Damo raised Xinyi Solar's earnings forecast per share for this year and next two years by 13% and 2%, respectively.
The Zhitong Finance App learned that Morgan Stanley released a research report stating that it has updated a series of forecast models for Xinyi Solar Energy (00968) to reflect the Group's actual profit performance last year. Among them, the production forecast for today and next two years will be adjusted based on the latest production line starts according to management guidelines. Damo also raised the target price of Xinyi Solar Energy's shares, from HK$5.8 to HK$6.4. Earnings forecasts per share for the current year and next two years were raised by 13% and 2%, respectively, and the rating maintained an “increase in holdings”.