China High Speed Transmission 0658

[winston]

Vested

Short-selling at 1.4m shares ( out of 6m shares )

Didn't the shorts get squeezed from HK$11.50 to HK$13.30?

And after the HK$1.80 rise, the short-sellers are back again ?

Isn't the Chinese Wind Industry growing about 25% to 35% a year and that most of the demand is for Gear-Box and not Direct Drive ?

[winston]

Monday Morning Short-Selling at 0.7m shares ( out of 3.8m shares )

[winston]

Vested

Monday Short Selling at 2.02m shares ( out of 7.9m shares )

[winston]

Vested

Tuesday Morning Short-Selling at 384,000 shares ( out of 4.2m shares )

[winston]

Vested

Tuesday Short-Selling at 900,000 shares ( out of 8.4m shares )

[winston]

Vested

Down 2.8% on no news.

It was not short-selling because the short-selling this morning was only 10% of the shares traded...

[winston]

Vested

Monday Short-Selling at 1.6m shares ( out of 7.9m shares ): 20%

[winston]

Vested

DJ MARKET TALK: BofA ML Cuts China High Speed Target To HK$10.60

1040 [Dow Jones] STOCK CALL: Bank of America Merrill Lynch cuts China High Speed's (0658.HK) target to HK$10.60 from HK$13.60, after lowering its 2011 and 2012 earnings estimates by 11.8% and 12.5% respectively.

It reiterates an Underperform rating on the stock. The house reduces its wind gearbox sales forecast by 600 megawatts for both 2011 and 2012 to 9.7 gigawatts and 10.7 gigawatts, respectively, given increased in-house wind-gearbox production and rapid capacity expansion by competitors.

The house says, rival Sinovel's expansion will likely challenge the company as it may not be able to secure sufficient orders to fully utilize its 12GW capacity.

The house reduces the company's wind gearbox gross margin assumption by one percentage point for both 2011 and 2012, to 27% and 26%, respectively, due to falling wind turbine prices, a smaller production scale and higher-than-expected costs.

The stock is down 2.3% at HK$11.96.


Source: Dow Jones Newswire

[winston]

Monday Morning Short-Selling at 430,000 shares ( out of 3.3m shares ): 13%

[winston]

Monday Short-Selling at 838,000 shares