高盛：中国光伏玻璃及多晶硅-股价因对供给侧政策预期过度反应上涨

China Solar: Glass/Poly Share price rally overly reacted on supply-side policy anticipation, reiterate Sell on Flat/Xinyi/Tongwei Share prices for our Solar Glass/Poly coverage have rallied by 17%/17% on average during June 30-July 2 (vs. largely flat performance of CSI300 and HSI at +0.6%/-0.3%), on the back of rising supply-side policy expectations following the readout from Central Financial and Economic Affairs Commission on July 2 and two high profile opinion pieces (by People's Daily on Jun 29 and Qiu ...