《大行報告》美銀證券下調信義光能(00968.HK)目標價至20元 評級「中性」
美銀證券發表研究報告指,信義光能(00968.HK)、福萊特玻璃(06865.HK)、福耀玻璃(03606.HK)等均計劃擴張太陽能玻璃產量,該行料信義光能到2022年或之前產能將增至每日30,000噸,不過部分視乎審批、平均銷售單價及融資等規模或有機會縮減,估計全球太陽能玻璃在2021年將現15%的短缺,除非環球需求遠高於該行預測,否則2022年將會有9.3%的供過於求,並將降低太陽能玻璃的毛利率,將公司目標價由22.1元降至20元,重申評級「中性」。
該行指出信義光能、福萊特玻璃等確認,3月1日3.2mm太陽能玻璃的平均銷售單價由每平方米42元降至40元人民幣,信義光能指引2021年太陽能玻璃產能增長快過該行預測,故將其2021財年銷量預測及毛利率預測上調,同時將公司2021年每股盈測升45%,不過公司指引太陽能玻璃平均銷售單價將跌約30%。現時該行估計到2022年全球太陽能玻璃將供過於求,屆時平均銷售單價有機會降至每平方米24元人民幣,毛利率則有機會由49%降至30%。(el/k) ~
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 this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.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.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.