Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00968 XINYI SOLAR
RTNominal up15.900 +0.960 (+6.426%)
Research Report

07/05/2021 15:38

{I-bank focus}Credit Suisse cuts Xinyi Solar to HK$19

[ET Net News Agency, 7 May 2021] Credit Suisse cut its target price for Xinyi Solar
(00968) to HK$19 from HK$20.5 and maintained its "outperform" rating.
The research house noted that Xinyi Solar and Flat Glass (06865), the two market share
leaders in the solar glass industry, have quoted Rmb23/sqm solar glass price (3.2mm) for
May delivery, in line with the industry price cut, suggesting 18% month-on-month drop
(versus Rmb28/sqm in early April).
Credit Suisse estimated the gross margin for 3.2mm glass could drop further from 36% in
early April to 22% in May (top-tier producers). Near-term pricing could stay unexciting on
mounting inventory pressure and relatively weak demand due to low module utilisation.
Credit Suisse cut its FY2021-23 EPS forecasts by 7-16% on lower glass ASP assumptions.
(KL)

Remark: Real time quote last updated: 15/10/2021 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.