bullish
Xinyi Glass (868 HK): More Resilient Than Perceived
1.1k Views05 Oct 2023 15:58
Xinyi Glass Holdings' stable auto glass business is often overlooked but makes up a significant portion of its gross profit. The current valuation suggests high upside with downside protection.
Boomeranged on Thu, 12 Oct 2023 10:44
I am pushing this up after only a week because of 1) news that China plans to increase budget deficit for 2023 and issue at least RMB1 trillion debt on infrastructure, and 2) management kept buying shares (nearly 1 million more since previous report on October 5). Limited downside, quite a lot of upside on the stock in the short to medium term.
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