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Alternative Energy -Is Solar Power a Good Investment?

Alternative Energy -Is Solar Power a Good Investment?. Wong Lam Wai , David UID:2008085991. Copenhagen Conference 2009.

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Alternative Energy -Is Solar Power a Good Investment?

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  1. Alternative Energy -Is Solar Power a Good Investment? Wong Lam Wai, David UID:2008085991

  2. Copenhagen Conference 2009 ‘…..cutting our emissions in the range of 17 percent by 2020, and by more than 80 percent by 2050 in line with final legislation.’ A quote from President Obama ‘s speech in Copenhagen Conference 2009 Alternative Energy!!

  3. Solar Stocks GCL-POLY ENERGY 03800.HK SOLARGIGA  00757.HK APOLLO SOLAR EN 00566.HK COMTEC SOLAR  00712.HK SINGYES SOLAR  00750.HK LDK Solar Co-ADR (LDK), SunTech (STP), Yingli Green (YGE), Renesola (SOL), Solarfun Power Holding (SOLF)

  4. The Solar Stock The return of 3800.HK if you invest in March is Above 400% The return of HengSeng Index 200%

  5. The Solar Stock

  6. The Solar Stock

  7. What Happened? The solar stocks dropped sharply Some fell over 50% from its peak It has to do with the production chain of the solar cell

  8. Value Chain of Photo-cell

  9. Poly-Silicon Price US$450 US$60

  10. Winner’s Curse The spot price of poly-silicon falls by over 60% ($US450 => $US60) Cost of producing poly-silicon in China is ~$US50-$70/kg Basically, Most China solar company produce for Zero Profit or even Loss

  11. David’s Pick Rating for the whole industry: Underweight GCL-Poly Energy (3800.HK) and LDK Solar Co-ADR (LDK) : Long-Term Buy

  12. Reason for Long Term Buy of GCL-Poly Energy Policy Driven Factor: Small Poly-silicon producers with low capacity are forced out of business. Sovereign fund China Investment Corp. Bought 20% stake in GCL-Poly Energy Holdings Ltd.

  13. Reason for Long Term Buy of GCL-Poly Energy Market Factor: Relative low Cost : $US36.3/kg . Profit is ensured. Expected Rebound in Poly-silicon price and huge consolidation in the solar business

  14. Demand is the Key

  15. Value Investing p.16 of snowball. Famous saying from Warren Buffet "In the short term, the market is a voting machine. In the long run, it's a weighting machine"

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