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.
《大行報告》大摩:玻璃股首選洛玻 下調信義玻璃、信義光能目標價
大摩發表研究報告,預期明年太陽能玻璃和浮法玻璃仍會面對逆景。多晶矽及模組價格激增,抑制模組生產商對太陽能玻璃需求,使目前材料庫存堆積超過29天。加上2022新生產線的銷量預期貢獻,料太陽能玻璃價格繼續受壓。 浮法玻璃方面,該行認爲目前庫存水平仍較過去幾年高。而在即將到來的農曆新年假期,下遊加工廠將停產,物業建築工程亦會停工,因此浮法玻璃生產商現階段優先考慮去庫存,爲農曆新年假期積累約一個月的庫存作準備。該行不期望浮法玻璃價格將於新年假期後有大幅反彈的表現。 此外,監於玻璃行業基本面不太有利的情況下,該行預期至2022年,太陽能玻璃的供應過剩幅度介乎2,400至4,000噸水平,爲價格帶來壓力。 而玻璃股中,該行首選洛陽玻璃(01108.HK),認爲其銷量增長強勁,看好其新生產線建設、行業收購和來自母企的潛在資產注入。另相比起浮法玻璃,該行更爲偏好太陽能玻璃。此外,該行下調信義玻璃(00868.HK)目標價22%至20.8元,信義光能(00968.HK)目標價削13%至16.6元(詳見另表)。
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