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00968 XINYI SOLAR
RTNominal unchange2.790 0.000 (0.000%)
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27/09/2017 17:36

[I-bank focus]Credit Suisse lifts Xinyi Solar to HK$2.7

[ET Net News Agency, 27 September 2017] Credit Suisse lifted its target price for Xinyi
Solar Holdings (XYS)(00968) to HK$2.7 from HK$2.4, and maintained its "neutral" rating.
The research house said the strong demand momentum is also positive news to solar glass
producers, but it expects relatively weaker improvement given the oversupply of solar
glass.
Despite the recent solar glass price hike, Credit Suisse expects earnings enhancement
may be muted due to raw material cost increase (soda ash). It increased its FY2017-19 EPS
forecasts by 4-14% mainly due to 1-2% increase in solar glass ASP assumptions. (KL)

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