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Yes I just read the report.

38.37% growth on profits q-on-q.

You bought yesterday? Today sure spike up!

Congratulations!

You are learning how to play earnings season correctly.

Learning to pick potential good stocks with good business prospects is the most important step!

 

Icymilo      ( Date: 11-Nov-2010 07:12) Posted: BT below is link to the report http://sunpower.listedcompany.com/news.html/id/229894 Icymilo      ( Date: 11-Nov-2010 07:10) Posted: Last nite, should see in sgx today. One reason i am looking at this guy is becuase China useage on energy is high and effectiveness is poor (top in world for managing energy consumption) They need company like this to help the country so that cost can be control, helping inflation / living cost

 

Yes you right. Sunpower has potential, thanks for introducing this stock to us 

If it was announced yesterday after market closed, today should see a spike.

You can confirm it was announced yesterday after market closed? 

 

BT below is link to the report

http://sunpower.listedcompany.com/news.html/id/229894

Icymilo      ( Date: 11-Nov-2010 07:10) Posted: Last nite, should see in sgx today. One reason i am looking at this guy is becuase China useage on energy is high and effectiveness is poor (top in world for managing energy consumption) They need company like this to help the country so that cost can be control, helping inflation / living cost BullishTempo      ( Date: 11-Nov-2010 07:04) Posted: 38.4% growth y-on-y IS VERY NICE GROWTH When was this announced?

 

Last nite, should see in sgx today.

One reason i am looking at this guy is becuase China useage on energy is high and

effectiveness is poor (top in world for managing energy consumption)

They need company like this to help the country so that cost can be control, helping inflation / living cost

BullishTempo      ( Date: 11-Nov-2010 07:04) Posted: 38.4% growth y-on-y IS VERY NICE GROWTH When was this announced?  Icymilo      ( Date: 11-Nov-2010 07:02) Posted: Sunpower’s net profit up 38.4% yoy to RMB20.4 million in 3QFY2010 • Revenue improved by 62.3% to RMB265.9 million in 3QFY2010 from RMB163.8 million in 3QFY2009 • Group optimistic on growing momentum of energy conservation and environmental protection • Secured RMB90.5 million in orders from repeat customers in the Purified Terephthalic Acid industry Singapore, 10 November 2010 – Mainboard-listed Sunpower Group Ltd. (“ 中圣集团”, “Sunpower” or “the Group”), a China-based heat transfer technology specialist engaged in the design, R&D and manufacture of customised energy-efficient, energy-saving and environmental protection products, recorded a year-on-year (yoy) increase of 38.4% in net profit attributable to shareholders of RMB20.4 million for the three months ended 30 September 2010 (“3QFY2010”). The double digit growth is attributable to the surge in delivery of completed orders for the Heat Exchangers and Pressure Vessels segment and Heat Pipes and Heat Pipe Exchangers segment

 

38.4% growth y-on-y

IS VERY NICE GROWTH

When was this announced? 

