No Data
jpmorgan increased its shareholding in flat glass (06865) by approximately 0.6465 million shares at a price of about 12.63 Hong Kong dollars per share.
On November 15, jpmorgan increased its shareholding in flat glass (06865) by 646,503 shares at a price of HKD 12.6297 per share, for a total amount of approximately HKD 8.1651 million.
bocom intl: Upgraded xinyi solar to 'buy', target price lowered to 4.04 HKD.
Bocom Intl released a research report stating that xinyi solar (00968) has been upgraded to "buy". Due to the decline in photovoltaic glass prices being greater than expected and the company's production falling short of expectations, the profit forecasts for 2024-2026 have been reduced by 25%/35%/29%, and the target price has been adjusted to HKD 4.04 (originally HKD 4.09). The company's photovoltaic power generation business is relatively stable in profitability and can continuously provide cash flow, with a debt ratio significantly lower than that of peers in the photovoltaic glass industry. Therefore, while the industry struggles with losses and is unable to expand production, the company is still able to maintain overall profitability and expand against the trend, putting it in a favorable competitive position. Bocom Intl's main viewpoints are as follows: The price of photovoltaic glass continues.
Flat glass (06865.HK) received a shareholding of 0.6465 million H shares from jpmorgan, worth approximately 8.1651 million Hong Kong dollars.
Reported on November 21st, according to the documents disclosed by the Hong Kong Stock Exchange on November 21st, jpmorgan Chase & Co. increased its shareholding in flat glass (06865.HK) on November 15th at an average on-exchange price of HK$12.6297 per share and an average off-exchange price of HK$12.6263 per share, totaling $0.6465 million H shares, worth approximately HK$8.1651 million. After the increase, jpmorgan Chase's latest number of shares held is 39.8699 million shares, and the long position ratio increased from 8.87% to 9.02%. Image Source: Stock Exchange Equity Disclosure
Flat Glass Group (601865): Performance under pressure in Q3 due to industry supply and demand impact.
Event: The company released its third quarter report for 2024, achieving revenue of 14.604 billion in the first three quarters of 2024, down 8.1% year-on-year, with net income attributable to the parent of 1.296 billion, down 34.2% year-on-year, with a gross margin of 19.0%, same.
Abnormal movement: Photovoltaic stocks generally rise, MIIT guides photovoltaic companies to reduce production capacity expansion. Institutions point out that industry capacity elimination is progressing rapidly.
On November 20, the Ministry of Industry and Information Technology announced on its official website that it has revised the "Standard Conditions for the Photovoltaic Infrastructure" and the "Interim Measures for the Management of Photovoltaic Infrastructure Standards Announcement". Among them, the Ministry guides photovoltaic companies to reduce photovoltaic manufacturing projects that simply expand production capacity. For newly built and expanded photovoltaic manufacturing projects, the minimum capital ratio is 30%.
Zhizhong Hong Kong stocks early knowledge | Ministry of Industry and Information Technology: Guide photovoltaic companies to reduce purely capacity expansion photovoltaic manufacturing projects. nvidia (NVDA.US) fell by as much as 5% after earnings.
On November 20, the Ministry of Industry and Information Technology issued a notice revising the "Specification Conditions for the Photovoltaic Manufacturing Industry" and the "Interim Measures for the Management of Announcements for the Photovoltaic Manufacturing Industry".
No Data
No Data