Hong Kong
December 13, 2010
Utilities trying to spinoff their Renewable Energy Subsidiaries have faced a very tough 2011 with many of the plans being scrapped.The Utilities which have managed to list have done so at much reduced valuations and have seen their stock prices erode after listing.Enel Green Power which was the biggest Green Utility to IPO in 2010 managed to to so after massive delays and lowering its stock price 2 times.Orient Green Power in Indian and First Wind Holdings of USA which were pureplay Green Utilities also saw very tough times with First Wind being forced to scrap its capital raising plans.China's Datang and Huaneng Group which were planning to list their Green Subsidiaries in Hong Kong for a long time faced a big question as well.Both these large state owned utilities have huge wind power assets which are forecast to grow at a tremendous rate over the next decade.The prospects are good for both these green utilities as wind turbine prices have been falling as a result of sharp competition amongst WTG companies in China such as Ming Yang Power.
September 5, 2010
.Europe and UK remain in equally difficult conditions suffering to some extent from the debt induced overhang.Hong Kong and the rest of Asia in comparison have escaped relatively unscathed and countries in the region have resumed their strong growth trajectory.Its not a wonder then that global talent is looking at Asia for newer growth opportunities.Non-Resident Indians are migrating back to their homeland in record numbers to take advantage of the booming economy.Its the same in case of other Asian centres like Singapore,Hong Kong and Shanghai.Asian companies are now raising money from capital markets in HK rather than NY.
August 24, 2010
Note HK listed Chinese solar firms like GCL and Comtec solar have performed much better than their NY listed Chinese peers.The HK market has also outperformed the US markets which are presently suffering from Double Dip Scares.If Trony manages to list successfully in Hong Kong it will give an impetus for other Chinese Green Companies like Daqo and others to list in HK as well.With continued apathy towards Chinese solar stocks,it is not inconceivable that you might see NY listed firms apply for a dual listing in HK as well.
June 18, 2010
Initial Public Offerings (IPOs) are being deferred and canceled as market volatility increases due to the Greek Contagion.Green IPOs have been no exception with IPOs of […]
May 9, 2010
As I was writing in my earlier posts , one of the biggest causalities of The Greek crisis has been the world IPO market.Not only have […]