Icymilo      ( Date: 11-Nov-2010 07:02) Posted: Sunpower’s net profit up 38.4% yoy to RMB20.4 million in 3QFY2010 • Revenue improved by 62.3% to RMB265.9 million in 3QFY2010 from RMB163.8 million in 3QFY2009 • Group optimistic on growing momentum of energy conservation and environmental protection • Secured RMB90.5 million in orders from repeat customers in the Purified Terephthalic Acid industry Singapore, 10 November 2010 – Mainboard-listed Sunpower Group Ltd. (“ 中圣集团”, “Sunpower” or “the Group”), a China-based heat transfer technology specialist engaged in the design, R&D and manufacture of customised energy-efficient, energy-saving and environmental protection products, recorded a year-on-year (yoy) increase of 38.4% in net profit attributable to shareholders of RMB20.4 million for the three months ended 30 September 2010 (“3QFY2010”). The double digit growth is attributable to the surge in delivery of completed orders for the Heat Exchangers and Pressure Vessels segment and Heat Pipes and Heat Pipe Exchangers segment. Icymilo      ( Date: 11-Nov-2010 06:58) Posted: Sunpower bags RMB149.5 million (S$28.8 million1) contract with Asia's largest textile enterprise • Contract to supply energy efficient core equipment to Heng Li Petrochemical (Da Lian) Ltd • Adds to the list of major PTA projects secured by the Group • Contract highlights the Group’s proven expertise in PTA equipment manufacturing and stellar reputation in boosting energy efficiency Singapore, 10 November 2010 – Mainboard-listed Sunpower Group Ltd. (“ 中圣集团”, “Sunpower” or “the Group”), a China-based heat transfer technology specialist engaged in the design, R&D and manufacture of customised energy-efficient, energy-saving and environmental protection products for diverse industries, is pleased to announce that its wholly-owned subsidiary, Jiangsu Sunpower Technology Co., Ltd., (“江苏中圣高科技产业有限公司” or “Sunpower Technology”) has signed a RMB149.5 million (S$28.8 million) contract with Heng Li Petrochemical (Da Lian) Ltd. (“恒力石化（大连）有限公司” or “Heng Li Petroleum”) a subsidiary of Heng Li Group, (“恒力集团” ), one of Asia’s largest textile enterprises. Under the contract, Sunpower Technology will supply energy efficient core equipment made up of titanium and titanium alloy, for phase one of Heng Li Petrochemical’s Purified Terephthalic Acid (PTA) project. With a PTA production capacity of 1.2 million tons per annum, Heng Li Petrochemical aims to build a world class environmental plant that integrates energy efficient technology. This latest deal adds to the list of major PTA contracts that the Group has successfully secured with Zhejiang Shaoxing Yuandong Petro-chemcial Co. Ltd, Jiaxing Petroleum Co. Ltd, BP Belgium, etc. Using Sunpower’s highly advanced technological expertise; the pressure vessels will be made up of Titanium and Titanium alloy, a non-ferrous metal, which is considered a high-end product in the industry. Expected to be delivered in FY2011 and FY2012, the contract will positively impact the Group performance over the next 2 years.

 

I bought 5 lots at 34 cents, yesterday closing was 32 cents....damn it

but looks like can hold for long eh

BullishTempo      ( Date: 11-Nov-2010 07:02) Posted: IcyMilo,  Nice research on Sunpower! Did you buy some?  Icymilo      ( Date: 11-Nov-2010 06:58) Posted: Sunpower bags RMB149.5 million (S$28.8 million1) contract with Asia's largest textile enterprise • Contract to supply energy efficient core equipment to Heng Li Petrochemical (Da Lian) Ltd • Adds to the list of major PTA projects secured by the Group • Contract highlights the Group’s proven expertise in PTA equipment manufacturing and stellar reputation in boosting energy efficiency Singapore, 10 November 2010 – Mainboard-listed Sunpower Group Ltd. (“ 中圣集团”, “Sunpower” or “the Group”), a China-based heat transfer technology specialist engaged in the design, R&D and manufacture of customised energy-efficient, energy-saving and environmental protection products for diverse industries, is pleased to announce that its wholly-owned subsidiary, Jiangsu Sunpower Technology Co., Ltd., (“江苏中圣高科技产业有限公司” or “Sunpower Technology”) has signed a RMB149.5 million (S$28.8 million) contract with Heng Li Petrochemical (Da Lian) Ltd. (“恒力石化（大连）有限公司” or “Heng Li Petroleum”) a subsidiary of Heng Li Group, (“恒力集团” ), one of Asia’s largest textile enterprises. Under the contract, Sunpower Technology will supply energy efficient core equipment made up of titanium and titanium alloy, for phase one of Heng Li Petrochemical’s Purified Terephthalic Acid (PTA) project. With a PTA production capacity of 1.2 million tons per annum, Heng Li Petrochemical aims to build a world class environmental plant that integrates energy efficient technology. This latest deal adds to the list of major PTA contracts that the Group has successfully secured with Zhejiang Shaoxing Yuandong Petro-chemcial Co. Ltd, Jiaxing Petroleum Co. Ltd, BP Belgium, etc. Using Sunpower’s highly advanced technological expertise; the pressure vessels will be made up of Titanium and Titanium alloy, a non-ferrous metal, which is considered a high-end product in the industry. Expected to be delivered in FY2011 and FY2012, the contract will positively impact the Group performance over the next 2 years.

