Group 1 - Citi has raised the profit forecast for Xinyi Solar by 19% for 2025 and by 3% to 8% for 2026 to 2027 due to lower solar glass production costs and tax expenses [1] - The target price for Xinyi Solar has been increased by 44% from HKD 2.3 to HKD 3.3 while maintaining a "Neutral" rating [1] - Xinyi Solar's net profit for the first half of the year has decreased by 58.8% year-on-year to HKD 746 million due to falling solar glass prices and weak demand [1] Group 2 - The average market price for 2.0mm solar glass has dropped by 18% from HKD 12.8 per square meter in the first half of the year to HKD 10.5 in July [1] - The company anticipates further declines in net profit for the second half of the year and is monitoring potential anti-competitive actions within the Chinese solar industry [1]
花旗：上调信义光能目标价至3.3港元 维持“中性”评级