You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
大和:升福莱特玻璃(6865.HK)目标价至5.5港元 前景未见明朗
格隆汇 04-22 13:30

大和发表研究报告指,随着疫情降低海外对玻璃的需求,最近玻璃价格有所下降,料近期福莱特玻璃(6865.HK)毛利率将下跌至约30%,并认为于今年第一季录得高利润后,前景未见明朗,将目标价由5港元升至5.5港元,投资评级由“买入”降至“优于大市”。

该行表示,光伏玻璃平均售价已于去年10月达致顶峰,其后价格持续回落,预期今年公司的光伏玻璃平均售价由每平方米26元人民币下调至每平方米24元人民币,今年毛利率将下降5.4个百分点至27.5%。

该行认为,随着越南的出入境管制措施,公司原计划今年于越南扩展产能至每日2000吨,如今或下调至每日1000吨产能,料今年公司的有效产能较其原计划跌11%至每日5372吨,又指公司决定不派发2019年末期股息违反其稳定派息政策。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account