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《大行報告》建銀國際降信義光能(00968.HK)目標價至7.2元 第四季太陽能玻璃價格動力減弱
建銀國際發表評級報告指,太陽能玻璃行業庫存周期有機會由第三季末的18日升至第四季的20日,而信義光能(00968.HK)等市場領導者的庫存或會維持約兩個星期。該行料,太陽能玻璃生產商第四季毛利率呈按季下跌,由第三季的逾20%跌至高十位數(high-teens)。 該行指,需求遜於預期或影響價格前景,料第四季太陽能玻璃價格動力減弱;在低價格環境下,一級企業如信義玻璃,在盈利能力和庫存風險方面處於最佳位置。該行將公司在2023年至25年盈利預測下調6%至10%,並將其目標價由10元下調至7.2元,維持其評級為「跑贏大市」。(ca/cy) ~
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