麥格理:信義玻璃(0868.HK)將受益於人民幣走強,予目標價22.5港元
格隆匯3月1日丨麥格理髮研報指,信義玻璃(0868.HK)去年度純利約115.56億港元,按年升80%符預期,亦處於早前發出的盈喜的偏高水平。這受益於期內售價和銷量顯著提升,還抵銷了去年下半年原料和能源價格上漲,以及被同系的信義光能(0968.HK)搶佔部分市場份額的影響。該行維持“中性”評級,以反映天然氣價格高企和房地產疲弱帶來的高風險敞口,目標價22.5港元。報吿指,儘管行業正處淡季,但信義玻璃股價年初至今已上漲25%,認為近期有兩個正面因素利好信義玻璃,包括俄烏戰爭推高人民幣匯價有利集團的人民幣資產;及內地房地產業的刺激政策將帶動玻璃需求。

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.