China CleanTech Index October 2014 - Growth Again Outperforms Global Markets

Sydney, Nov 10, 2014 AEST (ABN Newswire) - The China CleanTech Index recorded a 1.8% gain in October 2014 and outperformed all but one of its four benchmarks.

The China CleanTech Index rose from 47.75 to 48.59 over the month of October recording an 1.8% gain. This compared to the NEX loss of 3.2%, the CTIUS loss of 0.8%, the Shanghai Composite gain of 2.4% and the MSCI gain of 0.6%.

The China CleanTech 20 recorded a strong gain of 3.9% over the month.

The best performing sub-indices for the month were the China Hydro Index with a 6.5% gain and the China Wind Index with an 4.6% gain. The two weakest sub-indices through October were the China Environment Index and the China Waste Index that both recorded losses of 2.5%.

The market capitalisation of the 163 stocks in the China CleanTech Index is CNY 1.24 trillion, up a long way from its trough of CNY 604 billion in November 2012.

The month's performance was driven by 13 companies having share price gains of more than 15%. The greatest percentage gains were recorded by SmartHeat Inc (HEAT), Advanced Battery Technologies (ABAT.PK) and Tellhow Sci-Tech Co Ltd (600590.SS).

These were partially offset by losses from other companies with 7 companies having losses of more than 15%. The greatest percentage gains were recorded by RINO International Corporation (RINO), China Sun Group High Tech (CSGH.OB) and China Industrial Waste Management (CIWT).

These best and worst performers are shown below.

October 2014
Best Performers
Share Price Gain > 15%

SmartHeat Inc
Tellhow Sci-Tech C0 Ltd
Tinci Holdings Limited
Canadian Solar Inc
Daqo New Energy Corp.
JinkoSolar Holding Co., Ltd.
Trina Solar
Yingli Green Energy
Advanced Battery Technologies
C&G Environmental Protection Holdings Ltd
CT Environmental Group Ltd
China Ming Yang Wind Power Group Ltd
Cleantech Solutions International Inc

Worst Performers
Share Price Loss > 15%

China Energy Recovery Inc
HC Semitek
RINO International Corporation
E-Ton Solar Tech
China Sun Group High Tech Co.
China Industrial Waste Management Inc
Novarise Renewable Resources Ltd

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

To view tables and figures, please visit:
http://media.abnnewswire.net/media/en/docs/78626-OCT2014-ENG.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.

 

Contact

John O'Brien Managing Director, Sino CleanTech Ph: +61 419 826 372 john.obrien@sinocleantech.com Dorothy Zhao Manager, Sino CleanTech Australia: +61 432 294 989 dorothy.zhao@sinocleantech.com