CICC: Downgrade XinYi Energy to "Neutral" with a target price raised to 1.28 Hong Kong dollars.

date
05/08/2025
Wisdom Financial News APP learned that CICC released a research report stating that the electricity price of XinYi Energy (03868.HK) has fallen more than expected, increasing short-term electricity limit risk. After the recent sharp rise in the company's stock price, it has approached the target price. It is believed that the valuation attractiveness is limited in a situation with a lot of uncertainties, and the rating has been downgraded to "neutral". At the same time, the profit forecast for 2025-2027 was lowered by 6%, 7%, and 9%. Due to the overall increase in market valuation, the valuation benchmark was raised from 9.5 times P/E ratio to 10 times, and the target price was raised from 1.17 Hong Kong dollars to 1.28 Hong Kong dollars, switching from 2025 to 2026.