Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>HSBC Research Downgrades XINYI SOLAR, FLAT GLASS to Hold, Expects Overcapacity in CN Solar Glass to Persist
Recommend 12 Positive 11 Negative 15 |
||||
|
||||
|
According to HSBC Global Research's report, China's solar glass industry was re-evaluated last year due to "anti-involution" and a surge in demand, but industry consolidation seems to be lagging. It is expected that this year's excess capacity will exceed anticipated demand by more than 30%. Meanwhile, solar glass prices fell by 17% YoY last year due to weak demand with no signs of rebound. HSBC Global Research downgraded the ratings of XINYI SOLAR (00968.HK) and FLAT GLASS (06865.HK) from Buy to Hold, with the former's target price reduced from HKD4.4 to HKD3.9 and the latter's from HKD14.5 to HKD11.5. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
