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CICC lowers Xinyi Glass's target price by 11% and maintains 'outperform' rating
Jinshi Data March 4th News, CICC released a report pointing out that the target price of Xinyi Glass (00868.HK) was lowered by 11% to 8.5 Hong Kong dollars, mainly due to comprehensive profit adjustments and the entry of float glass into the industry’s bottom cycle. There may be room for valuation repair in the future, and the “outperform industry” rating is maintained.