The Zhitong Finance App learned that PV stocks generally rose. As of press release, Kaisheng New Energy (01108) rose 5.2% to HK$4.45; Follett Glass (06865) rose 3.13% to HK$13.84; Xinyi Solar (00968) rose 2.71% to HK$3.79; and GCL Technology (03800) rose 1.03% to HK$0.98.
Capital Securities pointed out that prices in the industrial chain have been rising steadily recently. As the Spring Festival is approaching, enterprises have basically completed pre-holiday preparations. Subsequent prices need to pay close attention to the extent of post-holiday demand recovery and actual production capacity investment progress. On the demand side, new PV installations in 2023 exceeded expectations, and the installed capacity growth rate is expected to slow in 2024; the supply-side surplus situation is improving marginally. Guojin Securities said that in the current context where the market anticipates potential negative factors in the PV sector in Q1 and there is no full consensus on potential positive catalysts, the bank continues to be firmly optimistic about the magnitude and sustainability of this round of “repairing the market.”