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.
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1.42HKD
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
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
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Frequently Asked Questions
The current price of 868 is 8.82 HKD — it has increased by 0.68% in the past 24 hours. Watch XINYI GLASS HLDGS stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on HKEX exchange XINYI GLASS HLDGS stocks are traded under the ticker 868.
868 stock has risen by 3.52% compared to the previous week, the month change is a −4.03% fall, over the last year XINYI GLASS HLDGS has showed a −1.01% decrease.
We've gathered analysts' opinions on XINYI GLASS HLDGS future price: according to them, 868 price has a max estimate of 11.60 HKD and a min estimate of 9.60 HKD. Watch 868 chart and read a more detailed XINYI GLASS HLDGS stock forecast: see what analysts think of XINYI GLASS HLDGS and suggest that you do with its stocks.
868 stock is 4.05% volatile and has beta coefficient of 1.51. Track XINYI GLASS HLDGS stock price on the chart and check out the list of the most volatile stocks — is XINYI GLASS HLDGS there?
Today XINYI GLASS HLDGS has the market capitalization of 38.17 B, it has increased by 4.66% over the last week.
Yes, you can track XINYI GLASS HLDGS financials in yearly and quarterly reports right on TradingView.
XINYI GLASS HLDGS is going to release the next earnings report on Mar 3, 2025. Keep track of upcoming events with our Earnings Calendar.
868 net income for the last half-year is 2.73 B HKD, while the previous report showed 3.22 B HKD of net income which accounts for −15.15% change. Track more XINYI GLASS HLDGS financial stats to get the full picture.
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.
As of Nov 1, 2024, the company has 14.86 K employees. See our rating of the largest employees — is XINYI GLASS HLDGS on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. XINYI GLASS HLDGS EBITDA is 6.99 B HKD, and current EBITDA margin is 24.43%. See more stats in XINYI GLASS HLDGS financial statements.
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 buy rating today, and its 1 week rating is buy. 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 neutral 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.