Sunpower Ltd

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03 Apr 2017 11:57 #23727 by walterlim
Sunpower Ltd was created by walterlim
Been observing this share for some time. Very high revenue and profit growth for the past two years and management has been very vocal on winning new contracts and recording higher growth.

Multiple contract wins this year and management hinting on more contract wins.

Stock has been largely ignored by brokers so far apart from a non rated report from CIMB. However, was just reading the annual report and realised many brokerage are substantial shareholders, including UOB Kay Hian, Philips, OCBC.

Why did they not cover report on this stock then? Perhaps silently accumulating more before disseminating information to public?

Just last week Sunpower won another huge contract. Share price has escalated from 50c to 80c this year. With China growing participation in fighting pollution, this green energy stock has more leg to run

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13 Apr 2017 21:33 #23776 by pine
Replied by pine on topic Sunpower Ltd
In many annual reports, the names of the broking houses will appear among the top 20 shareholders. this doesn't mean they are the actual shareholders, instead they have clients with nominee accounts holding those shares.

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24 Apr 2017 22:04 #23789 by Lionel Lim
Replied by Lionel Lim on topic Sunpower Ltd
Sunpower shares are tightly held. Hence it is illiquid. That could be the reason there is hardly any coverage by the broking houses.

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19 Jan 2018 09:07 #24234 by walterlim
Replied by walterlim on topic Sunpower Ltd
just in the month of January 2018 alone, Sunpower has won contracts totalling up to RMB223.68million, which the management has announced will have a positive impact on 2018 earnings.

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