share_log

中信里昂:维持信义玻璃“跑赢大市”评级 目标价上调至10.1港元

CITIC Lyon: Maintaining Xinyi Glass's “Outperforming Market” Rating Target Price Raised to HK$10.1

新浪港股 ·  Mar 13 23:53

CITIC Lyon released a research report stating that it maintained Xinyi Glass (00868)'s “outperforming the market” rating and raised the target price to HK$10.1. The bank has always believed that the company is more flexible than market expectations because automotive and architectural glass stock prices are defensive during a period of potential slump in completion, and raw material costs are trending downward in 2024. It also indicated that one of the reasons for the rise in the company's stock price is that sentiment in the float glass industry has improved, as funding from the mainland real estate whitelist may help ease the upcoming weak demand for completion.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment