Positive profit alert; key takeaways on recent investors calls
? Xinyi Glass issued a positive profit alert after market close on 20 Dec 2021; net profit is expected to increase 70–85%, to HK$10.9bn–$11.9bn in 2021.
? Forming a JV with Xinyi Solar to produce polysilicon in Yunnan is expected to have a limited impact on the Company’s profitability in the near term.
? Shares of Xinyi Glass were under pressure after the announcement about its investment in the polysilicon business. The correction seems overdone.