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花旗:維持信義玻璃(0868.HK)買入評級 目標價41.3港元
格隆匯 12-21 12:40

花旗發表研究報吿指,信義玻璃(0868.HK)與信義光能(0968.HK)就多晶硅生產項目成立合營公司信義晶硅(香港),可被視為信義玻璃加大對清潔能源項目投資的努力,並得到信義集團對太陽能持積極態度的證明。該行維持其“買入”評級,目標價41.3港元。

該行指,信義晶硅(香港)將於2023年投入營運,並以股權收入反映在信義玻璃財務報表上。鑑於近期多晶硅價格波動,該公吿引起市場擔憂,但管理層強調他們將新業務視為一項長期計劃,對太陽能的發展充滿信心。

該行指,信義玻璃股價近幾個月出現過度修正,原因是浮法玻璃平均售價放緩和對房地產市場的擔憂,不過浮法玻璃平均售價已開始反彈,將有利提升估值。該行認為,清潔能源投資的增加使信義玻璃成為更具吸引力的ESG投資選擇。

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