12. April 2021 | 11:30 CET
JinkoSolar, REVEZ, Alibaba - Welcome to the new world!
Exit restrictions, contact blocks, tightened lockdowns - without a doubt, Covid-19 has been an accelerating force for adopting and advancing digital technologies. Video conferencing, Internet shopping and home offices are part of the new normal. Even virtual tours, events or congresses now run over the net. Companies that want to survive in the future should put their business on a digital footing. The technology companies that cover the new technologies will become the stock market stars of tomorrow.
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ISIN: US47759T1007 , SGXE83751573 , US01609W1027
The digital world within reach
REVEZ Corporation, Asia's leading CreativeTech Group, advertises with this slogan, and rightly so. The Singapore-based Company combines 7 areas of expertise to offer customers a unique product. This know-how is bundled in the REVEZ Hub in 5 legally separate subsidiaries. While the companies are separate, internally, they form an eco-system designed to promote cross-selling, maximize economies of scale and allocate resources effectively. Thus, the segments covered are information and communications technology (ICT), deep tech in artificial intelligence (AI) and Internet of Things (IOT), industrial automation, cybersecurity and MICE support.
REVEZ says it sees itself not just as a SaaS service provider but rather as a long-term technology partner for its customers, aiming to provide the best possible support for their business model transition to digital. Overall, the debt-free Web4.0 pioneer has been growing at a double-digit rate since 2010 with a gross margin of nearly 60%. REVEZ currently serves more than 100 clients across all industries. In addition to numerous Fortune 500 companies such as Microsoft or PayPal, REVEZ regularly receives orders from the public sector. A virtual tour was recently programmed for the National Gallery Singapore. Also, Singapore's largest libraries, museums and theme parks are among the Company's clientele and ensure recurring revenues.
Focus on the future
Lessons learned from the Corona pandemic have been leveraged by further refining and expanding features such as virtual dayrooms and industrial automation solutions. Looking ahead, the Company sees 5G technology and network security as its biggest challenges. Therefore, a distribution agreement was signed last week with Imvision, a cybersecurity company based in Israel. With this agreement, the two companies are pursuing a plan to jointly develop a security solution with automated APIs for their corporate customers to detect and mitigate anomalies. In doing so, it will use artificial intelligence to recommend immediate remediation actions and simulate attacks. REVEZ's shares are traded on its home stock exchange in Singapore as well as in Germany. The stock market value is currently just under EUR 25 million. Anyone who is betting on digitization should take a look at this Company!
It will be exciting
Weak figures and a sobering outlook. The shares of solar module manufacturer JinkoSolar took a dive in pre-market trading and even tore through the critical resistance at USD 37.68. This resistance was regained in the day, which means that the possibility of a countermovement at the start of the week is definitely given. The extremely oversold indicators would also speak for this. From a trading point of view, there is a 30% chance. However, an entry should be provided with a tight stop based on the last low. Quarterly figures were below analysts' expectations, with JinkoSolar posting a loss of USD 57.8 million, sales amounted to USD 1.44 billion. Once again, higher commodity prices and declining margins for solar modules were to blame for the weak performance. The outlook for the first quarter was also too cautious for the experts. Here, the Company expects sales of USD 1.18 billion to USD 1.30 billion and module shipments of 4.5 gigawatts to 5.0 gigawatts; most analysts assumed USD 1.31 billion.
China's competition regulators are cracking down. A fine of EUR 2.3 billion has now been imposed on Alibaba, the world's largest online trading platform. The Group has exploited its dominant position in the market to punish traders who wanted to offer their goods through competing platforms, state media quoted the market regulator as saying on Saturday. Alibaba should easily bear the size of the fine. The Company's profit in the last three months of last year was around EUR 10 billion. Alibaba said it would accept the penalty and strengthen its cooperation with the authorities. It said the Group would strengthen its compliance system and "better fulfill its social responsibility." Alibaba's chart currently looks just as unpredictable as the competition regulators. Our advice at the moment is to wait and see.