《大行报告》瑞信下调信义光能(00968.HK)目标价至20.5元 评级「跑赢大市」
瑞信发表研究报告,指与信义光能(00968.HK)管理层会面,并就太阳能玻璃短期价格、需求展望及长远策略等进行交流。
报告引述新闻报道指,4月付运太阳能玻璃价格按月跌约30%,意味玻璃毛利率正常化,由55%降至36%。报告称,公司库存水平健康,预期未来或有自愿性降价措施,以推动下游需求。
考虑玻璃价格预测下调,该行降公司2021至2023年每股盈测介乎2.6%至9.9%,目标价由22元降至20.5元,评级「跑赢大市」。如早前所述,大全新能源(DQ.US)、隆基股份(601012.SH)及信义光能属该行行业首选,料受惠中国长远新能源增长。
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