Glonghui, March 5 | J.P. Morgan Chase released a report stating that it will hold a roadshow with Xinyi Solar. The management of Xinyi Solar Energy was quoted as saying that the pricing and profitability of photovoltaic glass will improve in the next quarter after being seasonally weak in the first quarter. They also indicated that the supply and demand outlook for photovoltaic glass this year is generally stable year by year, and the company is still maintaining its leading position in costs. The bank lowered its profit forecast for the company by 1% for this year, but raised its profit forecast for next year by 6% to reflect last year's business performance, PV glass pricing trends and capital investment. The bank raised its target price for the share by 8.5% to HK$6.4, maintaining an “gain” rating, believing that last year's results cleared up the market's doubts about the company's cost leadership. Motong maintains its preference for photovoltaic glass companies in the mainland photovoltaic industry, and also believes that Xinyi Solar provides slightly better risk return compared to Follett Glass.