In the PHOTON Photovoltaic Stock Index PPVX on 11/26/2010 the Chinese company Comtec Solar Systems Group, with the closing prices of 26.11.10 (HKD 2.89) included. The world's only index to titles in the solar industry is hosted by the magazine photon and the Vienna asset managers Oeko-Invest.
After a performance of 814 percent from 2003 to 2009 - the oil-stock index NYSE Arca Oil (formerly AMEX Oil) grew in the same period by 75 percent - of the PPVX lies since the beginning of 2010 with a loss of 11.8 percent around 23 percentage points below the NYSE Arca Oil (+10.8 percent). The market capitalization of 30 companies in the PPVX is around 34.4 billion euros. In international PHOTON Photovoltaic shares Index (PPVX) is from the 26th November 2010 the Chinese title Comtec Solar Systems Group (ticker symbol 712: HK in Hong Kong, ISIN KGY234201054) Date. The new recording is the closing price (HK $ 2.89) 26 November 2010, after the stock market value of the company (which currently has around 316 million euros) over four weeks significantly (2010 Roth & Rau AG, currently around 186 million euros, after 63 percent price drop since the beginning) over that of the smallest PPVX title was .
Founded in 1999, Comtec Solar Systems (www.comtecsolar.com) is available since October 2009 in Hong Kong. It manufactures in Shanghai monocrystalline ingots and wafers. In the first 9 months of this Year achieved a turnover of Comtec Solar 709 400 000 yuan (78.5 million euros) and a net profit of 149.3 million yuan (16.5 million euros). Of the 30 PPVX companies, market capitalization between approximately 303 million euros (NPC) and approximately 8.1 billion euros (First Solar), to ensure that 20 based in Asia: China (12), Taiwan (6) Japan (1) and Korea (1). The remaining ten spread to Germany (4), USA (4), Norway (1) and Switzerland (1). The weighting of the new stock in the index is initially 2.2 percent, according to the weight class 3 (market capitalization 200-800 million euros).
The Comtec Solar share occupied by around 316 million euros stock market value - between DelSolar with 332 million euros and NPC with EUR 303 million market capitalization - currently 29 has ranked in the PPVX index, the volume increases since early 2004 from around 0.4 billion euros to 34.4 billion euros.
About PPVX: The 1 August 2001 with 1,000 points and eleven shares started PPVX was created in its content and composition mathematical structure in co-operation of the PHOTON Europe GmbH, Aachen, and the Eco-Invest-Verlags-GmbH, Vienna. Included are companies that have made over 50 percent of last year's sales of products or services that are directly or indirectly Installation or use of photovoltaic systems are connected. Decides on the admission of members of an advisory board composed of members of the editorial offices of the Exchange Information Service Eco-Invest, a German and the English-PHOTON-editors.
The PPVX is regularly on Reuters and in the magazines PHOTON PHOTON International and Eco-Invest, as well as on the websites www.photon.de and www.photon-magazine.com published. Serves as a reference value of the NYSE Arca Oil, the 13 major oil track names. After a weak start to the 2001/02 PPVX index has now given the oil left behind by a large margin.
Source: Max Deml, Editor in Chief Eco-Invest
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