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》華泰證券降信義光能(00968.HK)目標價至3.56元 維持「買入」評級
阿思達克 08-04 10:43
華泰證券發表報告指,信義光能(00968.HK)上半年收入及淨利按年分別跌6.3%和58.3%,淨利位於業績預告上沿,業績按年下滑主要因次季光伏玻璃價格快速下滑以及資產減值損失增加。該行認為光伏玻璃供給端開始減產,「反內捲」背景下供需格局有望改善,公司作為光伏玻璃龍頭,規模和成本優勢顯著,維持「買入」評級。 該行指,據卓創資訊,7月公司兩條900t/d停產冷修,預計下半年公司光伏玻璃產銷量或按半年下降,疊加7月以來光伏玻璃價格延續按年下滑趨勢,預計下半年公司收入及毛利率或延續承壓。 考慮光伏玻璃價格延續下滑,下調公司光伏玻璃單價假設,下調2025至27年各年盈測分別51%、45%及49%,至分別8.8億、14.3億及16.4億元人民幣,考慮光伏玻璃供給開始收縮,更關注2026年可能的供需改善對公司盈利的影響,目標價由4.09港元降至3.56港元。
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