Sunpower Group

Sunpower Group: Awarded a Rmb130m engineering, procurement and construction (EPC) contract from Shanxi Lu'an Mining to supply flare systems for the oil-chemical-power-heat integrated project of high-sulphur coal clean utilisation. The contract is the largest by far for the group, and is expected to be delivered in 2014. Sunpower is a China‐based heat transfer technology specialist engaged in the design, R&D and manufacture of energy‐efficient and environmental protection equipment for diverse industries. At the last closing price of $0.167, Sunpower trades at 4.3x historical P/E and 0.5x P/B.