China Cleantech Index February 2013
Sydney, May 3, 2013 AEST (ABN Newswire) - The China CleanTech Index again rose strongly during February 2013 outperforming all of its four benchmark indices.
The China CleanTech Index rose from 37.6 to 40.2 over the month of February recording a 6.9% gain. This compared to the NEX gain of 2.1%, the CTIUS gain of 1.9%, the Shanghai Composite loss of 0.9% and the MSCI which was unchanged over the month. The three month gain for the China CleanTech Index now stands at 33.6%.
The China CleanTech 20 also recorded a strong gain of 5.9% for the month.
The Index performance is now ahead of each of its benchmark indices over the last three months and six months. Over the longer term, however, the Index still lags its benchmarks.
That cleantech stocks in China are not only outperforming other Chinese stocks but also global cleantech stocks is possible a measure of the heavy losses they have suffered over the last 2 years. The recent correction might be starting to reflect the value of the companies more accurately.
All but two of the sub-indices also recorded gains for the month. The best performing sub-indices for the month were the China Environment Index with a 20.4% gain and the China Water Index with a 15.7% gain. The China Environment Index has now recorded a 71.3% gain over the last three months. The two weakest sub-indices through February were the China Hydro Index which recorded a loss of 2.2% and the China Solar Index recording a loss of 0.5%.
-----------------------------------------------Percentage Change 2009 2010 2011 2012 -----------------------------------------------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%------------------------------------------------
-----------------------------------------------------Percentage Change Feb'13 3 Mth 6 Mth 12 Mth 3 Yrs-----------------------------------------------------China CleanTech Index 6.9% 33.6% 23.7% -10.6% -52.3%China CleanTech 20 5.9% 29.3% 23.6% -9.7% -55.0%NEX 2.1% 17.9% 16.7% -8.6% -38.0%CTIUS 1.9% 14.0% 17.7% 5.0% 10.5%Shanghai Composite -0.9% 19.4% 15.4% -2.6% -22.5%MSCI 0.0% 6.8% 9.8% 8.2% 24.0%-----------------------------------------------------
The market capitalisation of the 148 stocks in the China CleanTech Index is CNY 814 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 11 companies having share price gains of more than 25%. The greatest percentage gains were recorded by Hanwei Energy Services and China Datang Corp Renewable Power Co. The greatest increases in market capitalisation were recorded by Beijing Originwater Technology Co and Tianjin Capital Environmental Protection Group Co.
These were partially offset by losses from other companies with 10 companies having losses of more than 15%, led by Bodisen Biotech and Suntech Power Holdings.
These best and worst performers are shown below.
February 2013
Best Performers
Share Price Gain > 25%
Hanwei Energy Services (
TSE:HE)
Beijing SJ Environmental Protection and New Material Co. Ltd (SHE:300072)
Fujian Longking Co., Ltd (SHA:600388)
Shunfeng Photovoltaic International (HKG:1165)
Unilumin Group Co Ltd (SHE:300232)
Shenzhen Dongjiang Environmental Co Ltd
Heilongjiang Interchina Water Treatment Co Ltd (SHA:600187)
Tianjin Capital Environmental Protection Group Co., Ltd. (HKG:1065)
China Datang Corp Renewable Power Co Ltd (HKG:1798)
CleanTech Innovations Inc. (OTCQX:CTEK)
Huaneng Renewables Corp Ltd (HKG:0958)
February 2013
Worst Performers
Share Price Loss > 15%
Bodisen Biotech, Inc. (OTCQX:BBCZ)
E-Ton Solar Tech
JA Solar Holdings (NASDAQ:JASO)
Shanghai Chaori Solar Energy Science (SHE:002506)
Suntech Power Holdings (NYSE:STP)
Trina Solar (NYSE:TSL)
China BAK Battery (NASDAQ:CBAK)
C&G Environmental Protection Holdings Ltd (SGX:D79)
Duoyuan Global Water (OTCQX:DYNP)
Cleantech Solutions International Inc (NASDAQ:CLNT)
The China Cleantech Index is published each month on the Sino CleanTech website at www.sinocleantech.com and in Top Capital magazine in China. http://www.topcapital.com.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
To View the full report, please visit:
http://media.abnnewswire.net/media/en/docs/75141-sinocleantechFeb2013.pdf
About Sino CleanTech
Sino CleanTech publishes the China CleanTech Index and facilitates Chinese Cleantech investments and provides services to Government agencies across Asia to help stimulate investment in the Cleantech industry. These investments include looking at listed cleantech stocks and direct investment into projects and companies. Sino Cleantech is active in facilitating:
- Investment from Chinese investors into cleantech in both China and internationally; and
- Investment from international investors into the Chinese cleantech market.
Please contact us if you are looking for funding or seeking investments.
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