06865 FLAT GLASS
- 11.460
- +0.760+7.10%
FLAT GLASS News
Hong Kong stock market mid-day review: Hang Seng Index fell by 1.42%, recording 3 consecutive declines. Technology and financial stocks and other weights fell across the board. Photovoltaic stocks bucked the trend and rose.
The three major indexes continue to decline, all recording three consecutive falls.
A stock midday review: The Chinext Price Index rose 0.1%, with more than 4300 stocks rising. The photovoltaic sector has triggered a wave of limit-up trading.
As of the midday closing, the Shanghai Composite Index fell 0.42% to 2889.62, the Shenzhen Component Index rose 0.13%, and the Chinext Price Index rose 0.1%. Over 4300 individual stocks increased.
Hong Kong stock abnormality | Photovoltaic stocks rise against the trend China Photovoltaic Industry Association issued six initiatives, photovoltaic June domestic demand, export double prosperity.
Photovoltaic stocks are rising against the market. As of press time, Flat Glass (06865) rose 8.97% to HK$11.66; Xinyi Solar (00968) rose 4.42% to HK$3.78; and GCL Tech (03800) rose 2.75% to HK$1.12.
HK stocks changes: Flat Glass (06865) rebounds by more than 8% as the controlling shareholder lifts its pledged shares. Institutions stated that the company's inventory level is still relatively high.
Flat Glass (06865) rebounded by more than 8%. As of press time, it increased by 8.22% to HKD 11.58 and turnover was HKD 25.6007 million.
Flat glass (06865), the controlling shareholder Ruan Hongliang released the pledge of 41.65 million shares.
Flat glass (06865) issued an announcement that as of the date of this announcement, the sales volume of Flat Glass Group Co., Ltd. ...
HK stocks rise and fall | Flat Glass (06865) fell nearly 4% again, institutions said that the group's inventory level is still relatively high, and the price of photovoltaic glass still has room for decline.
Flat glass (06865) fell nearly 4%. As of press time, it fell by 3.36%, to HKD 10.94, with a turnover of HKD 7.436 million.
Lyon: Downgrade target prices for flat glass and Xinyi Solar, rated as outperforming the market.
Lyon has released a research report stating that the target price of Flat Glass Group (06865) and Xinyi Solar (00968) have been reduced. The target price for Flat Glass Group's H shares was reduced from HKD 23.5 to HKD 14, and the target price for Xinyi Solar was reduced from HKD 5.7 to HKD 4.5, both of which are rated as outperforming the market. The bank believes that upstream polycrystalline silicon producers may benefit from production capacity reduction, but the downstream as a whole is unlikely to restore profitability. The bank pointed out that it has lowered its profit forecast for photovoltaic stocks it covers, indicating that current prices for polycrystalline silicon products in the entire photovoltaic industry are lower than cash costs, and expects a moderate recovery in the next one to two quarters.
Stock market turmoil: Flat Glass (06865) fell over 4% during the day. The company's inventory level remains high, and the price of photovoltaic glass may fall again.
Flat glass (06865) fell more than 4% during the day, and as of press time, it fell 3.53%, to HKD 11.48, with a turnover of HKD 38.223 million.
Express News | JPMorgan Chase & Co's Long Position in H Shares of Flat Glass Group Increases to 9.22% on July 11 From 8.56% - HKEX
HK Stocks Concept Tracking | Multiple photovoltaic giants win bilion-dollar orders in Saudi Arabia! Increased demand for photovoltaics in the Middle East brings new opportunities for going global (concept stocks attached).
Recently, several photovoltaic giants have announced the establishment of joint ventures with Saudi Arabia to invest in photovoltaics and energy storage projects. As of now, the total order amount has reached hundreds of billions of yuan.
The National Development and Reform Commission and the National Energy Administration issued the Action Plan for Low-Carbon Transformation and Construction of Coal-Fired Power Generation (2024-2027).
On July 16th, the National Development and Reform Commission and the National Energy Administration issued the Action Plan for Low-Carbon Transformation and Construction of Coal-fired Power Plants (2024-2027).
Express News | Unreal Estate Announces Partnership With Flat to Provide Home Management Solutions to All Users
Hong Kong stock market fluctuation: Flat Glass (06865) fell nearly 7%. Institutions predict that the upward trend of silicon wafer prices is difficult to sustain, and the support for silicon material prices is relatively limited.
Flat glass (06865) fell nearly 7%. As of the time of writing, it fell 6.73% to HKD 11.06, with a turnover of HKD 42.3364 million.
Flat Glass Group Co., Ltd.'s (HKG:6865) Most Bullish Insider Is CEO Hongliang Ruan, and Their Holdings Value Went up by 4.3% Last Week
Bocom Intl: Upgraded Flat Glass (06865) rating to "buy" with a target price of 13.1 Hong Kong dollars.
Bocom intl estimates that the gross margin of flat glass (06865) in the second quarter will increase by 1-2 percentage points compared to the previous quarter.
Brokerage focus: Bocom Intl raises target price for Flat Glass (06865) by 32.8%, rating upgraded to buy.
Jianguo International issues research reports that in March and May, flat glass (06865) lit one 1200-ton production line each for photovoltaic glass, increasing total production capacity to 23000 tons. In the second half of the year, the company plans to light up six more production lines, but the bank believes that there may be delays due to deteriorating supply and demand. The bank calculates that the average price of 2.0/3.2mm glass in the second quarter increased by 2.9%/+0.2% MoM, but due to the decline in the prices of soda ash and natural gas, the bank estimates that gross margin will increase by 1-2 percentage points QoQ in the second quarter, with a slight decline in sales volume and a net profit of 0.75 billion yuan (RMB) attributable to shareholders, which remains largely stable compared to the previous month.
Flat glass A shares will distribute a cash dividend of 0.38 yuan per share on July 19th.
Flat glass (06865) announced that the company's 2023 annual equity distribution plan will implement a cash dividend of 0.38 yuan per share of A shares; Cash dividend payment date: July 19, 2024.
Flat glass: Adjusting the upper limit of the A-share repurchase price.
Flat glass (06865) announced that, according to the company's A-share repurchase report, if the company implements other ex-rights and ex-dividend measures such as dividends, capital reserve funds for capitalization, distribution of stock dividends, stock splits or reverse splits during the implementation period of the repurchase plan, the company will adjust the repurchase price of the shares in accordance with relevant regulations of the China Securities Regulatory Commission and the stock exchange where the company's stocks are listed. The maximum repurchase price of A shares before adjustment is not more than RMB 30.00/share (inclusive), and the maximum repurchase price of A shares after adjustment is not more than RMB 29.62/share (inclusive). The adjustment applies to the current repurchase of A shares.
Due to the implementation of equity distribution, the conversion price of "Folu Convertible Bonds" will be adjusted to 41.84 yuan/share for Flat Glass (06865).
Flat Glass (06865) released an announcement that the company held the 2023 annual shareholder meeting on June 17, 2024...
Flat glass (06865): adjusts the upper limit of A-share repurchase price.
Flat glass (06865) announced that according to the company's A-share repurchase report, if the repurchase plan is implemented...
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