Hong Kong Stock Market Performance: Hong Kong stocks opened higher on the 12th, with the HSI gaining 58 points initially and reaching a high of 27,016 before closing at 26,890, up 193 points or 0.7%, with a turnover of approximately $125.4 billion.
Photovoltaic Stocks Decline: A-/H-shares of photovoltaic stocks experienced significant declines, with GCL TECH dropping 9.15% and other major players like XINYI SOLAR and LONGI GREEN ENERGY also facing substantial losses, reflecting a broader downturn in the sector.
Short Selling Activity: There was notable short selling activity in the photovoltaic sector, with GCL TECH and XINYI SOLAR seeing high short selling ratios, indicating bearish sentiment among investors.
Wind Power Equipment Stocks: GOLDWIND, a wind power equipment stock, also saw a decline of 4.76%, contributing to the overall negative trend in renewable energy stocks on the market.
Wall Street analysts forecast 00968 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00968 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 00968 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00968 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 3.160
Low
Averages
High
Current: 3.160
Low
Averages
High
CICC
maintain
$13
Al Analysis
2025-12-23
Reason
CICC
Price Target
$13
Al Analysis
2025-12-23
maintain
Reason
The analyst rating from CICC is based on the current challenges facing the PV glass market, including dull demand, increasing inventory days, and a significant drop in prices to RMB11.5 per square meter. This has led to the profitability of leading companies nearing breakeven, while others are incurring deeper losses. Despite these challenges, CICC anticipates that prices and costs will stabilize next year, with an estimated average price for 2.0mm PV glass projected to be between RMB13-13.5 per square meter. CICC's recommendation for XINYI SOLAR and FLAT GLASS reflects a cautious outlook, maintaining valuation and earnings forecasts unchanged amidst the current market conditions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
