No Data
[Brokerage Focus] Guoyuan International maintains the 'Buy' rating for XINYI SOLAR (00968), expects demand to recover in Q2 2025, and the supply and demand pattern in the Industry is expected to improve.
Jinwu Financial News | Guoyuan International released a Research Report indicating that XINYI SOLAR (00968) has issued a negative profit warning, expecting a year-on-year decrease of 70-80% in 2024's net income attributable to shareholders. Based on the company's 2023 net income of 4.187 billion Hong Kong dollars, the expected net income for 2024 is projected to be between 0.837 and 1.256 billion Hong Kong dollars (with a median of 1.047 billion Hong Kong dollars). In the first half of 2024, the profit is expected to be 1.963 billion Hong Kong dollars, leading to an estimated loss of 0.707 to 1.126 billion Hong Kong dollars in the second half of 2024 (with a median loss of 0.916 billion Hong Kong dollars). The report stated that the company's profits are expected to drop significantly.
Declining Stock and Solid Fundamentals: Is The Market Wrong About Xinyi Solar Holdings Limited (HKG:968)?
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.
Hong Kong stocks closed (01.06) | The Hang Seng Index fell by 0.36% while Cryptos Concept stocks strengthened across the board. Consumer and Mainland Real Estate stocks generally declined.
After a slight rise at the opening of the Hong Kong stock market's three major Indexes, they fell. During the session, there was a brief surge, with the Hang Seng Index rising nearly 1%, but it soon retreated into decline, with the losses increasing in the afternoon.
Hong Kong stock anomaly | XINYI SOLAR (00968) rebounds by over 4%. Asset impairment drags down performance in the second half of the year. Institutions say a turning point in Photovoltaic Glass prices is expected.
XINYI SOLAR (00968) rebounded over 4%, as of the time of reporting, it rose 3.34%, trading at 3.09 HKD, with a transaction amount of 73.6032 million HKD.
Sinolink: A turning point in Photovoltaic Glass inventory has emerged, pay attention to the downstream component factory restocking demand after the Spring Festival.
The inventory turning point in the Photovoltaic Glass Industry has been observed, expecting a price turning point, and focusing on the demand for downstream component manufacturers to restock after the Spring Festival.
No Data
Buy n Die Together❤ :