The Zhitong Finance App learned that CITIC Lyon released a research report stating that it maintained Xinyi Glass (00868)'s “outperforming the market” rating and raised the target price to HK$10.1. The bank has always believed that the company is more flexible than market expectations because automotive and architectural glass stock prices are defensive during a period of potential slump in completion, and raw material costs are trending downward in 2024. It also indicated that one of the reasons for the rise in the company's stock price is that sentiment in the float glass industry has improved, as funding from the mainland real estate whitelist may help ease the upcoming weak demand for completion.