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》大和升福萊特玻璃(06865.HK)評級至「買入」 上調目標價至10元
阿思達克 07-03 14:50
大和發表研究報告指,福萊特玻璃(06865.HK)日前公布盈利預喜,上半年淨利潤料按年增長61%至80%,當中次季或增長1.4至1.7倍,考慮到第二季光伏玻璃價格受疫情打擊,下跌約17%,期內表現勝過市場預期。

該行將上半年業績表現強勁業績,歸因於雙面玻璃產品滲透率由去年10至15%點升至目前的25%、原材料矽砂及燃料成本價格下降;以及熔爐產量擴大帶動經濟效益增加。受海外需求疲弱影響,第二季光伏玻璃價格累跌17%,至每平方米24元人民幣。大和預期,原材料及燃料成本低,今年毛利率可提升至30.4%,預計平均售價將觸底,將下半年光伏玻璃售價預測提由22元人民幣升至提升至24元人民幣。

該行並預料,今年供過於求的情況會改善,比率從21%減輕至15%,將2020年淨利潤預測提高2%,以反映玻璃平均售價有上升空間,評級由「跑贏大市」升至「買入」,目標價由5.5元上調至10元。

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