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Hong Kong stock market changes | Photovoltaic stocks generally fell in early trading, with some companies' bids below the self-regulated minimum price set by the industry. Goldman Sachs previously stated it is monitoring the follow-up execution of product
In the morning session, solar stocks experienced widespread declines. As of the time of reporting, XINYI ENERGY (03868) fell by 3.61%, trading at 0.8 HKD; FLAT GLASS (06865) decreased by 2.63%, trading at 11.84 HKD; XINTE ENERGY (01799) dropped by 2.31%, trading at 7.61 HKD; XINYI SOLAR (00968) declined by 1.89%, trading at 3.12 HKD.
Xinyi Glass Holdings Announces Marine Transportation Agreement
[Brokerage Focus] China International Capital Corporation indicated that the price of Float Glass is recovering, but the pace of cold repairs is slowing down.
Golden Eagle Financial News | China International Capital Corporation stated that the prices of float Glass are recovering, but the pace of cold repairs is slowing down. From January to November, the national flat Glass production was 0.91 billion boxes, an increase of 3.2% year-on-year; in November, the monthly flat Glass production decreased by 5.6% year-on-year and dropped by 1.3% month-on-month. Since November, the southern market has been at the tail end of the peak season. Driven by positive policy expectations impacting downstream restocking, the tax-inclusive average price of float Glass has recovered to 1430 yuan/ton, which is an increase of 160 yuan/ton compared to October, and corporate profits have also improved significantly. However, the pace of cold repairs has also slowed down; as of mid-December, the daily melting capacity of float Glass was 0.1596 million tons.
Morgan Stanley's investment rating and target price for resource stocks Listed in Hong Kong (table).
Morgan Stanley published a research report, listing the investment ratings and target prices for resource sector H shares as follows: Stock | Investment Rating | Target Price (Hong Kong Dollar) Zijin Mining Group (02899.HK) | Shareholding | 22.9 MMG (01208.HK) | In line with the market -> Shareholding | 2.5 -> 3.6 Aluminum Corporation Of China (02600.HK) | Shareholding | 7.1 -> 5.5 CHINAHONGQIAO (01378.HK) | Shareholding | 14.1 -> 15.4 ZHAOJIN MINING (01818.HK) |
Pacific Securities: A reversal in the photovoltaic Industry is imminent. Pay attention to three directions.
The Research Reports from The Pacific Securities indicate that with continuous breakthroughs in new markets and new technologies, a new cycle of price parity in solar storage is accelerating its onset, and a reversal in the photovoltaic Industry is imminent, suggesting attention to three directions.
XINYI GLASS (00868HK) and XY ELEC STORAGE (08328.HK) have signed an automobile glass sales agreement.
XINYI GLASS (00868.HK) announced the sale of automobile glass products to related party XY ELEC STORAGE (08328.HK), covering a period from 2025 to the end of 2027, lasting three years, with an expected annual trade amount of no more than 10.2 million yuan, 11 million yuan, and 11.8 million yuan.