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XINYI SOLAR Slumps 6%+ after Forecasting Annual NP to Dive 80% Max.; XINYI GLASS Craters ~3%
Recommend 5 Positive 19 Negative 15 |
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Both blue chips XINYI SOLAR (00968.HK) and XINYI GLASS (00868.HK) issued profit warnings, forecasting their net profits for the year ending December 31, 2024 to slump by 70-80% YoY and 30-40% YoY, respectively, weighing their share prices down in tandem. XINYI SOLAR opened 3.82% lower this morning (2nd), bottoming at $2.89 to hit more than three-month low. It last traded at $2.95, down 6.05%, with 21.51 million shares traded, involving a total of $63.2265 million. XINYI GLASS opened 2.41% lower at $7.51, setting an over-three-month low. It last traded at $7.66, down 2.92%, with 2.487 million shares traded, involving $18.9283 million. AAStocks Financial News |
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