Chaowei Power Holdings 0951

Chaowei Power Holdings 0951

Postby winston » Fri Jan 21, 2011 7:59 am

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Pick to power gains

Friday, January 21, 2011

Our search for quality picks leads us today to Chaowei Power Holdings (0951), the top lead-acid-based battery maker in China.

This type of battery is the preferred choice of domestic electric bike makers because of low price and stable performance.

But the Ni-MH and Li-ion batteries are considered to be more environmentally friendly.

So Chaowei has started to research Li-ion motive batteries.

It has also begun producing batteries for electric cars and storage batteries for wind and solar energy.

The firm therefore stands to benefit from China's clean energy policy.

In December the stock fell to HK$2.16 from a peak of HK$3.48 after operations at its Shandong province factory were suspended following a case of suspected lead pollution.

But Chaowei also owns plants in Zhejiang, Henan and Anhui provinces. I am not too worried about the Shandong setback.

Chaowei will continue to be the leader in motive batteries. It closed at HK$2.49 yesterday and is not expensive at this level.


http://thestandard.com.hk/news_detail.a ... 10121&fc=8
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Re: Chaowei Power Holdings 0951

Postby winston » Wed Feb 16, 2011 8:01 am

Not vested. From Dr. Check, The Standard HK:-

Loan move takes toll
Wednesday, February 16, 2011

Chaowei Power Holdings (0951) was among stocks that gained ground yesterday, closing 6 percent higher despite a 1 percent fall in the Hang Seng Index.

I mentioned Chaowei in January when it traded at HK$2.45, or around 10 times 2011 expected earnings.

The firm is a leading manufacturer of lead-acid motive batteries for motorcycles. It also makes batteries for electric cars as well as storage batteries for wind and solar energy generators.

So, China's clean-energy policy will help the firm.
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Re: Chaowei Power Holdings 0951

Postby winston » Tue Dec 11, 2012 6:03 am

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Chaowei Power Holdings (0951) is a leading lead-acid motive battery maker in the mainland.

It has commenced production of batteries for electric cars and storage for wind and solar energy. It should benefit under China's clean-energy policy in the long run.

The lead-acid motive battery is the preferred choice for electric bike manufacturers, accounting for more than 90 percent market share, mainly because of its low cost and stable performance, compared to the nickel-metal hydride battery and lithium-ion battery.

Chaowei's stock fell from the HK$4.70 level in August to around HK$3.70 recently for no particular reason.

Dr Check believes the Zhejiang-based firm will continue to be the leader in motive batteries. Its shares currently trade at HK$3.90 - about seven times 2011 earnings, with 4 percent dividend yield. That is not expensive.

Source: Dr Check, The Standard HK
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Re: Chaowei Power Holdings 0951

Postby winston » Tue Jan 08, 2013 6:25 am

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On December 11, I talked about Chaowei Power (0951), a maker of batteries for electric bikes.

It has also started making electric- car batteries and storage batteries for wind and solar energy.

It should gain under the national clean energy policy.

The return so far is only 6 percent. The valuation is not expensive.


Source: Dr Check, The Standard HK
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Re: Chaowei Power Holdings 0951

Postby winston » Tue Jan 15, 2013 9:51 am

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Hony Capital sells entire stake in CHAOWEI POWER (00951.HK)

Hony Capital, owned as to 45% by Right Light, which belongs to the substantial shareholder of LENOVO GROUP (00992.HK), sold all its 150 million shares held in CHAOWEI POWER (00951.HK) at $3.85 - $4 apiece, cashing in $578 million - $600 million, foreign news agency reported. The placing agent was UBS.

Price of the shares of CHAOWEI POWER have soared more than 90% as of yesterday's close since
Hony Capital bought the shares in 2010.


Source: AAStocks Financial News
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