Sinolink: Photovoltaic Glass supply is expected to remain low in the short term, and a price turning point can be anticipated after the holiday.

Sinolink's Research Reports indicate that 1) the supply of Photovoltaic Glass is expected to remain low in the short term, and may even decrease further, with a price turning point anticipated after the holiday. January and February are the traditional off-peak season for module demand, and the suspension of Logistics during the Spring Festival affects the transactions of Photovoltaic Glass. During the Spring Festival, industry inventory typically increases to some extent; against the backdrop of intensified Operation and inventory pressure, it is expected that there will be room for further cold repairs of old small kilns and kilns of tail-end enterprises under significant operational pressure. 2) The willingness and ability of second- and third-tier enterprises to resume production are both weak, and the pace of cold repair capacity resumption is controllable.

Gelonghui Finance19:42 ET

China Securities Co.,Ltd.: The demand for green electricity in AI Datacenters is expected to bring additional doubling space for the Energy Storage Industry Chain within three years.

Datacenters open up further growth space for light storage, and the pairing of datacenters with storage is expected to become an industry trend. It is recommended to pay attention to competitive leading energy storage system suppliers and energy storage PCS manufacturers.

Zhitong FinanceJan 12 18:41 ET

Xinyi Glass Downgraded to Underperform From Hold at Jefferies

TipRanksJan 10 15:45 ET · Ratings

Citi: Downgraded XINYI GLASS's Target Price to HKD 7.55, rating lowered to 'Neutral.'

Citi released a research report stating that the forecast for XINYI GLASS (00868) Net income for the fiscal years 2024 to 2026 (excluding Exchange Rates adjustments) has been revised down by 35% to 40%. The Target Price has been lowered from 9.6 HKD to 7.55 HKD, and the rating has been downgraded from 'Buy' to 'Neutral'. The bank updated its forecasting model, changing XINYI GLASS's presentation currency from HKD to RMB and factoring in the profit warning. The bank's China Real Estate team expects that the completion volume in Real Estate this year will decline by 13% compared to the same period last year, along with a more conservative medium to long-term assumption.

Sina Hong Kong stocksJan 7 23:07 ET

[Brokerage Focus] Citigroup lowers the Target Price for XINYI GLASS (00868) by 21.35% considering various Bearish factors and makes conservative assumptions to adjust its earnings forecast.

Gold Report | Citigroup's research report indicates that XINYI GLASS (00868) has changed its presenting currency from Hong Kong dollars to Chinese yuan and has included profit warnings as a consideration factor. Given the weak economy and real estate market in China, the company's Real Estate team expects that this year's real estate completion volume will decline by 13% compared to the same period last year, and more conservative medium to long-term assumptions have been made. The bank has lowered the Net income forecast for XINYI GLASS for the financial years 2024 to 2026 (excluding Exchange Rates adjustments) by 35 to 40%. The Target Price has been reduced from 9.6 Hong Kong dollars to 7.55 Hong Kong dollars, and the rating has been downgraded from 'Buy' to 'Neutral.'

Jingu Financial NewsJan 7 21:43 ET

Hong Kong stocks movement | Solar energy stocks warmed up in the morning, with multiple links in the Industry Chain experiencing price increases. Institutions state that the basic situation of the Industry is at an upward turning point at the bottom.

In the morning session, solar stocks are rebounding. As of publication, XINYI SOLAR (00968) is up 3.82%, trading at HKD 3.26; GCL TECH (03800) is up 3.7%, trading at HKD 1.12; FLAT GLASS (06865) is up 3.46%, trading at HKD 11.96; XINYI ENERGY (03868) is up 1.32%, trading at HKD 0.77.

Zhitong FinanceJan 6 21:11 ET