Sunpower Group

The company says it intends to declare a special dividend of about RMB1.34 billion to its shareholders.

The contract is expected to have a positive impact on the group’s financial performance in FY20 and FY21.

The project is the largest coal-to-glycol project under construction in the world. Delivery is expected to be completed in 2020 and will have a positive impact on the group’s financial performance in FY2020 and FY2021.

DBS Group Research has upgraded its rating of Sunpower Group from “hold” to “buy” with a higher target price of 69 cents from 49 cents previously, after the company saw revenue and earnings for 2Q20 reach record highs.

SINGAPORE (July 1): Pollution remains a problem in China. According to the Chinese press, the Lianjiang River in Guangdong has become a “black dragon”, with the riverbed seriously silted and the water black and smelly. The reason, it appears, is disch

(May 27): Investors should probably brace for a protracted impasse on trade talks between the US and China. After the latest round of tariff hikes by both countries, China appears to have hardened its stance, with state media ramping up nationalistic rhet

SINGAPORE (May 23): Sunpower Group, the environmental protection solutions specialist, has signed a RMB43.56 million ($8.7 million) contract with repeat customer Zhejiang Petrochemical Co.

SINGAPORE (May 20): The tide appears to have shifted once again for global stock markets. After fanning hopes of an imminent breakthrough on a trade deal for months, US President Donald Trump escalated tensions with a trademark tweet a couple of weekends

SINGAPORE (Apr 29): Sunpower Group has won a RMB242 million ($48.9 million) Manufacturing and Services (M&S) contract from Shenhua Yulin Energy Chemical Co, a subsidiary of China Energy Investment Co.

SINGAPORE (Mar 25): Sunpower Group has been lauded as one of China’s Best Managed Companies (BMC) by big four accounting firm Deloitte Touche Tohmatsu through its BMC programme, a global initiative recognising private companies with advanced management