Jul. 16 at 6:39 PM
$JKS As further evidence of absurdity of price - take Baba and Baidu as examples : they trade above 15x earnings and have same or more ”china risk”; they are less global, don’t pay a dividend and have slower growth over 3 years.
Jinko is needed for power surge - has best tech in its industry, pays dividends, has giant capital base, is launching ess / other future tech needed to power ai and bots - at lower rates than any other power - and is still generating annualized
$800M ebitda and growing.
At just 10x ebitda, the implied value is
$8B . To be conservative, take value dowm
$1B for debt and the stock is still undervalued by 7x conservatively. It also can raise debt on its capital base or stock thats valued far higher in foreign market - which is accretive to ADR.
Only short and hft manipulation can explain this, due to low float. This will change.
