Citi raises its target price for Sheng Xin Technology (03800.HK) to 1.65 Hong Kong dollars and maintains a "buy" rating.

According to the Securities Times APP, DBS released a research report stating that Xinjiang Goldwind Science & Technology (03800.HK) will sell 4.736 billion new shares to Wujin Capital Management at a price of 1.15 Hong Kong dollars per share. The net proceeds will be used to establish a capital reserve for anti-"involution" measures and develop silicon methane gas. The bank expressed optimism that the excess production capacity in the solar energy industry can be gradually eliminated in the first half of next year, believing that the supply and demand balance will become healthier and more balanced. Considering the increasing support from the mainland government for anti-"involution" movements, DBS has raised Xinjiang Goldwind Science & Technology's target price from 1.45 Hong Kong dollars to 1.65 Hong Kong dollars and maintains a "buy" rating.