For anyone who wondered why Russian mobile phone company VimpelCom (NYSE: VIP ) was providing telecom services in Cambodia ... it isn't. Or at least, it isn't anymore.
On Friday, VimpelCom announced that it has sold its entire stake in Cambodian telecom firm Sotelco Ltd. to its local partner, Mr. Huot Vanthan. In a statement, VimpelCom noted that the sale arose from a recent reassessment of all the operations VimpelCom was involved with, in order to determine which of these businesses had "future value to the Group." Cambodia, apparently, didn't make the cut, and has been sold.
Financial terms of the transaction were not disclosed.
Top US Companies To Own In Right Now: Tye Soon Ltd (T08.SI)
Tye Soon Limited, an automotive parts distributor, together with its subsidiaries, engages in the import, export, and trading of automotive spare parts. The company offers damping and suspension products, steering parts and rubber-to-metal components, lighting and electronics, water pumps and universal joints, tensioners, ball bearings, clutch release bearings, wheel hub bearings, tensioner and idler bearings, shock absorbers, brake pads, brake discs, filters, wiper blades, and drum brake and disc brake assemblies, as well as parts for braking apparatus, such as friction materials. It also provides automobile and truck engine oils, two-stroke engine oils, rally and racing oils, gearbox oils for automatic transmission systems, oils for mechanical gearboxes and drive shafts, agricultural machinery oils, hydraulic oils, industrial oils, brake fluids, customized products, general and heavy-duty greases, automobile care products, cleaners, winter chemicals, and cooler protectio n products. In addition, the company engages in the property investment business. It has operations in Singapore, Malaysia, Thailand, Hong Kong, China, and Australia. The company was founded in 1933 and is based in Singapore. Tye Soon Limited is a subsidiary of OBG & Sons Pte Ltd.
Top US Companies To Own In Right Now: JinkoSolar Holding Company Limited(JKS)
JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of solar power products in China and internationally. The company provides solar modules, silicon wafers and ingots, and solar cells, as well as processing services, including silicon wafer tolling services. It sells its products under the JinkoSolar brand name. The company?s customers include distributors, project developers, and system integrators. It trades its products under short-term contracts and by spot market sales. The company also produces accessory materials for solar power products, such as solar aluminum frame, solar junction box, aluminum materials windows, and other metal component parts. JinkoSolar Holding Co., Ltd. was founded in 2006 and is based in Shangrao, the People?s Republic of China.
Advisors' Opinion:- [By ChemTrade]
JinkoSolar Holding Co., Ltd.(NYSE: JKS) closing price in the stock market Tuesday, Jan. 3, was $5.25. JKS is trading -6.87% below its 50 day moving average and -59.29% below its 200 day moving average. JKS is -83.70% below its 52-week high of $32.21 and 15.38% above its 52-week low of $4.55. JKS‘s PE ratio is 1.35 and its market cap is $121.71M.
JinkoSolar Holding Co., Ltd. engages in the manufacture and sale of solar power products in China and internationally through its subsidiaries. JKS provides solar modules, silicon wafers and ingots, and solar cells, as well as processing services, including silicon wafer tolling services.
Top 10 Heal Care Companies To Invest In Right Now: Polypore International Inc(PPO)
Polypore International, Inc., a technology filtration company, develops, manufactures, and markets specialized microporous membranes used in separation and filtration processes. It operates in two segments, Energy Storage and Separations Media. The Energy Storage segment offers membranes that provide the function of separating the cathode and anode in applications, including lithium-ion batteries that are used in portable electronic devices, energy storage systems, cordless power tools, and electric drive vehicles; and lead-acid batteries used in automobiles, other motor vehicles, forklifts, and uninterruptible power supply systems. The Separations Media segment provides membranes that are used as high technology filtration element in various medical and industrial applications. This segment?s membranes and membrane modules are used in applications, such as hemodialysis, blood oxygenation, plasmapheresis and various high-performance microfiltration, ultrafiltration, and g asification/degasification applications. Polypore International, Inc. sells its products to manufacturers and converters who incorporate its products into their finished goods. The company sells its products and services in North America, South America, Europe, and Asia through its direct sales force, and distributors and agents. The company is headquartered in Charlotte, North Carolina.
