Call(s) to Action: None

Here are the stories that the GeoTeam is following today… (Please see full disclosures at bottom)

  • ChinaHybrids
    • SMI ($4.82) – Revised up Q2 2014 gross margin guidance; expects gross margins to be 27% to 29% compared to original guidance of 22% to 24%.
    • SOL ($2.50) – Entered framework agreement with China Seven Star Holdings, for two utility-scale projects of no less than 200MW.
    • CNIT ($5.64) – Announced strategic transition to cloud platform.
    • GAI ($5.67) – Increase in expenses leads to larger net loss for Q4 and full year 2014.  
    • XRS ($27.46) – Reported Q1 2015 results; beat analyst EPS estimates by $0.05, beat on revenues, guides Q2 revenues in-line.  
    • GA ($11.92) – Announced completion of going private offer for $12.00 per share.
  • GeoBargains/GeoBargains on the Radar
    • GeoBargain on the radar ELLO ($9.40) – Announced definitive agreement to acquire 3 solar plants in Spain.  Upon closing, the company will triple the current production capacity in Spain.

For more timely information, particularly during the daily trading session, we urge our members to read our message board posts daily.

Disclosure: No Positions ; Other Long Positions; Other Short Positions; Pump & Dump Positions (Password GEO2014)

Summary of general highlights:

On the Asian Front…

Select China Earnings…

Stock

Price**

EPS Estimate

Reported EPS

Prior Year Reported EPS

Tal Education (NYSE:XRS)

$27.28

$0.17

$0.22*

$0.13*

Global-Tech Advanced (NASDAQ:GAI)

$5.60

n/a

-$0.82*

-$0.17*

* denotes non-GAAP; ** Pre-market

Please see our ChinaHybrid March 2014 quarter earnings screen (password GEO2014) for select companies that have reported earnings.

In Other News…

Semiconductor Mfg (NYSE:SMI) ($4.82) – one of the leading semiconductor foundries in the world, announces today

an upward revision of its Q2 gross margin guidance for the three months ended June 30, 2014, which was originally released by the Company in its results for the three months ended March 31, 2014 on April 28, 2014. Gross margin for the three months ended June 30, 2014 is guided to be 27% to 29% compared to the original guidance of 22% to 24%.

Dr. Yonggang Gao, Chief Financial Officer commented,

“Since the release of our second quarter gross margin guidance, we have seen an increase in utilization and improved expense control, exceeding our earlier expectations. Therefore, we are now revising up our second quarter gross margin. Meanwhile, we maintain our original revenue and non-GAAP operating expenses for the second quarter of 2014.”

Renesola (NYSE:SOL) ($2.50) – a leading brand and technology provider of solar photovoltaic (“PV”) products, today announced it has

entered a framework agreement (the “Framework Agreement”) with China Seven Star Holdings Limited (“China Seven Star”), a Hong Kong listed company, regarding a partnership in potential sales to China Seven Star of no less than 200 megawatts (“MW”) of existing and new PV projects within 18 months. The parties subsequently signed a Memorandum of Understanding (“MOU”) which stipulates that ReneSola will sell to China Seven Star two utility-scale projects, both of which are completed and connected to the grid, with a total capacity of 9.7 MW in Bulgaria.

“We are excited to commence our cooperation with China Seven Star,” said Mr. Xianshou Li, ReneSola’s chief executive officer. “The potential sales of the two utility-scale projects in Bulgaria and additional projects comprising a total of 200 MW represent a continuation of our strategy of selectively developing solar power projects. We wish to be involved in the full cycle of PV project development, while continuing to maintain our capital and debt controls and to improve our overall financial position.”

China Information (NASDAQ:CNIT) ($5.64) – a leading provider of internet-based products and services and one of the largest public information distribution and online ads exchange platforms in China, today announced that its

Board of Directors approved the strategic initiative to transition the Company from a provider of traditional IT system integration to cloud-based internet platform technology.

The Company successfully created the CNIT Cloud Platform based upon its proprietary Cloud-App-Terminal (CAT) model. This cloud-based platform along with various applications enables customers in education, healthcare, advertisers, elevator management, community services to improve efficiencies under a one-stop online platform, which is managed through one account, one log-in, centralized storage, one-click payment, and standardized e-Commerce shopping cart.

