The China CleanTech Index recorded a 3.2% gain in November 2014 and outperformed three of its four benchmarks.
The China CleanTech Index rose from 48.59 to 50.15 over the month of November recording a 3.2% gain. This compared to the NEX loss of 2.9%, the CTIUS gain of 1.4%, the Shanghai Composite gain of 10.8% and the MSCI gain of 1.8%.
The China CleanTech 20 recorded a strong gain of 4.8% over the month.
The best performing sub-indices for the month were the China Water Index with a 9.1% gain and the China Hydro Index with a 7.0% gain. The two weakest sub-indices through November were the China Solar Index with 6.0% loss and the China Wind Index with a 0.04% loss.
--------------------------------------------------------------- Percentage 2011 2012 2013 Nov 3 6 12 3 Change 2014 Mnths Mnths Mnths Yrs --------------------------------------------------------------- (CCTI) -48.0% -16.5% 29.2% 3.2% 7.2% 15.5% 10.6% 10.3% (CCT20) -47.4% -15.5% 24.1% 4.8% 6.7% 17.2% 1.4% 0.7% (NEX) -40.2% -5.5% 53.7% -2.9% -12.2% -8.1% 1.7% 36.4% (CTIUS) -18.3% 7.3% 37.0% 1.4% -6.4% -8.6% -3.9% 32.8% (SHCOMP) -21.7% 3.2% -6.7% 10.8% 20.9% 31.5% 20.8% 15.0% (MSCI) -7.6% 13.2% 24.1% 1.8% -0.5% 1.4% 6.8% 46.8% ---------------------------------------------------------------CCTI - China CleanTech Index
CCT20 - China CleanTech 20
NEX - Wilder Hill New Energy Global Innovation Index
CTIUS - Cleantech Index
SHCOMP - China Shanghai Composite Index
MSCI - MSCI World
The market capitalisation of the 163 stocks in the China CleanTech Index is CNY 1.28 trillion, up a long way 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 20%. The greatest percentage gains were recorded by China Industrial Waste Management (CIWT), China Energy Recovery (CGYV) and Advanced Battery Technologies (ABAT.PK).
These were partially offset by losses from other companies with 10 companies having losses of more than 20%. The greatest percentage gains were recorded by RINO International Corporation (RINO), Hanwei Energy Services (HNWEF.PK) and China Solar & Clean Energy Solutions (CSOL).
These best and worst performers are shown in the table below.
November 2014
Best Performers
Share Price Gain > 20%
China Energy Recovery
Ledman Optoelectronic
Tianli Environmental Protection Eng
Advanced Battery Technologies
Coslight Technology International Group
Zhejiang Narada Power Source
China Industrial Waste Management
Guangdong Golden Dragon Development
Guangxi Guidong Electric
Qian Jiang Water Resources Development
Zhongshan Public Utilities Group
Worst Performers
Share Price Loss > 20%
Hanwei Energy Services
RINO International Corporation
Canadian Solar
China Solar & Clean Energy Solns
China Sunergy
Daqo New Energy Corp
GCL-Poly Energy Holdings
ReneSola Ltd
Novarise Renewable Resources
China Windpower Group
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 the report, please visit:
http://media.abnnewswire.net/media/en/docs/78909-NOV2014-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'BrienManaging 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
Related Companies
Zhejiang Narada Power Source Co., Ltd
Tianli Enviromental Protection Eng Co
RINO International Corporation
Novarise Renewable Resources Intl Ltd
Guangdong Golden Dragon Development Inc.
GCL-Poly Energy Holdings Limited
Coslight Technology International Group
China Solar & Clean Energy Solns., Inc.
China Ming Yang Wind Power Group Ltd
China Industrial Waste Management Inc.
Advanced Battery Technologies, Inc.
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