May 06, 2013 at 11:30 AM EDT
Sino Cleantech April 2013 Report: Month of Consolidation Led By Water Losses

The China CleanTech Index fell slightly in April 2013 to consolidate some of the strong gains of the first quarter. Over the month, the Index outperformed only one of its four benchmarks.

The China CleanTech Index fell from 38.8 to 38.3 over the month of April recording a 1.2% loss. This compared to the NEX gain of 6.3%, the CTIUS loss of 1.0%, the Shanghai Composite loss of 2.6% and the MSCI gain of 2.9%.

The China CleanTech 20 also recorded a small loss of 1.5% for the month.

The Index performance is only ahead of the Shanghai Composite over the last three months and leads all but the NEX over the last 6 months.

The best performing sub-indices for the month were the China Solar Index with a 4.6% gain (recovering some of its 15% loss in March) and the China Wind Index with a 3.7% gain. The two weakest sub-indices through April were the China Water Index which recorded a loss of 6.0% and the China Environment Index recording a loss of 5.4%.
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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     Apr'13 3 Mths 6 Mths 12 Mths 3 Yrs
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China CleanTech Index  -1.2%  1.9%  18.3%  -7.8%  -54.7%
China CleanTech 20     -1.5%  3.4%  18.8%  -7.7%  -55.7%
NEX                     6.3%  8.2%  24.3%  10.0%  -36.9%
CTIUS                  -1.0%  3.1%  17.7%  10.4%   -0.3%
Shanghai Composite     -2.6% -8.7%   5.2%  -9.1%  -24.1%
MSCI                    2.9%  5.0%  13.4%  14.1%   23.2%
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The market capitalisation of the 150 stocks in the China CleanTech Index is CNY 795 billion, falling from its peak of CNY 911 billion in February 2011 but up from its trough of CNY 604 billion in November 2012.

The month's performance was driven by 7 companies having share price losses of more than 20%. The greatest percentage losses were recorded by CNPV Solar Power (ALCNP.PA) with a 53% loss and Chengdu Xingrong Investment Co (000598.SZ) with a 50% loss.

The greatest decreases in market capitalisation over the month were recorded by Chengdu Xingrong Investment Co. (000598.SZ) and China Yangtze Power Co. (600900.SS)

These were partially offset by gains from other companies with 10 companies having gains of more than 20%. The greatest percentage gains were recorded by Suntech (STP) on a partial recovery from its much publicised collapse followed by Canadian Solar (CSIQ - 63%) and Jinko Solar (JKS - 52%).

These best and worst performers are shown in the table below.
April 2013

Best Performers
Share Price Gain > 20%
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China Clean Energy Inc. (OTCQX:CCGY)
Canadian Solar Inc (NASDAQ:CSIQ)
JA Solar Holdings (NASDAQ:JASO)
JinkoSolar Holding Co., Ltd. (NYSE:JKS)
ReneSola Ltd. (ADR) (NYSE:SOL)
Suntech Power Holdings (NYSE:STP)
Trina Solar (NYSE:TSL)
Yingli Green Energy (NYSE:YGE)
China Datang Corp Renewable Power Co Ltd (HKG:1798)
Huaneng Renewables Corp Ltd (HKG:0958)
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Worst Performers
Share Price Loss > 10%
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Hanwei Energy Services (TSE:HE)
SmartHeat Inc (OTCQX:HEAT)
CNPV Solar Power SA
Daqo New Energy Corp. (NYSE:DQ)
China BAK Battery (NASDAQ:CBAK)
Chengdu Xingrong Investment Co.,Ltd (SHE:000598)
Duoyuan Global Water (OTCQX:DGWIY)
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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


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

Copyright (C) 2013 ABN Newswire. All rights reserved.

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