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While there will be short-term pressure in the shares of downstream solar-power producers, upstream component manufacturers will enjoy higher margins. We think Xinyi Solar will be a major beneficiary.
While we think that a potential cut in feed-in-tariffs for waste-to-energy and biomass projects will be negative for the industry, we think that the strong growth seen by the sector could partly offset the impact.
DBS tracks developments in the economies, foreign exchange and fixed income markets of the Asia-11 (China, Hong Kong, Taiwan, Korea, Singapore, Malaysia, Indonesia, Thailand, the Philippines, Vietnam ...
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