Minsheng securities released a research report on January 28, saying that it gave Nantong Haixing Electronics Co.Ltd(603115) (603115. SH) a recommended rating. The reasons for rating mainly include: 1) the simultaneous rise of volume and price will boost the performance growth in 2021, and Q4 may be disturbed by the rise of seasonal costs; 2) The world’s leading enterprises in electrode foil have benefited from the development opportunities of new energy and 5g, and the future growth path is clear under the continuous expansion of production; 3) The electrode foil industry welcomes the inflection point of supply and demand, the downstream aluminum electrolytic capacitor ushers in price adjustment, and the space for electrode foil price increase is opened. This round of electrode foil price increase may be expected to continue, and the release of the company’s performance is expected to accelerate. Risk tip: the demand is less than expected, the lithium price has fallen sharply and its own project is less than expected.
AI comments: Nantong Haixing Electronics Co.Ltd(603115) obtained the attention of one Research Report of securities companies in recent month and bought one.
