Follett Glass (06865) fell more than 5%, down 5.07% at press time, to HK$17.6, with a turnover of HK$39.3 million.
The Zhitong Finance App learned that Follett Glass (06865) fell by more than 5%, down 5.07% at press time, to HK$17.6, with a turnover of HK$39.3 million.
According to the news, according to Solbi's consultation, some early ignition production lines have recently been put into production one after another, and the supply supply in the photovoltaic glass market has increased slightly. Looking at next week, glass manufacturers will mainly execute orders, and inventory deceleration is expected to slow down. It is expected that the market will generally maintain steady operation. Everbright Securities previously pointed out that component manufacturers' production schedules have increased recently, and support is just right. A new production line for photovoltaic glass has been put into operation. There is no mass production in the short term. Looking at next week, the relationship between supply and demand is OK. In terms of price, although there is limited profit margin in the component sector, and the degree of acceptance of price increases is average, there is no pressure on glass manufacturers' inventories at this stage, and it will still take time for new production capacity to reach production. Therefore, it is expected that next week the market will be mainly stable, and new prices will slowly follow.
Haitong International said that although the growth rate of new photovoltaic glass production capacity is slowing down in 2023, the release of overall demand fell short of expectations, mainly due to low price fluctuations, lowering the company's target price from HK$28.43 in '23 to HK$27.25. In addition, gross margin for 24-25 was lowered by 2.3 pct/1.2 pct. Operating revenue for 2024-2026 is estimated to be 278.89/331.67/38.648 billion yuan, respectively, and net profit to mother of 41.69/51.80/6.50 billion yuan, maintaining the “superior to the market” rating.