Duoyuan Global Water (DGW) could use some good news. The stock was hammered in September on accounting concerns and has had trouble recovering. This morning there is a bright spot as the company reported earnings that were ahead of analyst estimates both on the EPS and revenue side. The company reported an EPS of .55/share vs the analyst estimate for .48 on revenues of $51.5 million vs the analyst estimate for $49 million. Those numbers … Read the rest
Tag Archives: dgw
Auriga Visits Duoyuan Global Water (DGW) & Comes Away With Concerns
Auriga issued a research note this morning on Duoyuan Global Water (DGW) which was hammered recently after accounting irregularities were discovered at Duoyuan Printing (DYP). What’s the connection? The Chairmen of DYP happens to be the CEO of DGW, so the thought was that there are accounting concerns at DGW as well. Auriga had a chance to visit with DGW management recently and tour the manufacturing facilities. They walked away with several concerns unrelated to … Read the rest
Analyst Ratings Review: TSL, STP, LDK, YGE, DGW, SQM
There have been a few analyst calls in the past couple days I want to review here, mostly in the solar space.
Upgrades/Bullish
Yesterday, Trina Solar (TSL) was added to Morgan Stanley’s Long Research Tactical Idea list and initiated with a Buy over at Soleil, saying the firm has one of the strongest balance sheets in the industry. The stock moved a bit yesterday on the bullish calls, but really took off today, up another … Read the rest
Oppenheimer On Duoyuan Global Water (DGW): "Dead Money"
Oppenheimer is out this morning with some comments on Duoyuan Global Water (DGW), which plunged over 40% yesterday. The firm believes the corporate governance concerns will continue to weigh on shares of DGW and despite the big price drop, shares will be dead money until confidence is restored. They are bullish on China’s water treatment industry, but rising expenses will be another drag on DGW and pressure its bottom line. They remain on the sidelines … Read the rest
Duoyuan Global Water (DGW) Plunges On Ties To Duoyuan Printing (DYP), Piper Downgrade
Duoyuan Global Water (DGW), one of the top China water plays, is plunging today after Piper Jaffray downgraded the stock from Overweight to Underweight and slashed the price target from $34 to $9 due to concerns over its ties to Duoyuan Printing (DYP) which fired its auditor and reorganized top management. Since the two companies share some key executives, Piper is concerned there are internal control and corporate governance issues at DGW as well.
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Duoyuan Global Water (DGW) Beats, But Quarter Over Quarter Profit Flat
Duoyuan Global Water (DGW) reported results this morning that beat analyst estimates, but the EPS remains flat over the year ago quarter. The company reported a Q2 EPS of $0.46, 10 cents better than the analyst estimate of $0.36 on revenue for the of $43.3 million, vs the estimate of $40.88 million. The EPS number is a bit less than the year ago .47 number, but the revenue increased 38%. So, while revenue growth remains … Read the rest