Xinyi Glass (00868) is now up nearly 4%, temporarily leading the blue chip increase. As of press release, it has risen 3.75% to HK$8.57, with a turnover of HK$61.9593 million.
The Zhitong Finance App learned that Xinyi Glass (00868) is now up nearly 4%, temporarily leading the blue chip increase. As of press release, it has risen 3.75% to HK$8.57, with a turnover of HK$61.9593 million.
China Merchants Securities released a research report saying that the PV module production schedule for March was close to 50 GW, compounding the demand from the downstream industry chain, and the industry reported a significant decline in glass inventories. It is estimated that the PV module production schedule for April '24 may be close to 55GW in a single month. According to the current glass supply situation, we analyzed that the monthly production schedule of components is 55-60 GW, and glass supply and demand may be tightening. Glass prices are expected to rise.
Lyon previously released a research report saying that the bank has always believed that Xinyi Glass is more flexible than market expectations because the automotive and architectural glass sector was on the defensive during a period of sluggish potential, and raw material costs showed a downward trend this year. The bank raised the Group's target price to HK$10.1, maintaining a “outperforming the market” rating.