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<Research>Daiwa Reiterates Ratings at Underperform on FLAT GLASS/ XINYI SOLAR
As of 10 July, the average selling price of photovoltaic glass showed a trend of flat to decline QoQ, with the average inventory days increasing 2.94%, marking an incline for 13 co...
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<Research>Daiwa Reiterates Ratings at Underperform on FLAT GLASS/ XINYI SOLAR
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As of 10 July, the average selling price of photovoltaic glass showed a trend of flat to decline QoQ, with the average inventory days increasing 2.94%, marking an incline for 13 consecutive weeks, reflecting lagging demand, according to Daiwa's research report.

The broker noted that recent market sentiment towards solar auxiliary material suppliers was very strong, based on rumors about phasing out of outdated production capacities.

Related NewsHSBC Research Cuts TPs for XINYI SOLAR/ FLAT GLASS, Keeps Ratings at Buy
Daiwa reiterated ratings at Underperform on FLAT GLASS (06865.HK)  +0.080 (+0.797%)    Short selling $4.40M; Ratio 14.675%   and XINYI SOLAR (00968.HK)  +0.030 (+1.024%)    Short selling $42.77M; Ratio 25.470%   , and Sell/ Hold on FLAT GLASS' A shares (601865.SH)  -0.040 (-0.246%)   / FIRST(603806.SH)  +0.010 (+0.075%)   . The broker also held a negative view on China's solar industry.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.) (A Shares quote is delayed for at least 15 mins.)

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