Long XinYi Glass - Short term sentiment bottomingSlightly risky play hence small position should suffice.
HSI + Futures are seem to have found bottom here, good position for breakout play, nice risk to reward ratio too.
1.29HKD
5.37 BHKD
26.80 BHKD
1.54 B
About XINYI GLASS HLDGS
Sector
Industry
CEO
Ching Sai Tung
Website
Headquarters
Hong Kong
Founded
1988
ISIN
KYG9828G1082
FIGI
BBG000LG6G08
Xinyi Glass Holdings Ltd. is an investment company, which engages in the manufacture of glass products including float glass, automobile glass, engineering glass, and electronic glass. It operates through the following business segments: Float Glass, Automobile Glass, and Architectural Glass. The company was founded by Yin Yee Lee in November 1988 and is headquartered in Hong Kong.
Xinyi Glass (868.HK) is in a downward trendXinyi Glass (868.HK) is under a downward trend. The stock price cannot up cross the downward trend line. Also, there is a decrease in demand on construction and auto glass demand. The downside direction is with Hang Seng Index.
HKEX:868 Xinyi Glass awaiting break of short-term structure for HKEX:868 Xinyi Glass has formed a flag pattern in the past two weeks. This sits within an uptrending regression channel. It should rebound off $19.26, and then, if it breaks out of the short-term down channel (marked by the two red lines), and hits resistance level 20.64, I expect it to rocket up to
HKEX:868 Short term 20 days. Potential profit 18%HKEX:868 has a strong candle stick pattern appear on the support. 9.8. Now see if it will return to the previous support around 10.5
Buy in at 10.5
Cut loss at 9.76
Target at 12.4
See all ideas
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Frequently Asked Questions
The current price of 868 is 7.92 HKD — it has increased by 0.51% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on HKEX exchange XINYI GLASS HLDGS stocks are traded under the ticker 868.
XINYI GLASS HLDGS is going to release the next earnings report on Jul 29, 2024. Keep track of upcoming events with our Earnings Calendar.
868 stock is 2.59% volatile and has beta coefficient of 1.15. Check out the list of the most volatile stocks — is XINYI GLASS HLDGS there?
One year price forecast for XINYI GLASS HLDGS has a max estimate of 13.38 HKD and a min estimate of 6.00 HKD.
XINYI GLASS HLDGS revenue for the last quarter amounts to 12.10 B HKD despite the estimated figure of 16.29 B HKD. In the next quarter revenue is expected to reach 13.35 B HKD.
Yes, you can track XINYI GLASS HLDGS financials in yearly and quarterly reports right on TradingView.
868 stock has fallen by 10.10% compared to the previous week, the month change is a 8.97% fall, over the last year XINYI GLASS HLDGS has showed a 46.49% decrease.
868 net income for the last quarter is 3.22 B HKD, while the quarter before that showed 2.15 B HKD of net income which accounts for 49.79% change. Track more XINYI GLASS HLDGS financial stats to get the full picture.
Today XINYI GLASS HLDGS has the market capitalization of 34.81 B, it has increased by 3.87% over the last week.
XINYI GLASS HLDGS dividend yield was 7.19% in 2023, and payout ratio reached 48.76%. The year before the numbers were 4.26% and 48.97% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, 868 shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade XINYI GLASS HLDGS stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So XINYI GLASS HLDGS technincal analysis shows the sell today, and its 1 week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating XINYI GLASS HLDGS stock shows the sell signal. See more of XINYI GLASS HLDGS technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on XINYI GLASS HLDGS future price: according to them, 868 price has a max estimate of 13.38 HKD and a min estimate of 6.00 HKD. Read a more detailed XINYI GLASS HLDGS forecast: see what analysts think of XINYI GLASS HLDGS and suggest that you do with its stocks.