 

Sunpower’s net profit up 38.4% yoy to
RMB20.4 million in 3QFY2010
• Revenue improved by 62.3% to RMB265.9 million in 3QFY2010 from
RMB163.8 million in 3QFY2009
• Group optimistic on growing momentum of energy conservation and
environmental protection
• Secured RMB90.5 million in orders from repeat customers in the Purified
Terephthalic Acid industry
Singapore, 10 November 2010 – Mainboard-listed Sunpower Group Ltd. (“ 中圣集团”,
“Sunpower” or “the Group”), a China-based heat transfer technology specialist engaged in the
design, R&D and manufacture of customised energy-efficient, energy-saving and environmental
protection products, recorded a year-on-year (yoy) increase of 38.4% in net profit attributable to
shareholders of RMB20.4 million for the three months ended 30 September 2010 (“3QFY2010”). The
double digit growth is attributable to the surge in delivery of completed orders for the Heat
Exchangers and Pressure Vessels segment and Heat Pipes and Heat Pipe Exchangers segment.

Icymilo      ( Date: 11-Nov-2010 06:58) Posted: Sunpower bags RMB149.5 million (S$28.8 million1) contract with Asia's largest textile enterprise • Contract to supply energy efficient core equipment to Heng Li Petrochemical (Da Lian) Ltd • Adds to the list of major PTA projects secured by the Group • Contract highlights the Group’s proven expertise in PTA equipment manufacturing and stellar reputation in boosting energy efficiency Singapore, 10 November 2010 – Mainboard-listed Sunpower Group Ltd. (“ 中圣集团”, “Sunpower” or “the Group”), a China-based heat transfer technology specialist engaged in the design, R&D and manufacture of customised energy-efficient, energy-saving and environmental protection products for diverse industries, is pleased to announce that its wholly-owned subsidiary, Jiangsu Sunpower Technology Co., Ltd., (“江苏中圣高科技产业有限公司” or “Sunpower Technology”) has signed a RMB149.5 million (S$28.8 million) contract with Heng Li Petrochemical (Da Lian) Ltd. (“恒力石化（大连）有限公司” or “Heng Li Petroleum”) a subsidiary of Heng Li Group, (“恒力集团” ), one of Asia’s largest textile enterprises. Under the contract, Sunpower Technology will supply energy efficient core equipment made up of titanium and titanium alloy, for phase one of Heng Li Petrochemical’s Purified Terephthalic Acid (PTA) project. With a PTA production capacity of 1.2 million tons per annum, Heng Li Petrochemical aims to build a world class environmental plant that integrates energy efficient technology. This latest deal adds to the list of major PTA contracts that the Group has successfully secured with Zhejiang Shaoxing Yuandong Petro-chemcial Co. Ltd, Jiaxing Petroleum Co. Ltd, BP Belgium, etc. Using Sunpower’s highly advanced technological expertise; the pressure vessels will be made up of Titanium and Titanium alloy, a non-ferrous metal, which is considered a high-end product in the industry. Expected to be delivered in FY2011 and FY2012, the contract will positively impact the Group performance over the next 2 years.

 

IcyMilo, 

Nice research on Sunpower!

Did you buy some? 

