里昂研报则指出，现时整个光伏企业的多晶硅产品价格低于现金成本，预期未来一至两个季度将温和复苏至接近现金成本水平。另指倘要进一步改善产业生态系统，需要稳定的多晶硅价格；更好的需求前景，料将于2025年或以后实现。该行将福莱特玻璃H股的目标价由23.5港元下调至14港元。Flat glass (06865) fell more than 4% during the session, and as of press time, fell 3.53%, to 11.48 Hong Kong dollars, with a turnover of 38.223 million Hong Kong dollars.
According to the WiseNews app, Flat Glass (06865) fell more than 4% during the session and fell 3.53% as of press time, to 11.48 Hong Kong dollars, with a turnover of 38.223 million Hong Kong dollars.
On the news front, SMM reported that in mid-July, domestic glass prices remained stable, with slightly weaker enterprise bidding intentions. However, the overall trading center of gravity continued to shift downward, the high-price market transactions decreased, and enterprise inventories further increased. Subsequent prices are expected to fall again. Haitong International's research report pointed out that considering the high inventory level of Flat Glass' photovoltaic glass, the overall demand release is less than expected, and photovoltaic glass prices still have certain room for further decline. The target price was lowered by 12.3%, from HKD 27.25 to HKD 23.91.
According to Lyon's research report, the current polycrystalline silicon products of the entire photovoltaic enterprise are priced lower than cash costs, and it is expected that they will moderately recover to near cash cost levels in the next one to two quarters. It is also pointed out that to further improve the industrial ecosystem, stable polycrystalline silicon prices are needed; better demand prospects are expected to be realized in 2025 or later. The bank lowered Flat Glass H's target price from HKD 23.5 to HKD 14.
