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21979 CT-XYS @EC2506A (CALL)
RT Nominal down0.114 -0.015 (-11.628%)

23/02/2024 15:41

{I-bank focus}UBS lowers Xinyi Solar (00968) to HKD6.6

[ET Net News Agency, 23 February 2024] UBS lowered the target price for Xinyi Solar
(00968) to HKD6.6 from HKD16.5 and maintained the "buy" rating.
The research house said although oversupply could persist, it expects capacity growth in
the solar glass sector to slow from a 44% CAGR in 2021-23 to 17% in 2023-25E, while
supply/demand is likely to gradually improve. (RC)

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