Icymilo      ( Date: 11-Nov-2010 06:58) Posted: Sunpower bags RMB149.5 million (S$28.8 million1) contract with Asia's largest textile enterprise • Contract to supply energy efficient core equipment to Heng Li Petrochemical (Da Lian) Ltd • Adds to the list of major PTA projects secured by the Group • Contract highlights the Group’s proven expertise in PTA equipment manufacturing and stellar reputation in boosting energy efficiency Singapore, 10 November 2010 – Mainboard-listed Sunpower Group Ltd. (“ 中圣集团”, “Sunpower” or “the Group”), a China-based heat transfer technology specialist engaged in the design, R&D and manufacture of customised energy-efficient, energy-saving and environmental protection products for diverse industries, is pleased to announce that its wholly-owned subsidiary, Jiangsu Sunpower Technology Co., Ltd., (“江苏中圣高科技产业有限公司” or “Sunpower Technology”) has signed a RMB149.5 million (S$28.8 million) contract with Heng Li Petrochemical (Da Lian) Ltd. (“恒力石化（大连）有限公司” or “Heng Li Petroleum”) a subsidiary of Heng Li Group, (“恒力集团” ), one of Asia’s largest textile enterprises. Under the contract, Sunpower Technology will supply energy efficient core equipment made up of titanium and titanium alloy, for phase one of Heng Li Petrochemical’s Purified Terephthalic Acid (PTA) project. With a PTA production capacity of 1.2 million tons per annum, Heng Li Petrochemical aims to build a world class environmental plant that integrates energy efficient technology. This latest deal adds to the list of major PTA contracts that the Group has successfully secured with Zhejiang Shaoxing Yuandong Petro-chemcial Co. Ltd, Jiaxing Petroleum Co. Ltd, BP Belgium, etc. Using Sunpower’s highly advanced technological expertise; the pressure vessels will be made up of Titanium and Titanium alloy, a non-ferrous metal, which is considered a high-end product in the industry. Expected to be delivered in FY2011 and FY2012, the contract will positively impact the Group performance over the next 2 years.

 

Sunpower bags RMB149.5 million (S$28.8 million1) contract with Asia's largest textile enterprise
• Contract to supply energy efficient core equipment to Heng Li Petrochemical (Da Lian) Ltd
• Adds to the list of major PTA projects secured by the Group
• Contract highlights the Group’s proven expertise in PTA equipment
manufacturing and stellar reputation in boosting energy efficiency
Singapore, 10 November 2010 – Mainboard-listed Sunpower Group Ltd. (“ 中圣集团”,
“Sunpower” or “the Group”), a China-based heat transfer technology specialist engaged in the
design, R&D and manufacture of customised energy-efficient, energy-saving and environmental
protection products for diverse industries, is pleased to announce that its wholly-owned subsidiary,
Jiangsu Sunpower Technology Co., Ltd., (“江苏中圣高科技产业有限公司” or “Sunpower Technology”)
has signed a RMB149.5 million (S$28.8 million) contract with Heng Li Petrochemical (Da Lian) Ltd.
(“恒力石化（大连）有限公司” or “Heng Li Petroleum”) a subsidiary of Heng Li Group, (“恒力集团” ),
one of Asia’s largest textile enterprises.
Under the contract, Sunpower Technology will supply energy efficient core equipment made up of
titanium and titanium alloy, for phase one of Heng Li Petrochemical’s Purified Terephthalic Acid (PTA)
project. With a PTA production capacity of 1.2 million tons per annum, Heng Li Petrochemical aims to
build a world class environmental plant that integrates energy efficient technology. This latest deal
adds to the list of major PTA contracts that the Group has successfully secured with Zhejiang
Shaoxing Yuandong Petro-chemcial Co. Ltd, Jiaxing Petroleum Co. Ltd, BP Belgium, etc.
Using Sunpower’s highly advanced technological expertise; the pressure vessels will be made up of
Titanium and Titanium alloy, a non-ferrous metal, which is considered a high-end product in the
industry. Expected to be delivered in FY2011 and FY2012, the contract will positively impact the
Group performance over the next 2 years.

