Renewable Energy- Bullish divergence detected in the indicators.

Nuclear energy projects will have a hard time getting accepted by governments, including China.

Instead, wind and solar could become the stronger attraction. Singapora has one wind- related
stocks
which may be played up by the market - RENEWABLE ENERGY ASIA, now 18.5 cents on big 1.7 million shares traded by lunch hour.

 
[url=http://www.nextinsight.net
/story-archive-mainmenu-60/912-2011/3429-renewable-energy-asia-]RENEWABLE ENERGY ASIA: Wind's up, riding the Green Energy wave[/url]

But with so many bullish reports from different analysts, can I ask how come REA is still stagnant at ard 0.18-0.2 for so long? Lol...

DMG maintain BUY today with TP of S$0.36.

Tremendous upside ---- but the business is still in its infancy as the wind farms yet to contribute revenue.

Crashed just becos of a profit warning from the company.
Still waiting for results.

How can fallen so much to 9 cents from 18 cents just 2 weeks ago.

Analyst target prices are questionable? Or is this the best time to buy for a recovery to a reasonable level?

I think this is a good example of ....


....... When the market (including analysts) expect a profit and instead gets a loss, the stock gets punished severely.

DMG (prob the only house covering REA) expected rmb40 m in net profit. REA delivered a Rmb39 m loss !

I found DMG forecast for Fy 11 and beyond here: 
[url=http://www.nextinsight.net
/story-archive-mainmenu-60/912-2011/3429-renewable-energy-asia-]RENEWABLE ENERGY ASIA: Wind's up, riding the Green Energy wave[/url]
 
 

0Take note: The executive chairman, Xu Jian, has bought 1,125,00 shares at 9.5 cents.
Announced today.

This is a positive sign. Might stop the free fall of the stock.

The amount he spent in $ is not huge -- just SGD106,875 -- but if he continues to buy, he will send a strong signal to the market from abandoning his stock.

Let's keep a watch for further buying.