Asian Stocks in Focus: Yirendai Ltd – ADR (YRD), Sky Solar Holdings Ltd (ADR) (SKYS)

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Yirendai Ltd – ADR (NYSE:YRD)

Stock’s Trading Stats:

Yirendai Ltd – ADR (NYSE:YRD) declined -11.83% yesterday and closed at $12.45. The company’s market capitalization is at $802.81 Million with an average trading volume of 476,468.00. The total number of Outstanding Shares Held by the company are 117.00 Million.

Recent Press Release:

Yirendai Ltd – ADR (YRD) announced that CreditEase, Yirendai’s parent company, was elected as a standing council member of the Association of China Internet Financial Industry (the “ACIFI” or the “Association”), a self-regulatory organization created to formulate regulation and enhance supervision of China’s internet finance industry. The Association will work actively to promote self-regulation of the internet finance industry and support Chinese internet finance companies in improving their management and compliance practices.

The ACIFI was established by a group of regulatory authorities led by the People’s Bank of China, including the China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission. The Association’s first board of executors and supervisors were elected during the inaugural ceremony and general assembly which were held in Shanghai on March 25, 2016.

CreditEase was elected as an ACIFI standing council member during the general assembly. CreditEase’s election to the council was in recognition of its strong internal controls and compliance practices as well as the innovative services it provides. In its capacity as a standing council member, CreditEase will help lay a solid foundation for the industry’s sustainable and healthy growth by working with other ACIFI members to accelerate the creation of industry standards and promote self-regulation.

Sky Solar Holdings Ltd (ADR) (NASDAQ:SKYS)

Stock’s Trading Stats:

Sky Solar Holdings Ltd (ADR) (NASDAQ:SKYS) closed at $5.58 yesterday by showing a decrease of -5.42%. The total number of outstanding shares held by the company are 390.03 Million with the total market capitalization of $376.77 Million. The number of shares traded on the last trading session are 5.55 Million.

Recent Press Release:

Sky Solar Holdings Ltd (ADR) (SKYS) on March 30 announced its financial results for the fourth quarter of 2015 and fiscal year ended December 31, 2015.

Highlights:

  • Q4 2015 total revenue of $12.2 million, up 49% over Q4 2014
  • Q4 2015 electricity revenue of $7.9 million, up 127% over Q4 2014
  • Q4 2015 Adjusted EBITDA1 of $542 thousand, compared to negative $3.6 million in Q4 2014
  • 128.6 MW of IPP assets in operation as of December 31, 2015, compared to 117.5 MW as of September 30, 2015
  • As of December 31, 2015, 28.2 MW under construction, 238.3 MW of shovel-ready projects, and 1.0 GW of solar parks in pipeline

Mr. Weili Su, founder, chairman and chief executive officer of Sky Solar, commented, “While we initiated a number of partnership initiatives in 2015, our operating results for the full year were below our expectations. Management and the Board has undertaken thorough review of global operation in order to unlock shareholders value. Our view on the attractiveness of the solar market remains unchanged and we continue to see profitable opportunities for growth in the US market and in Japan.”