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交銀國際:維持信義光能(0968.HK)買入評級 降目標價至15.74港元
格隆匯 05-10 12:57

交銀國際發表報吿表示,將信義光能(0968.HK)目標價由24.2港元調低至15.74港元,維持買入評級。該行指,基於光伏玻璃價格跌幅超預期,調低2021-23年每股盈利預測22-24%。

報吿指,由於供給快速增加且需求尚處於淡季,3.2毫米光伏玻璃每平米價格由3月的40元人民幣大跌至5月的23元,跌幅遠超市場預期。去年4季度過高的玻璃價格導致二三線廠商和新進入者大舉擴產,明後年產能過剩將加劇。但價格大跌後,預計二三線廠商明年實際落地產能或將明顯低於計劃。而公司仍將按計劃擴產,市佔率將更快提升。

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