Going forward, under the decision by the board of directors, the Company plans to regroup its business under the following three segments:

1) Internet-based products and services, providing specific internet-based products and applications to different industries;

”Œ2) New media cloud-based platform, facilitating public information distribution and online ads exchange;

3) Social and Community internet platform, targeting at community services and e-Commerce;

Through years’ of ongoing research and development, the Company developed several online platforms including Cloud-based Education Platform (CEP), Information Distribution Platform (IDP), and Online Ads Exchange Platform (OAEP). Subsequent to these successful trials, the Company will endeavor to centralize individual platforms under the CNIT Cloud Platform for in-depth application in various fields.

Mr. Jiang Huai Lin, Chairman and Chief Executive Officer of the Company, commented,

“Our new cloud-based mobile applications are slated to launch at the end of August. Meanwhile, we are moving away from a low margin and high financial leverage business model towards a more innovative business model that is based on light asset, faster growth and higher profitability. The strategic transition marks another milestone for the Company, which I believe will create more shareholder value.”

Giant Interactive Group (NYSE:GA) ($11.92) – one of China’s leading online game developers and operators, today announced the closing of its going private offer for $12.00 per share:

the completion of its merger (the “Merger”) with Giant Merger Limited (“Merger Sub”), a wholly-owned subsidiary of Giant Investment Limited (“Parent”), pursuant to the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of March 17, 2014 and amended on May 12, 2014, among the Company, Parent and Merger Sub. As a result of the Merger, Parent has acquired the Company (which is now a direct wholly owned subsidiary of Parent) in a cash transaction valued at approximately US$3.0 billion.

On the U.S. Front…

GeoBargain/Specials…

Ellomay Capital (AMEX:ELLO) ($9.40) ELLO produces renewable and clean energy in Italy and Spain. The company today announced that it has executed the definitive agreements to purchase 3 photovoltaic (solar) plants with approximately 5.6MWp in the aggregates. According to the company, it will more than triple the current production capacity of existing photovoltaic sites in Spain to approximately 7.9MWp, after the execution of the agreements.

Quotes from management,

“The PV Plants will be acquired at an attractive price and will contribute to the enhancement and diversification of the Company’s PV portfolio. Ellomay will continue to seek attractive opportunities in the energy sector and leverage its excellent capabilities to identify and execute such transactions.”

For more timely information, particularly during the daily trading session, we urge our members to read our message board posts daily.

Sincerely,

The GeoTeam



GeoTeam News 7/21/2014 >> SMI, SOL, CNIT, GAI, XRS, GA, ELLO

Call(s) to Action: None

Here are the stories that the GeoTeam is following today… (Please see full disclosures at bottom)

  • ChinaHybrids

    • SMI ($4.82) – Revised up Q2 2014 gross margin guidance; expects gross margins to be 27% to 29% compared to original guidance of 22% to 24%.

    • SOL ($2.50) – Entered framework agreement with China Seven Star Holdings, for two utility-scale projects of no less than 200MW.

    • CNIT ($5.64) – Announced strategic transition to cloud platform.

    • GAI ($5.67) – Increase in expenses leads to larger net loss for Q4 and full year 2014.

    • XRS ($27.46) – Reported Q1 2015 results; beat analyst EPS estimates by $0.05, beat on revenues, guides Q2 revenues in-line.

    • GA ($11.92) – Announced completion of going private offer for $12.00 per share.

  • GeoBargains/GeoBargains on the Radar

    • GeoBargain on the radar ELLO ($9.40) – Announced definitive agreement to acquire 3 solar plants in Spain.  Upon closing, the company will triple the current production capacity in Spain.

For more timely information, particularly during the daily trading session, we urge our members to read our message board posts daily.

Disclosure: No Positions ; Other Long Positions; Other Short Positions; Pump & Dump Positions (Password GEO2014)

Summary of general highlights:

On the Asian Front…

Select China Earnings…

* denotes non-GAAP; ** Pre-market

Please see our ChinaHybrid March 2014 quarter earnings screen (password GEO2014) for select companies that have reported earnings.

In Other News…

Semiconductor Mfg (NYSE:SMI) ($4.82) – one of the leading semiconductor foundries in the world, announces today

an upward revision of its Q2 gross margin guidance for the three months ended June 30, 2014, which was originally released by the Company in its results for the three months ended March 31, 2014 on April 28, 2014. Gross margin for the three months ended June 30, 2014 is guided to be 27% to 29% compared to the original guidance of 22% to 24%.

