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.
《大行報告》瑞銀下調福耀玻璃(03606.HK)目標價至24元 評級「買入」
阿思達克 05-15 10:00
瑞銀發表報告,相信福耀玻璃(03606.HK)在中國市場佔有率超過60%的主導地位、高度垂直整合的價值鏈(由浮法玻璃到封裝)、穩定的派息政策(自2012年起派息比率逾60%),及潛在擴展其全球足跡和業務線,將有助集團在行業下行周期中進一步增加佔有率,並可快速提升毛利率和使自由現金流改善,料此等情況將在今年下半年在中國開始,美國及歐洲則在明年。

該行表示,福耀近期的股價調整相信是大致反映行業面對的挑戰,包括沒有可見復甦,及集團的新業務計劃不被欣賞。該行對集團通過FYSAM在歐洲進入汽車飾件領域的計劃看法正面,相信相關業務可提升集團價值。

瑞銀下調福耀玻璃股份目標價,由28元降至24元,評級維持「買入」。該行認為,集團有可持續的派息,加上潛在的復甦及新增長機會,其目前估值吸引。

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