3%  4.8%  11.9%  25.0%   36.3%
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The market capitalisation of the 150 stocks in the China CleanTech Index is CNY 886 billion, falling from its peak of CNY 911 billion in February 2011 but up a long way from its trough of CNY 604 billion in November 2012.

The month's performance was driven by 14 companies having share price gains of more than 40%. The greatest percentage gains were recorded by Cleantech Solutions International Inc (NASDAQ:CLNT) with a 104% gain, Fujian Longking Co (SHA:600388) with a 71.4% gain and Beijing Water Business Doctor Co (SHE:300055) with a 63.3% gain.

These were partially offset by losses from other companies with 9 companies having losses of more than 20%. The greatest percentage losses were recorded by China Sun Group High Tech Co. (OTCMKTS:CSGH) - 50%), Titan Wind Energy Co (SHE:002531) - 45.8%) and Zhejiang Narada Power Source Co (SHE:300068) - 43.1%)

These best and worst performers are shown in the table below.
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Best Performers
Share Price Gain > 40%
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Suzhou Hailu Heavy Industry Co., Ltd. (SHE:002255)
Beijing SPC Environment Protection Tech Co., Ltd. (SHE:002573)
Fujian Longking Co., Ltd (SHA:600338)
Canadian Solar Inc  (NASDAQ:CSIQ)
China Solar Energy Holdings Limited (HKG:0155)
CNPV Solar Power SA (EPA:ALCNP)
Hanwha Solarone Co Ltd (NASDAQ:HSOL)
JA Solar Holdings (NASDAQ:JASO)
Suntech Power Holdings (NYSE:STP)
China BAK Battery (NASDAQ:CBAK)
EVE Energy Co Ltd (SHE:300014)
Beijing Water Business Doctor Co., Ltd. (SHE:300055)
China Ming Yang Wind Power Group Ltd (NYSE:MY)
Cleantech Solutions International Inc (NASDAQ:CLNT)

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Worst Performers
Share Price Loss > 20%
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Shenzhen Refond Optoelectronics Co Ltd (SHE:300241)
Beijing SJ Environmental Protection and New Material Co. Ltd (SHE:300072)
Bodisen Biotech, Inc. (LON:BODI)
China Ritar Power Corp. (NASDAQ:CRTP)
China Sun Group High Tech Co. OTCMKTS:CSGH)
Zhejiang Narada Power Source Co., Ltd. (SHE:300068)
Beijing Originwater Technology Co., Ltd. (SHE:300070)
Shanghai Safbon Water Service Co (SHE:3000262)
Titan Wind Energy (suzhou) Co Ltd (SHE:002531)
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:
http://www.cleantechinvestor.com

and in China in conjunction with Top Capital:
http://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


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

Katie Xiong
Manager
Sino CleanTech
Australia: +61-411-638-603
China: +86-137608-85298
katie.xiong@sinocleantech.com
 


Source:

Sino CleanTech

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