Dayi Liu - Hoku CFO and VP of Fin.
CFO
Mr. Dayi Liu was appointed as Principal Financial Officer of Hoku Corporationrationration, effective April 1, 2012. He has served as Vice President of Finance of the Company since April 2011, and is responsible for managing the subsidiarys finances. From June 2010 to April 2011, Mr. Liu was an accounting manager at Tianwei New Energy Holdings Co., Ltd., an enterprise in the power transmission industry and the parent company of the Company. From August 2003 to June 2010, he was an audit manager at Deloitte Touche Tohmatsu CPA Ltd. Beijing Branch, a public accounting firm. From April 2005 to July 2005, he was an assistant accountant at Deloitte Touche Tohmatsu CPA Ltd. Hong Kong Branch since 2012.
| Age | 42 |
| Tenure | 12 years |
| Phone | 808-682-7800 |
| Web | www.hokucorp.com |
Hoku Management Efficiency
The company has return on total asset (ROA) of (0.0369) % which means that it has lost $0.0369 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.3831) %, meaning that it generated substantial loss on money invested by shareholders. Hoku's management efficiency ratios could be used to measure how well Hoku manages its routine affairs as well as how well it operates its assets and liabilities.Hoku Corporation has accumulated 237.89 M in total debt with debt to equity ratio (D/E) of 5.21, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Hoku has a current ratio of 0.07, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Hoku until it has trouble settling it off, either with new capital or with free cash flow. So, Hoku's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Hoku sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hoku to invest in growth at high rates of return. When we think about Hoku's use of debt, we should always consider it together with cash and equity.
Hoku Corporation operates as a solar energy products and services company primarily in the United States. On July 2, 2013, Hoku Corporation along with its affiliates filed a voluntary petition for liquidation under Chapter 7 in the U.S. HOKU CORP operates under Electronic Components classification in the United States and is traded on PNK Exchange. It employs 129 people. Hoku Corporation [HOKUQ] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC). Hoku is listed under Electrical Equipment category by Fama And French industry classification. Management Performance
| Return On Equity | -0.38 | ||||
| Return On Asset | -0.0369 |
Hoku Management Team
Elected by the shareholders, the Hoku's board of directors comprises two types of representatives: Hoku inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hoku. The board's role is to monitor Hoku's management team and ensure that shareholders' interests are well served. Hoku's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hoku's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dayi Liu, CFO and VP of Fin. | ||
| Keith Asato, Principal Accounting Officer and Controller | ||
| Xiaoming Yin, Chief Officer |
Hoku Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Hoku a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.38 | ||||
| Return On Asset | -0.0369 | ||||
| Operating Margin | (3.36) % | ||||
| Current Valuation | 137.28 K | ||||
| Shares Outstanding | 54.91 M | ||||
| Number Of Shares Shorted | 1.46 M | ||||
| Price To Book | 0 X | ||||
| Price To Sales | 0.0001 X | ||||
| Revenue | 3.65 M | ||||
| Gross Profit | 1.14 M |
Pair Trading with Hoku
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hoku position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hoku will appreciate offsetting losses from the drop in the long position's value.Moving against Hoku Pink Sheet
| 0.5 | ELVA | Electrovaya Common Shares | PairCorr |
| 0.44 | BE | Bloom Energy Corp | PairCorr |
| 0.41 | ENR | Energizer Holdings | PairCorr |
The ability to find closely correlated positions to Hoku could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hoku when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hoku - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hoku Corporation to buy it.
The correlation of Hoku is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hoku moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hoku moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hoku can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Other Consideration for investing in Hoku Pink Sheet
If you are still planning to invest in Hoku check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Hoku's history and understand the potential risks before investing.
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