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RTNominal down19.700 -0.260 (-1.303%)
Research Report

10/05/2021 17:12

{I-bank focus}Guotai Junan raises Xinyi Glass to HK$30.5

[ET Net News Agency, 10 May 2021] Guotai Junan raised its target price for Xinyi Glass
(00868) to HK$30.5 from HK$26.4 and maintained its "accumulate" rating.
The research house said it has raised EPS forecasts for 2021/2022/2023 by
14.3%/14.0%/11.7%, respectively. It has mainly (1) lifted revenue assumptions for float
glass based on stronger-than-expected float glass price, (2) lowered gross margin
assumptions for automobile glass and architectural glass due to rise in production costs,
and (3) trimmed assumptions for share of results of associates from Xinyi Solar based on
the slump in solar glass price. (RC)

Remark: Real time quote last updated: 26/11/2021 17:59
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