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bocom intl: Upgraded xinyi solar to "buy" with the target price lowered to 4.04 HKD.
Bocom Intl released a research report stating that it has upgraded xinyi solar (00968) to 'buy', due to the unexpected decline in photovoltaic glass prices and the company's output being lower than expected. The profit estimates for 2024-2026 have been reduced by 25%/35%/29%, and the target price has been adjusted to HKD 4.04 (originally HKD 4.09). The company's photovoltaic power generation business is relatively stable and can continuously provide cash flow, and its debt ratio is also significantly lower than its peers in photovoltaic glass. Therefore, while its peers are suffering losses and unable to expand production, the company can still overall profit and counter-cyclical expand production, putting it in a favorable position amid competition. Bocom Intl's main points are as follows: The price of photovoltaic glass continues.
Zhizhong Hong Kong stocks early knowledge | Ministry of Industry and Information Technology: Guide photovoltaic companies to reduce purely capacity expansion photovoltaic manufacturing projects. nvidia (NVDA.US) fell by as much as 5% after earnings.
On November 20, the Ministry of Industry and Information Technology issued a notice revising the "Specification Conditions for the Photovoltaic Manufacturing Industry" and the "Interim Measures for the Management of Announcements for the Photovoltaic Manufacturing Industry".
Express News | Citigroup's Long Position in H-Shares of Flat Glass Group Decreases to 6.21% on Nov 14 From 7.23% - HKEX
Flat Glass Group Announces 2024 Interim Dividend Details
Flat glass (06865) will pay an interim dividend of 0.13 yuan per share on December 20.
Flat Glass (06865) announced that the company will distribute an interim dividend of per share on December 20, 2024...
FLAT GLASS: PAYMENT DATE OF 2024 INTERIM DIVIDEND
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