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<Research>HSBC Research Prefers CHINA LONGYUAN Among Renewable Energy Utilities, Keeps Cautious on Supply Chain but Likes FLAT GLASS/ GCL TECH
Recommend 31 Positive 59 Negative 24 |
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HSBC Global Research issued a research report preferring CHINA LONGYUAN (00916.HK) among Chinese new energy stocks as the company is a key beneficiary of potential new energy support policies. The broker maintained a cautiously optimistic view on solar supply chain players, based on slower demand growth in 2025-2030, geopolitical risks and oversupply. HSBC Global Research saw the polysilicon and glass segments leading a market recovery this year, driven by faster supply consolidation. FLAT GLASS (06865.HK) and GCL TECH (03800.HK) are relevant beneficiaries. HSBC Global Research also believed the wind turbine market should benefit from growth in offshore and overseas sales mix, although execution may be a risk to watch. Therefore, theh broker kept rating at Hold on GOLDWIND (02208.HK). The following table summarizes HSBC Global Research's latest ratings and target prices for Chinese new energy stocks: Stock│ Rating│ TP CHINA LONGYUAN (00916.HK)│Buy│$8.4 FLAT GLASS (06865.HK)│Buy│$15.8 GCL TECH (03800.HK)│Buy│$1.8 GOLDWIND (02208.HK)│Hold│$7.1-> $7 AAStocks Financial News |
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