January 7th, 2022 | 10:38 CET
JinkoSolar, Triumph Gold, Palantir - At attractive levels
The precious metals sector was one of the disappointments on the capital market last year. Gold mining stocks are still stuck in a correction despite historically low interest rates and rising inflation. Yet business in the mining sector is booming. Producers are sitting on high cash reserves and beckon with attractive dividend yields. Many shares in the tech sector have also corrected and currently offer attractive entry levels.
time to read: 3 minutes
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Author:
Stefan Feulner
ISIN:
JINKOSOLAR ADR/4 DL-00002 | US47759T1007 , TRIUMPH GOLD CORP. | CA8968121043 , PALANTIR TECHNOLOGIES INC | US69608A1088
Table of contents:
"[...] Our projects are at the initial, high reward exploration stage. [...]" Humphrey Hale, CEO, Managing Geologist, Carnavale Resources Ltd.
Author
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.
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JinkoSolar - Overall market stops performance
The past stock market year was simply a disaster for shares of Chinese companies. The reasons are clear. The government's crackdown on technology and digital companies in the world's second-largest economy continues to be a burden, and a solution is not yet in sight. To make matters worse, the published Fed minutes and faster-than-expected interest rate hikes are weighing on the prices of technology stocks worldwide.
The share of the world's largest producer of solar modules also fell by more than 5% to USD 43.56 and is heading for the support area in the region of USD 40. There is no reason to buy the stock despite the current good news situation. A cooperation agreement was recently reached with the Chinese oil giant Sinopec Star, according to which the focus is to be on the development of solar hydrogen plants.
In addition, JinkoSolar was able to land a huge order, which corresponds to about 8% of the order volume of the whole of last year, but was ignored by the investment community. The solar module producer won a tender from the China Petroleum Engineering & Construction Corporation, a China National Petroleum Corporation subsidiary. The tender is for the supply of solar modules with a capacity of up to 1.85 GW, which are to be delivered in the course of the year.
Triumph Gold - In the wake of the overall market
The published Fed minutes also weighed on prices in the precious metals sector. The gold price once again fell below the critical resistance area at USD 1,800 and, at least in the short term, has the potential to loop downwards once again. The precious yellow metal is likely to experience a renaissance in the long term due to its prospects as a hedge against inflation, which is also unlikely to be stopped by various central banks.
In the event of a further downturn, a countercyclical entry into gold producers and junior mining companies would almost certainly not be the worst choice. In Triumph Gold's case, the fact that the Company is digging for gold and the most important metal for the energy transition, copper, also plays into its hand.
Triumph Gold's focus is on developing the Freegold Mountain project using multi-disciplinary exploration and evaluation technologies. The 100% owned project is equipped with world-class infrastructure and hosts three National Instrument 43-101 compliant mineral deposits, Nucleus, Revenue and Tinta Hill. In addition, the exploration company owns 100% of the Big Creek and Tad/Toro copper-gold properties near the Freegold Mountain project.
The 8,000m drill program has returned compelling results to date. Data from three drill holes totaling 897m in the Blue Sky Zone were reported in December. One intercept over 106.5m stood out with mineralization of 0.76 g/t gold equivalent. Drilling encountered multiple styles of mineralization, including porphyry style stockwork veins, disseminated sulphides, sulphide breccias and epithermal veins. Approximately 50% of the program has been completed to date. Based on this, additional results are expected to cross the tickers in a timely manner, further highlighting the potential of the individual deposits.
Palantir - Test of the old lows
Investors in Palantir Technologies, the leading provider of software and services specializing in big data analytics, also have little reason to be happy at the moment. With a closing level of USD 16.97, last year's low of USD 17.06 was undercut in the short term. Should the chart not hold here, prices around USD 15.00 would be the next target.
The Denver-based Company regularly delivers impressive sales figures and has so far more than met the target set by CEO Alex Karp of growing by at least 30% per year until 2024. Recently, it announced its expansion into South Korea. Through a partnership with Hyundai Heavy Industries Group, Palantir will establish a joint venture for a Big Data platform for Hyundai Heavy Industries' core businesses, including shipbuilding and offshore engineering.
The FED's announcement to raise interest rates faster than expected weighs on technology companies and companies in the precious metals sector. In any case, Palantir, JinkoSolar, and Triumph Gold should be put on the watchlist.
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