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》大摩下調福耀玻璃(03606.HK)目標價至31元 評級「與大市同步」
摩根士丹利發表報告表示,面對地緣政治緊張局勢,福耀玻璃(03606.HK)相信可以迅速將生產從俄羅斯工廠轉移到中國,但該行認爲這可能會進一步令毛利率帶來壓力,因爲運輸成本增加和俄羅斯工廠利用率不足,可能削弱其中國出口的利潤增長。 報告補充,福耀玻璃管理層此前預計子公司FYSAM汽車飾件(德國)將在2021年內實現收支平衡,但由於芯片短缺和在更具挑戰性的宏觀背景下更高的減值損失,時間表一直被推遲,第四季度的淨虧損更顯着擴大,按季擴大9,000萬元人民幣,原因是公司在將11個分散的工廠整合爲2+1集成製造+維護基地後,在其德國工廠實施了新的ERP系統並註銷了過時的貨物。 大摩指出,公司鋁業業務正在中國按計劃進行,更多的新工廠正在籌備中,今年首兩個月鋁飾件業務的整體訂單量看起來很強勁,目前中國仍然是該業務主要驅動力。該行將其今明兩年每股盈利預測下調11%及15%,目標價相應由46元下調至31元,維持「與大市同步」評級。
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