Despite a promising earnings outlook, the company's P/E ratio doesn't reflect this due to potential hidden threats. Shareholders appear skeptical of forecasts, accepting lower selling prices. Concerns about earnings instability persist despite a significant rise in shares.
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Deutsche Bank analyst Gary Zhou prefers Xinyi Solar despite caution about the solar industry in 2024 due to its better supply discipline, leading market share, and cost advantage. Jefferies analysts expect stable gross profit margin due to improving supply-demand balance.
Insider transactions at Xinyi Solar Holdings hint at a positive company outlook. Significant insider purchases, no sales, and high insider ownership suggest management's shareholder alignment. However, investors should note the company's associated risks, including 2 warning signs.
Despite forecasted growth, the company's P/E ratio aligns with others, indicating investor skepticism about meeting growth expectations. Unseen threats to earnings may prevent the P/E ratio from reflecting a positive outlook.
Hong Kong stocks fell for 4 consecutive days.$Hang Seng Index(800000.HK)$slightly opened 4 points higher at 17,359, and once sagged 326 points or 1.9% to a low of 17,046. The index last printed at 17,052, down 301 points or 1.7%. Total turnover amounted to $61.2 billion. Blue chip stocks generally decreased.$美団点評(03690.HK)$'s 3Q23 adjusted earnings beat expectations. However, its 4Q23 takeaway business revenue growth is expected to slow down. ...
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HopelessChi :
4 days erased more than any gains warranted
Xinyi Solar Holdings stock seems overpriced currently despite promising future profit growth, due to high PE ratio. The optimistic outlook might encourage exploration of other factors for next price drop.
Photovoltaic glass has entered a new round of capacity expansion. In 2018, the policy of photovoltaic rolled glass was tightened, and the new products on the supply side were limited. By 2020, the supply was in short supply, and the price rose sharply. At the end of 2020, the policy was relaxed again, and photovoltaic glass entered a new round of pr...
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Blue chip stocks generally decreased. $美団点評(03690.HK)$'s 3Q23 adjusted earnings beat expectations. However, its 4Q23 takeaway business revenue growth is expected to slow down. ...
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