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【Brokerage Focus】Guoyuan International pointed out that the prices and corporate profits of the photovoltaic industry chain have bottomed out. The release of end-demand is expected to drive prices back.
Jingu Finance News | Guoyuan International issued research reports, indicating that the overall domestic and export demand for photovoltaics in the second half of the year is weak, and the peak season is not strong. As the National Day holiday approaches, module factories are expected to adjust production plans under the background of exhausted terminal demand; in order to avoid inventory backlog, manufacturers are relatively cautious in their production plans. Recently, price cannibalization has reappeared, with limited existing demand, manufacturers are gradually lowering prices in order to compete for orders. As the maintenance of upstream silicon materials is completed, the supply is more abundant than expected, while the operating rate of silicon wafers decreases during the same period, resulting in a much larger decrease in demand for polysilicon compared to supply growth. The phased mismatch between supply and demand is gradually becoming evident, with inventory continuing to increase.
Hong Kong stock concept tracking | Before the National Day holiday, the prices of the photovoltaic industry chain remained stable, and after sufficient industry chain adjustments, the bottom was formed for an upward trend (including concept stocks).
Photovoltaic supply-demand imbalance, effective clearance signals are expected to appear in the first half of 2025.
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Hong Kong stocks are moving unusually | Photovoltaic stocks collectively rise, the Ministry of Industry and Information Technology's document leads the industry towards high-quality development, which is bullish, and the industry is expected to gradually
Photovoltaic stocks collectively rose, as of the deadline for submitting the article, flat glass (06865) rose by 14.34%, to HK$11.96; xinyi solar (00968) rose by 7.34%, to HK$3.51; xinyi glass (00868) rose by 6.27%, to HK$8.3.
HK Stocks Update: Photovoltaic stocks rose in the afternoon, with a significant growth in new energy installations in the first 8 months. Institutions stated that new energy project development directly benefits from interest rate cuts.
Photovoltaic stocks rose in the afternoon, as of the deadline for submission, irico newenergy (00438) rose by 10.2% to HKD 2.7; xinte energy (01799) rose by 7.94% to HKD 6.93; flat glass (06865) rose by 6.91% to HKD 9.75; xinyi solar (00968) rose by 6.53% to HKD 3.1; gcl tech (03800) rose by 4.85% to HKD 1.08.
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