Advisors' Opinion:- [By Roberto Pedone]
Another potential earnings short-squeeze trade is global high-technology filtration player Polypore International (PPO), which is set to release its numbers on Wednesday after the market close. Wall Street analysts, on average, expect Polypore International to report revenue of $175.90 million on earnings of 40 cents per share.
The current short interest as a percentage of the float for Polypore International is extremely high at 32.7%. That means that out of the 42.70 million shares in the tradable float, 15.23 million shares are sold short by the bears. If the bulls on Polypore International get the earnings news they're looking for, then this stock could explode higher post-earnings as the bears rush to cover some of their bets.
From a technical perspective, PPO is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending for the last few weeks, with shares moving higher from its low of $36.80 to its recent high of $42.68 a share. During that move, shares of PPO have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of PPO within range of triggering a major breakout trade.
If you're in the bull camp on PPO, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance levels at $42.68 to $43.13 a share and then once it clears more resistance at $44.27 a share with high volume. Look for volume on that move that hits near or above its three-month average volume of 478,000 shares. If that breakout triggers, then PPO will set up to re-test or possibly take out its next major overhead resistance levels at $48.50 to $55 a share.
I would simply avoid PPO or look for short-biased trades if after earnings it fails to trigger that breakout and then drops back below both its 50-day at $39.66 a share and its 200-day at $38.32 a share with high volume. If we get that move, then PPO will set up to re-test or possibly take out its next major support levels at $36.80 to $35.10 a share.
Top US Companies To Own In Right Now: Smiths Group(SMIN.L)
Smiths Group plc engages in the development, manufacture, sale, and support of products and services for the threat and contraband detection, energy, medical devices, communications, and engineered components markets worldwide. The company offers security equipment, including trace detection, millimetre-wave, infrared, biological detection, and diagnostics that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, nuclear and radioactive material, and contraband. It also provides mechanical seals, seal support systems, engineered bearings, power transmission couplings, specialist filtration systems, and other hardware products for the oil and gas, chemical, pharmaceutical, pulp and paper, and mining sectors. In addition, the company offers medical devices aligned to specific therapies, primarily airway, pain and temperature management, infusion, needle protection, critical care monitoring, and vascular access. Further, it provides electronic and radio frequency products that connect, protect, and control critical systems for the wireless telecommunications, aerospace, defense, space, medical, rail, test, and industrial markets; and engineered components comprising ducting, hose assemblies, and heating elements that move and heat fluids and gases for the aerospace, medical, industrial, construction, and domestic markets. The company was founded in 1851 and is headquartered in London, United Kingdom.
Top US Companies To Own In Right Now: Pall Corporation(PLL)
Pall Corporation, together with its subsidiaries, manufactures and markets filtration, purification, and separation products and integrated systems solutions worldwide. The company?s Life Sciences segment provides technologies that facilitate the process of drug discovery, development, regulatory validation, and production used in the research laboratories, pharmaceutical and biotechnology industries, food and beverage industry, blood centers, and hospitals at the point of patient care. It also offers medical products that enhance the safety of the use of blood products in patient care and help control the spread of infections in hospitals; and cell therapy products that enable technologies for the regenerative medicine market. In addition, this segment sells various filtration and purification technologies, appurtenant hardware, and engineered systems for the development and commercialization of chemically synthesized and biologically derived drugs, plasma, and vaccines, as well as offers filtration solutions; validation services to drug manufacturers; and laboratory products for use in drug research and discovery, quality control testing, and environmental monitoring applications. Further, it serves the filtration needs of the food and beverage market. The company?s Industrial segment provides enabling and process enhancing technologies for the industrial market. It offers filtration and fluid monitoring equipment to the aerospace industry; filtration and purification technologies for the semiconductor, data storage, fiber optic, advanced display, and materials markets; and a suite of contamination control solutions for chemical, gas, water, chemical mechanical polishing, and photolithography processes. This segment also provides various technologies to producers of energy, oil, gas, renewable and alternative fuels, electricity, chemicals, and municipal water. The company was founded in 1946 and is headquartered in Port Washington, New Yo rk.
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