You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
大和:維持信義光能(0968.HK)目標價16.3港元 評級“優於大市”
格隆匯 12-18 14:33

大和發表研究報告指,信義光能(0968.HK)計劃在4年內增加24條光伏玻璃熔爐生產線,而由於供應緊張,光伏玻璃價格可能在2021年第一季度持續高企。該行維持集團目標價16.3港元及“優於大市”評級。

大和估計,假設集團到2023-24年有8條生產線,未來4年集團光伏玻璃總產能將再擴展2.2倍,由2020年的每日1.09萬噸增加到2024年的每日3.49萬噸。

信義光能管理層表示,目前的光伏玻璃價格已基本達到了創紀錄的每平方米43元人民幣的高峯。但由於短期內沒有有效的產能增加,預計供應將繼續緊張,目前的高價玻璃平均售價將可在明年第1季持續。因此大和預計,這或將支持集團光伏玻璃板塊的毛利率至約60%。

大和上調集團2021-22年度盈利預測0.4-8%,以反映其更低的融資成本和快速的產能擴展。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account