News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
Content Sharing
<Research>HSBC Research Cuts TPs for XINYI SOLAR/ FLAT GLASS, Keeps Ratings at Buy
China rushed solar installations in 5M25, reaching 198 gigawatts, HSBC Global Research issued a research report saying. As of 9 July, the average selling price of solar glass dropp...
Reset
Send
The window will close in 5 seconds
<Research>HSBC Research Cuts TPs for XINYI SOLAR/ FLAT GLASS, Keeps Ratings at Buy
Close
Recommend
23
Positive
37
Negative
23
 
 

China rushed solar installations in 5M25, reaching 198 gigawatts, HSBC Global Research issued a research report saying. As of 9 July, the average selling price of solar glass dropped by 17% MoM/ 31% YoY, reflecting weak fundamentals.

However, recent central government policies calling for production cuts may drive industry consolidation, supporting mid-term prices and explaining the recent rebound in the share prices of XINYI SOLAR (00968.HK)  +0.010 (+0.341%)    Short selling $42.77M; Ratio 25.470%   and FLAT GLASS (06865.HK)  -0.020 (-0.199%)    Short selling $4.40M; Ratio 14.675%   .

Related NewsPing An Securities: Anti-involution Mkt Condition at Stage of 'Forecast-catalyzed'; Focus on PV/ Construction Materials/ Steel/ Some Light Industry & Textiles Sectors
HSBC Global Research expected XINYI SOLAR's 1H25 net profit to decline by 67% YoY, while FLAT GLASS' 2Q25 net profit to drop by 71% YoY but surge by 1.04x QoQ.

Therefore, the broker cut its target price for XINYI SOLAR from $4.4 to $4.2, and dropped its target price for FLAT GLASS' H-share from $14.3 to $13.8. HSBC Global Research also reduced its target price for its A-share FLAT(601865.SH)  -0.040 (-0.246%)   from RMB24.5 to RMB22.6, all of which rated at Buy.

Meanwhile, the broker rated XINYI ENERGY (03868.HK)  -0.010 (-0.775%)   at Hold, and added its target price from $0.9 to $1.3.
(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.)

Related NewsDaiwa Reiterates Ratings at Underperform on FLAT GLASS/ XINYI SOLAR

AASTOCKS Financial News
Website: www.aastocks.com

Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.