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Hong Kong stocks move | The decline in solar stocks expands in the afternoon as the industry further strengthens self-discipline. Goldman Sachs states it is monitoring the follow-up implementation of production cuts.
In the afternoon, the decline of photovoltaic stocks expanded. As of the time of writing, xinyi solar (00968) decreased by 4.39%, priced at 3.27 Hong Kong dollars; xinte energy (01799) dropped by 2.47%, priced at 7.9 Hong Kong dollars; flat glass (06865) fell by 1.71%, priced at 12.68 Hong Kong dollars.
China's Solar Industry Looks to OPEC for Guide to Survival
Hong Kong Stock Market Morning Report on December 9: Jianyin International expects the central volatility of Hong Kong stocks to rise next year, and the Hong Kong Monetary Authority will strengthen financial cooperation with the Saudi Central Bank.
① cnbm plans to repurchase over 0.8 billion H shares at a premium, involving an investment of 3.4 billion Hong Kong dollars. ② Anti-government forces in Syria have invaded the capital Damascus, declaring the fall of the Syrian government. ③ Jianyin International expects the Hang Seng Index to fluctuate in the range of 18,000 to 23,000 points next year. ④ The Hong Kong Monetary Authority is having in-depth discussions with the Saudi Central Bank on strengthening financial cooperation between the two regions.
The annual conference of the china photovoltaic industry association has not released positive news, the photovoltaic power stocks are performing weakly, gcl tech (03800) fell by 4.38%.
Jinwu Finance | The performance of photovoltaic power stocks is sluggish, with gcl tech (03800) down 4.38%, flat glass (06865) down 3.95%, xinte energy (01799) down 3.3%, sfsy energy (00750) down 3.13%, and xinyi solar (00968) down 0.99%. The market is waiting for the annual conference of the china photovoltaic industry association held in sichuan on December 4-6. Zhongtai International stated that if there is a lack of positive news after the conference, there may be adverse factors such as high tariffs on products imported from the usa to southeast asia and the continued decline in photovoltaic product prices, which could affect photovoltaic panels.
Hong Kong stock concept tracking | The implementation of photovoltaic quotas is imminent, and the prosperity of various segments in the photovoltaic industry is solidifying at the bottom (including concept stocks).
The main conference of the industry that the market is focusing on 'preventing internal cycle' will be held tomorrow afternoon (5th).
Direct hit on the 2024 annual conference of the photovoltaic industry: focusing on the Middle East and Africa markets. There are both opportunities and challenges for Chinese enterprises to "go global".
① Chinese new energy companies have four advantages in their process of entering the Middle East: the first is technological innovation and production capacity; the second is global layout and market expansion; the third is policy support and market demand; the fourth is cost and economic benefits. ② The African countries most suitable for Chinese photovoltaic investment include South Africa, Egypt, Rwanda, Zimbabwe, and Zambia.
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