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Friday, April 24, 2015 9:59:03 AM
MY...A new presentation (packed w/ info) was posted on Ming Yang's website a few days ago. What is so impressive is their financial indicators (slide 28). I also like slide 23 because it gives adjusted 2014 earnings and estimated 2015 earnings. And then slides 17 & 18 shows and details MY's SDC cutting edge technology. And slide 14 shows how they can customize products to fit all conditions in China, including turbines that can withstand up to 157 mph winds, and also turbines for low wind conditions. Lots of good stuff...
http://media.corporate-ir.net/media_files/IROL/23/238508/Company_Presentation_April_2015.pdf
On a side note, based on the Q1 2015 estimates MY gave in the Q4 report, Q1 is going to be a bit light. The rest of the year should be much stronger. Looks like estimated Q1 profits will be approx US$6.1M, approx US$0.05 a share. That compares to after one time gains/losses of approx $11.4M, approx US$0.09 a share in Q1 last year. (You'll see in the presentation above, Q1 last year was pretty decent).
For the full year, Ming Yang is estimating a 36% jump in revenues and estimated net profit of US$52M, approx $0.45 a share.
Cash, book value (BV currently $4.57 a share), and forward guidance all look good.
Trading above $3.25 this morning...NICE 1 month chart. Strong volume the past couple days. Ming Yang still trades way below book. Not sure where things go from here short term, but I'll be happy if we just hit book value with in the next year (approx $4.60), which would be approx 10 PE based on foward guidance.
MY remains my favorite energy stock.
One month chart...
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=my&insttype=&freq=1&show=&time=4
http://media.corporate-ir.net/media_files/IROL/23/238508/Company_Presentation_April_2015.pdf
On a side note, based on the Q1 2015 estimates MY gave in the Q4 report, Q1 is going to be a bit light. The rest of the year should be much stronger. Looks like estimated Q1 profits will be approx US$6.1M, approx US$0.05 a share. That compares to after one time gains/losses of approx $11.4M, approx US$0.09 a share in Q1 last year. (You'll see in the presentation above, Q1 last year was pretty decent).
For the full year, Ming Yang is estimating a 36% jump in revenues and estimated net profit of US$52M, approx $0.45 a share.
Cash, book value (BV currently $4.57 a share), and forward guidance all look good.
Trading above $3.25 this morning...NICE 1 month chart. Strong volume the past couple days. Ming Yang still trades way below book. Not sure where things go from here short term, but I'll be happy if we just hit book value with in the next year (approx $4.60), which would be approx 10 PE based on foward guidance.
MY remains my favorite energy stock.
One month chart...
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=my&insttype=&freq=1&show=&time=4
The information posted by 2morrowsGains is opinion only and should not to be taken as investment advice.
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