大和:上調福萊特玻璃(6865.HK)目標價至15.5港元 重申買入評級
大和發表研究報告指,福萊特玻璃(6865.HK)將受惠於玻璃價格上調,因現時玻璃供應量緊張,在需求強勁下,料玻璃價格下半年將持續上升,今年毛利率將可維持於約40%的歷史高位,將其目標價由14港元上調至15.5港元,重申買入評級。
大和表示,中石油潛在提供的天然氣價格優惠或使公司的開支下降,基於玻璃價格上升及生產成本下降,故將公司今年毛利率預測由38%上調至43%,料未來兩年在中國雙面玻璃的滲透率將會上升或超越50%,並預期公司雙面玻璃產量上升將支持其毛利率,該行上調其2020-22年每股盈利預測7-9%。

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