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Last $0.03 SGD
Change Today 0.00 / 0.00%
Volume 0.0
REAG On Other Exchanges
Symbol
Exchange
Singapore
As of 5:04 AM 04/23/15 All times are local (Market data is delayed by at least 15 minutes).

renewable energy asia group (REAG) Snapshot

Open
$0.03
Previous Close
$0.03
Day High
$0.03
Day Low
$0.03
52 Week High
07/25/14 - $0.04
52 Week Low
03/10/15 - $0.02
Market Cap
22.4M
Average Volume 10 Days
54.2K
EPS TTM
$-0.05
Shares Outstanding
745.6M
EX-Date
08/1/07
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RENEWABLE ENERGY ASIA GROUP (REAG)

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renewable energy asia group (REAG) Details

Renewable Energy Asia Group Limited, an investment holding company, is engaged in the investment in and development of renewable energy projects primarily in the People’s Republic of China. The company invests in, develops, and operates wind farms, photovoltaic power stations, and solar thermal power stations. It has access to 9,300 megawatts (MW) of renewable energy resources comprising 3,400 MW of onshore wind power resources, 3,700 MW of offshore wind power resources, 1,500 MW of photovoltaic resources, and 700 MW of solar thermal resources. The company was formerly known as Superior Fastening Technology Limited and changed its name to Renewable Energy Asia Group Limited in March 2010. The company was founded in 1988 and is based in Singapore. Renewable Energy Asia Group Limited is a subsidiary of Renewable Energy Asia Corporation Limited.

Founded in 1988

renewable energy asia group (REAG) Top Compensated Officers

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Executives, Board Directors

renewable energy asia group (REAG) Key Developments

Renewable Energy Asia Group Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Renewable Energy Asia Group Limited reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported revenue of RMB 2,666,000 against RMB 3,182,000 a year ago. Loss from continuing operations was RMB 10,638,000 against RMB 6,130,000 a year ago. Loss was RMB 10,638,000 against RMB 18,250,000 a year ago. Total comprehensive loss attributable to owners of the company was RMB 10,638,000 against RMB 18,250,000 a year ago. Net cash used in operating activities was RMB 12,144,000 against RMB 52,369,000 a year ago. This was mainly due to a decline in trade and other receivables and bill receivables. Purchase of property, plant and equipment was RMB 11,543,000 against RMB 12,401,000 a year ago. Basic and diluted loss per share was 1.43 cents against 2.45 cents last year. Revenue decrease was due to lower solar energy output which resulted in a decrease in electricity sold. For the nine months, the company reported revenue of RMB 10,312,000 against RMB 9,959,000 a year ago. Loss from continuing operations was RMB 15,953,000 against RMB 10,167,000 a year ago. Loss was RMB 15,953,000 against RMB 40,004,000 a year ago. Total comprehensive loss attributable to owners of the company was RMB 15,953,000 against RMB 40,004,000 a year ago. Net cash used in operating activities was RMB 29,372,000 against RMB 89,875,000 a year ago. This was mainly due to a decline in trade and other receivables, trade payables and other payables, partially offset by an increase in bill receivables and tax payable. Purchase of property, plant and equipment was RMB 23,448,000 against RMB 30,835,000 a year ago. Basic and diluted loss per share was 2.14 cents against 5.37 cents last year. Revenue increased marginally by 3.5% due to higher solar energy output from the group's 9MW solar farm in the Dongdongtan Photovoltaic District in Jiuquan, Gansu Province, and the resulting increase in electricity sold during the period.

Renewable Energy Asia Group Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Renewable Energy Asia Group Limited reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported turnover of RMB 3,482,000 compared to RMB 2,755,000 a year ago. Loss for the period from continuing operations was RMB 6,493,000 compared to RMB 1,532,000 a year ago. Total comprehensive loss for the year attributable to owner of the company was RMB 6,493,000 or 0.87 cents per basic and diluted share compared to total comprehensive loss for the year attributable to owner of the company of RMB 10,852,000 or 1.46 cents per basic and diluted share a year ago. Net cash from operating activities was RMB 74,226,000 compared to net cash from operating activities of RMB 35,035,000 a year ago. Purchases of property, plant and equipment were RMB 11,381,000 compared to RMB 24,175,000 a year ago. For the six months, the company reported turnover of RMB 7,647,000 compared to RMB 6,776,000 a year ago. Loss for the period from continuing operations was RMB 5,313,000 compared to RMB 4,037,000 a year ago. Total comprehensive loss for the year attributable to owner of the company was RMB 5,313,000 or 0.71 cents per basic and diluted share compared to total comprehensive loss for the year attributable to owner of the company of RMB 21,753,000 or 2.92 cents per basic and diluted share a year ago. Net cash used in operating activities was RMB 16,712,000 compared to net cash used in operating activities of RMB 36,901,000 a year ago. Purchases of property, plant and equipment were RMB 11,905,000 compared to RMB 28,713,000 a year ago.

Renewable Energy Asia Group Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2014

Renewable Energy Asia Group Limited reported unaudited consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the company's revenue was RMB 4,165,000 compared to RMB 4,021,000 a year ago, due to higher solar energy output and this resulting increase in electricity sold. Profit before income tax from continuing operations was RMB 1,179,000 compared to loss before income tax from continuing operations RMB 2,505,000 a year ago. Profit from continuing operations was RMB 1,179,000 compared to loss from continuing operations RMB 2,505,000 a year ago. Profit was RMB 1,179,000 or 0.6 cents per basic and diluted share compared to loss of RMB 10,901,000 or 1.51 cents per basic and diluted share a year ago. Net cash used in operating activities was RMB 90,939,000 compared to RMB 71,941,000 a year ago. This was mainly due to a decline in trade and other payables and the presence of bills receivables, partially offset by a decrease in trade and other receivables. Purchases of property, plant and equipment was RMB 525,000 compared to RMB 4,533,000 a year ago.

 

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Industry Analysis

REAG

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Valuation REAG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 7.5x
Price/Book 1.4x
Price/Cash Flow 27.3x
TEV/Sales NM Not Meaningful
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