 

GAR at the moment is good for short-term and long-term play. So it is a pretty safe and low-risk play if you are prepared to hold at least 2 months.

Read the following news on CPO outlook till 2011.

http://www.palmoilhq.com/PalmOilNews/asian-crude-palm-oil-ends-up-highest-intraday-since-july-2008/ 

 

 

Just a quick reminder.

The less riskier approach is to buy after good earnings announcement not before.

Buying before announcement for potentially good stocks with potential good earnings announcement is just my personal preference which is also potentially riskier.

You may have noticed that some investors actually bail out of GAR yesterday at the last hour because of fear factor about earnings.

So reducing holdings to reduce risks may not be such a bad idea.

But since I bought most below 0.70, and having sold a portion at above 0.76. I am in a safe position. 

Not everyone can take risks. 

So just take note. 

BullishTempo      ( Date: 11-Nov-2010 06:12) Posted: DOW JONES POSITIVE +10

 

Any gd news for palm oil ? Has it reach another new high ?

icetomato      ( Date: 10-Nov-2010 23:53) Posted: market pulse Nov. 10, 2010, 10:43 a.m. EST Crude turns higher after bullish supplies data By Claudia Assis SAN FRANCISCO (MarketWatch) -- Crude-oil futures turned positive Wednesday after the Department of Energy's Energy Information Administration reported a decline of 3.3 million barrels in the nation's crude-oil supplies in the week ended Nov. 5. Gasoline stocks declined 1.9 million barrels, while distillates supplies dropped 5 million barrels, the EIA reported. The numbers ran counter to analyst expectations of an increase for crude stocks and smaller declines for crude products' supplies. Crude for December delivery added 35 cents, or 0.4%, to $87.07 a barrel on the New York Mercantile Exchange. Futures had turned lower minutes before the data on a broad commodities sell-off due to a rising dollar

 

NEW YORK (CNNMoney.com) -- U.S. stocks made a comeback Wednesday afternoon to finish higher, as the dollar turned lower after an earlier rally. But the gains were tepid as investors remained jittery ahead of the G-20 meeting.

The Dow Jones industrial average (INDU) added 10 points, or 0.1%, and the S&P 500 (SPX) rose 5 points, or 0.4%. The tech-heavy Nasdaq (COMP) added 16 points, or 0.6%.

All three major indexes had fallen sharply earlier in the session, with the Dow shedding 92 points, as the dollar soared to a one-month high against the euro and the yen. But stocks clawed higher as the dollar eased.

"We're seeing some abatement in the dollar's rally, which has contributed to the slight lift in the stock market," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.

Investors remain cautious ahead of the G-20 meeting, which starts Thursday. Worries about sovereign debt continue to underpin sentiment and that could keep stocks trading in a tight range this week.

"I suspect stocks will stay in a range, largely directionless, leading into the weekend," Luschini said. He expects that investors will be sitting on their hands as the world's major economies meet in Seoul and discuss currency exchange rates, among other global economic issues.

Stocks ended lower Tuesday, as investors also continued to grapple with the Federal Reserve's latest effort to stimulate the economy.

The Fed unveiled details about its first round of debt buying as part of its $600 billion Treasury buying plan.

Economy: The number of people filing for initial jobless benefits plunged to 435,000 last week, according to the Department of Labor -- the lowest number in four months and much better than expected.

The number of Americans filing new claims for unemployment last week was forecast to fall to 450,000, from 459,000 in the previous week, according to a consensus of economists surveyed by Briefing.com.

U.S. trade balance contracted by 5.3% in September, narrowing to $44 billion, according to the Commerce Department. It was expected to have narrowed to $44.8 billion in September, from $46.3 billion in August.

The October Treasury budget is on tap for Wednesday afternoon.

Companies: Macy's (M, Fortune 500) reported a quarterly profit of 2 cents per share, an improvement from its loss of 8 cents per share a year ago. Macy's increased its earnings guidance for the second half of the year. The stock fell 1.3%.