Dr. Yonggang Gao, Chief Financial Officer commented,

“Since the release of our second quarter gross margin guidance, we have seen an increase in utilization and improved expense control, exceeding our earlier expectations. Therefore, we are now revising up our second quarter gross margin. Meanwhile, we maintain our original revenue and non-GAAP operating expenses for the second quarter of 2014.”

Renesola (NYSE:SOL) ($2.50) – a leading brand and technology provider of solar photovoltaic (“PV”) products, today announced it has

entered a framework agreement (the “Framework Agreement”) with China Seven Star Holdings Limited (“China Seven Star”), a Hong Kong listed company, regarding a partnership in potential sales to China Seven Star of no less than 200 megawatts (“MW”) of existing and new PV projects within 18 months. The parties subsequently signed a Memorandum of Understanding (“MOU”) which stipulates that ReneSola will sell to China Seven Star two utility-scale projects, both of which are completed and connected to the grid, with a total capacity of 9.7 MW in Bulgaria.

“We are excited to commence our cooperation with China Seven Star,” said Mr. Xianshou Li, ReneSola’s chief executive officer. “The potential sales of the two utility-scale projects in Bulgaria and additional projects comprising a total of 200 MW represent a continuation of our strategy of selectively developing solar power projects. We wish to be involved in the full cycle of PV project development, while continuing to maintain our capital and debt controls and to improve our overall financial position.”

China Information (NASDAQ:CNIT) ($5.64) – a leading provider of internet-based products and services and one of the largest public information distribution and online ads exchange platforms in China, today announced that its

Board of Directors approved the strategic initiative to transition the Company from a provider of traditional IT system integration to cloud-based internet platform technology.

The Company successfully created the CNIT Cloud Platform based upon its proprietary Cloud-App-Terminal (CAT) model. This cloud-based platform along with various applications enables customers in education, healthcare, advertisers, elevator management, community services to improve efficiencies under a one-stop online platform, which is managed through one account, one log-in, centralized storage, one-click payment, and standardized e-Commerce shopping cart.

Going forward, under the decision by the board of directors, the Company plans to regroup its business under the following three segments:

1) Internet-based products and services, providing specific internet-based products and applications to different industries;

”Œ2) New media cloud-based platform, facilitating public information distribution and online ads exchange;

3) Social and Community internet platform, targeting at community services and e-Commerce;

Through years’ of ongoing research and development, the Company developed several online platforms including Cloud-based Education Platform (CEP), Information Distribution Platform (IDP), and Online Ads Exchange Platform (OAEP). Subsequent to these successful trials, the Company will endeavor to centralize individual platforms under the CNIT Cloud Platform for in-depth application in various fields.

Mr. Jiang Huai Lin, Chairman and Chief Executive Officer of the Company, commented,

“Our new cloud-based mobile applications are slated to launch at the end of August. Meanwhile, we are moving away from a low margin and high financial leverage business model towards a more innovative business model that is based on light asset, faster growth and higher profitability. The strategic transition marks another milestone for the Company, which I believe will create more shareholder value.”

Giant Interactive Group (NYSE:GA) ($11.92) – one of China’s leading online game developers and operators, today announced the closing of its going private offer for $12.00 per share:

the completion of its merger (the “Merger”) with Giant Merger Limited (“Merger Sub”), a wholly-owned subsidiary of Giant Investment Limited (“Parent”), pursuant to the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of March 17, 2014 and amended on May 12, 2014, among the Company, Parent and Merger Sub. As a result of the Merger, Parent has acquired the Company (which is now a direct wholly owned subsidiary of Parent) in a cash transaction valued at approximately US$3.0 billion.

On the U.S. Front…

GeoBargain/Specials…

Ellomay Capital (AMEX:ELLO) ($9.40) ELLO produces renewable and clean energy in Italy and Spain. The company today announced that it has executed the definitive agreements to purchase 3 photovoltaic (solar) plants with approximately 5.6MWp in the aggregates. According to the company, it will more than triple the current production capacity of existing photovoltaic sites in Spain to approximately 7.9MWp, after the execution of the agreements.

Quotes from management,

“The PV Plants will be acquired at an attractive price and will contribute to the enhancement and diversification of the Company’s PV portfolio. Ellomay will continue to seek attractive opportunities in the energy sector and leverage its excellent capabilities to identify and execute such transactions.”

For more timely information, particularly during the daily trading session, we urge our members to read our message board posts daily.

Sincerely,

The GeoTeam