Goldman Sachs: Expects continued decline in demand for solar glass and maintains "sell" rating on Xinyi Solar Holdings (00968.HK) and Flat Glass Group (06865.HK)

Zhixin financial APP learned that Goldman Sachs released a research report stating that based on forecasts of reduced effective capacity, price decreases, and rising costs, the bank will reduce its EBITDA forecasts for Fuyao Glass (06865, 601865.SH) and Xinyi Solar (00968.HK) for the years 2025 to 2026 by 58% and 73% respectively, and the EBITDA forecasts for the years 2027 to 2030 by an average of 2%. The target price for Fuyao Glass H shares was slightly reduced from 6.7 Hong Kong dollars to 6.6 Hong Kong dollars, the target price for Fuyao Glass A shares was reduced from 10.3 Chinese yuan to 10.2 Chinese yuan, and the target price for Xinyi Solar was maintained at 1.9 Hong Kong dollars. The "Sell" rating for both stocks remains unchanged.