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May 25th, 2023 | 07:20 CEST

Extremely strong developments in JinkoSolar, Power Nickel and CTS Eventim

  • Mining
  • Nickel
  • Solar
  • entertainment
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After the DAX reached a new all-time high, the signs are pointing towards a correction due to the ongoing lack of agreement regarding the debt ceiling in the US. The ongoing consolidation phase offers an opportunity to further optimize one's portfolio, especially with selected individual stocks. In the area of critical raw materials for the energy turnaround, disproportionate price gains await in the long term after the price losses of the past months.

time to read: 4 minutes | Author: Stefan Feulner
ISIN: JINKOSOLAR ADR/4 DL-00002 | US47759T1007 , Power Nickel Inc. | CA7393011092 , CTS EVENTIM KGAA | DE0005470306

Table of contents:

    Terry Lynch, CEO, Power Nickel
    "[...] The collaboration with CVMR offers two primary advantages for Power Nickel: We can cover a larger portion of the value chain in the future, and despite the extensive cooperation with all its positive outcomes, we have remained significantly independent. [...]" Terry Lynch, CEO, Power Nickel

    Full interview


    JinkoSolar - A lot of movement

    One of the world's largest solar product manufacturers is currently a hive of activity. JinkoSolar is building a vertically integrated value chain of solar energy products, from silicon ingots, wafers and cells to solar modules.

    In the process, Chinese subsidiary Jiangxi Jinko, in which JinkoSolar holds a 58.62% stake, announced that it plans to divest its 100% stake in Xinjiang Jinko. The sale of the stake is expected to reduce operating costs, increase production efficiency and optimize the plant mix. The sale of JinkoSolar's unit is to be made to Ziyang Major Industry Equity Investment Fund, which is backed by authorities in the southwestern province of Sichuan, and Dong Shihong, Chairman of Suzhou Shijing Environmental Technology Co Ltd but is subject to antitrust review. The sale price is USD 622.10 million.

    On the investment side, a massive investment plan of USD 8 billion has been set for Jiangxi Jinko, the main operating subsidiary of JinkoSolar. For example, an investment framework agreement was signed with the Management Committee of the Transformation Comprehensive Reform Demonstration Zone to build a 56 GW complex to produce monocrystalline silicon ingots, silicon wafers, high-efficiency solar cells and modules.

    JinkoSolar has a market capitalization of USD 2.34 billion with a share price of USD 46.13. The majority of analysts at Reuters see a median price target of USD 68.05.

    After consolidation, there are attractive long-term entry opportunities for Power Nickel in the area of CAD 0.24. Source: Refinitiv Eikon

    Power Nickel - Clear appreciation of the project

    Powerful movements are also taking place at the up-and-coming nickel exploration company Power Nickel at its NISK project, located in the southern area of the Eeyou Istchee James Bay territory in Quebec, where numerous mining projects with ever-improving infrastructure have settled. The Canadians, who are expected to benefit disproportionately from the transformation of the transport sector in the coming years, have an option agreement to acquire up to 80% of the project, which has already proven high-grade mineralization of nickel, but also copper, cobalt, palladium and platinum. From an ESG perspective, NISK is considered a flagship project and, according to the experienced management, aims to be the world's first carbon-neutral nickel mine during the exploration process.

    Following the recently announced final drill results from the autumn program and initial results from the 2023 winter programme, power Nickel has been able to confirm further occurrences of high-grade Ni-Cu-Co-PGE mineralization in the main NISK zone. In addition, approximately 800m east of the Main Zone, another Ni-Cu-Co-PGE zone has been identified within the same rock sequence.

    A new high-grade copper-platinum mineralized zone has now been discovered around 5 km northeast of its primary NISK deposit. This is all the more significant as the high-grade platinum and palladium originated from the underlying ultramafic unit and has been remobilized into the tonalite unit in which the mineralization lies. As the mineralization is remobilized, there is potential for discovery in a wider target area near the ultramafic host rock.

    "Power Nickel recently conducted an airborne EM survey over this 5.5 km section, and preliminary review of the data revealed several promising signals that warrant further exploration and possibly drilling in our fully funded programs in the third and fourth quarters of 2023, which will commence towards the end of July," CEO Terry Lynch announced.

    The news flow is expected to continue in the coming weeks. In the second quarter, for example, the terms for the spin-off of non-core assets into a separate company will be announced, which should once again provide additional share-price fantasy. In addition, the airborne EM survey and metallurgical study are expected to be released by the end of June. The 15,000 m drilling program is scheduled to commence in the third quarter. At that time, management says it also expects to update National Instrument 43-101, Canada's main resource assessment guideline. A pre-feasibility study is then expected to follow in the first half of 2024.

    Power Nickel has a market capitalization of CAD 29.48 million and is trading at CAD 0.24 after a consolidation.

    CTS Eventim - Exploding profits

    The concert promoter, which was still suffering from the Corona pandemic a year ago, was able to present the end of the lockdown in black and white in its figures for the first quarter of 2023. The bottom line was a fourfold increase in profits to EUR 43.7 million. Group turnover rose to around EUR 366 million in the reporting period, compared to EUR 139 million a year earlier. In the first quarter of 2019, the last year before the pandemic, revenues amounted to EUR 282.7 million. In 2023, internet ticket sales so far stood at 18 million tickets, a significant growth of 58% year-on-year.

    What caused disgruntlement among investors was that despite the outstanding opening quarter, management is sticking to its full-year forecasts, which are expected to be roughly the same as last year. Earnings, on the other hand, are expected to "rise significantly" if the handsome Corona subsidies are excluded. The share price fell by around 4% to EUR 62.75. After the announcement of the figures, the analysts of Baader Bank repeated their target price of EUR 67 and reiterated their "add" rating.

    Concert promoter CTS Eventim quadrupled its profit in the first quarter. In contrast, JinkoSolar is investing in the future with an 8 billion strong investment plan. Power Nickel reported excellent drilling results and, according to management, is considered undervalued in the peer group.

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

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    Der Autor

    Stefan Feulner

    The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
    He is passionate about analyzing a wide variety of business models and investigating new trends.

    About the author

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