China High Speed Transmission 0658

[winston]

Vested

Big elephant selling 100,000 shares @ 9.82 thru UBS

Today's Selling thru MS, ML, BOCI & UBS

Today's Buying thru ML & Citi

So what's ML doing ? Cant decide whether to buy or sell ?

[winston]

Vested

Monday Morning short-selling at 113,000 shares ( out of 1.85m shares ); 6%

Sell orders thru MS, UBS, Barclays & CS

[winston]

Vested

Thursday morning short-selling at 319,000 shares ( out of 3m shares ): 11%

Selling is thru MS, UBS & DB

Buying thru JPM ( which owned a 11.6% stake )

[winston]

Vested

Friday Morning Short-Selling at 416,000 shares ( out of 3.25m shares ): 13%

Selling thru MS & Barclays

Buying thru Macquarie

[winston]

Vested

DJ MARKET TALK: China High Speed +3.1%; FY Results Above View -GS
Mar 28, 2011

1141 [Dow Jones] Goldman Sachs notes its FY10 net profit rose 43% on-year to CNY1.38 billion, which is 7.0% above the house's estimate, mainly due to the net gain from convertible bonds and equity swap accounting, which alone represented an on-year rise of CNY251 million in pre-tax profit.

"We see difficult earnings growth in 2011 and 2012 unless gross margins and new businesses earnings significantly exceed (our) forecast."

It also expects CHST's overseas earnings growth may be insufficient to mitigate a slowdown in domestic businesses such as wind gearbox. It keeps the stock at Neutral with a HK$12.00 target.


Source: Dow Jones Newswire

[winston]

Vested

Friday short-selling heavy at 1.16m ( out of 7.7m ): 15%

In the aftenoon, you can the selling thru MS while someone thru macquarie was buying ...

[winston]

vested

Down about 10% before lunch on no news.

Selling was thru ML, CLSA & Barclays

Buying thru GS & MS

Wednesday Short Selling at 792,000 shares ( out of 16m shares ): 5%

So the selling today was genuine and was very heavy.

[Atlas]

MARKET TALK: CHST, Goldwind Tumble; Government Ends Subsidies (Dow Jones News)
Date: 2011/06/08 14:32


1418 [Dow Jones] China High Speed Transmission (0658.HK) tumbles 7.5% to HK$8.67 and Goldwind (2208.HK) is down 3.1% at HK$10.14, hurt by news U.S. Trade Representative Ron Kirk said Tuesday that China has agreed to end subsidies to domestic wind-power producers.

The U.S. had demanded consultations at the WTO over what it alleged were millions of dollars worth of unfair subsidies to wind-power equipment makers.

Citigroup says "the regulatory environment for Chinese wind turbine makers will be tough, as the PRC Government does not need to support the industry given excessive production capacity."

The house adds that it thinks industry consolidation may take at least 1-2 years in 2011-12 to remove excessive production capacity.

Citi rates Goldwind at Sell although the stock is currently trading below its target price of HK$12.00.


Source: Dow Jones Newswire

[winston]

Vested in CHST

DJ MARKET TALK: China Wind Stocks Stabilize; Valuation Attractive-MS

1014 [Dow Jones] HK-listed China wind energy stocks are stabilizing after Wednesday's sharp falls following news from Washington that China will end its subsidies to wind turbine suppliers.

"We believe the market has over-reacted to this subsidy cut news. In our view, the subsidy cut will have little impact on China's wind sector," Morgan Stanley says.

It notes, component maker, China High Speed Transmission (0658.HK) received less than 1% of 2010 net profit from this policy, while leading wind turbine makers, such as Goldwind (2208.HK) received the subsidies back in around 2008-2009.

It tips attractive valuations for Chinese wind farms names after their recent correction. China High Speed Transmission is up 1.1% at HK$8.64 but the rebound remains modest after it fell 8.8% Wednesday, while Goldwind is down 0.4% at HK$10.02 after its 3.8% fall Wednesday; the HSI is off 0.3%.


Source: Dow Jones Newswire

[Atlas]

Just wanted to post the same article