General Motors, which is readying a $13 billion initial public offering, reported third-quarter net income of $2 billion on revenue of $34.1 billion. The results marked the automaker's best quarter in at least six years. GM also said it expects to "post a solid and profitable first year post-bankruptcy."

Boeing announced that it canceled test flights of its 787 Dreamliner, after one of the new airplanes made an emergency landing in Texas. Boeing's (BA, Fortune 500) stock fell more than 3%.

Campbell Soup Co. (CPB, Fortune 500) lowered its full-year guidance because of weaker-than-expected results for its upcoming quarter. The company said it expects a decline of 1% in net sales for the quarter, along with a 6% drop in earnings per share. For the full year, the company now forecasts net sales growth of 1% to 3%, as well as growth of 2% to 4% in earnings per share. The stock slipped 3.3%.

Shares of Assurant Inc. (AIZ, Fortune 500) plunged more than 11%, making the specialty insurer the biggest loser on the S&P 500. The stock dropped after an article in the American Banker suggested the company is tied to evidence of "abuse" and "conflicts of interest."

After the closing bell, network equipment maker Cisco (CSCO, Fortune 500) reported a quarterly profit Wednesday that rose 8% from year-ago to $1.9 billion, or 34 cents per share. Excluding a one-time charge, the company earned 42 cents per share. That topped Wall Street's forecast for 40 cents per share. Cisco's stock rose 4.2% after-hours.

World markets: European stocks closed lower. Britain's FTSE 100 and the DAX in Germany declined by 1%. France's CAC 40 fell 1.5%.

Asian markets ended the session mixed. The Shanghai Composite dropped 0.6% and the Hang Seng in Hong Kong lost 0.9%, while Japan's Nikkei rose 1.4%.

Currencies and commodities: The dollar lost ground against the British pound and the euro, easing from highs hit earlier in the session. It remained firm against the yen.

Commodity prices, which have been on a tear as investors bet that the Fed's $600 billion boost will weaken the greenback, took a breather thanks to the dollar's surge. A weaker dollar typically supports commodities priced in the U.S. currency, such as oil and gold, while a stronger dollar adds pressure.

Gold futures for December delivery fell $10.80 to settle at $1,399.30 an ounce, backing off from its record high achieved on Tuesday. Silver for December delivery slipped $2.04 to $26.87 an ounce.

Meanwhile, oil for December delivery gained $1.09 to finish at $87.81 a barrel, the highest settlement since Oct. 2008, after a government report showed a surprise decrease in inventories.

Bonds: The price on the benchmark 10-year U.S. Treasury fell slightly, pushing the yield up to 2.67% from 2.66% late Tuesday. Earlier the yield had climbed to 2.74%

 

DOW

JONES

POSITIVE

+10 

 

Wow so late? I just woke up, had a good sleep  

icetomato      ( Date: 11-Nov-2010 01:37) Posted: Good night as in, "I'm going to sleep, good night!" hlfoo2010      ( Date: 11-Nov-2010 01:30) Posted: good night???

 

Good night as in, "I'm going to sleep, good night!"

hlfoo2010      ( Date: 11-Nov-2010 01:30) Posted: good night???? icetomato      ( Date: 11-Nov-2010 01:21) Posted: DJ seems like improving... Ok. Good night!

 

good night????

icetomato      ( Date: 11-Nov-2010 01:21) Posted: DJ seems like improving... Ok. Good night!

 

DJ seems like improving...

Ok. Good night!

 

 

Yup still have Olam.

Huh? You usually trade US market? Or HK? Or?

I also first time.

Gaecia      ( Date: 11-Nov-2010 00:55) Posted: tomato... r u still holding olam? i'll kiv it, any plans will be after Gar's results mid-day whether to transfer budget btw both. Learning to navigate local earnings season for the first time.. i wonder how u guys pull it off wif ease. icetomato      ( Date: 10-Nov-2010 23:27) Posted: Eh... how come I copy and paste so ugly one...........