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《大行報告》大和上調福耀玻璃(03606.HK)目標價至64元 評級「買入」
大和發表報告指,福耀玻璃(03606.HK)管理層參與了其舉行的路演,該行認爲集團的美國業務可受惠於穩健的經營及競爭對手撤出,不過歐洲業務因需求更爲疲弱,料下半年會面臨壓力。 根據該行估計,雖然美國乘用車銷量按年下降18%,但福耀本地汽車玻璃產量在上半年有中高單位數增長。由於汽車玻璃銷量增長及太陽能背板玻璃出貨,集團美國業務毛利率達30%,淨利潤率達9.8%。 大和上調福耀玻璃股份目標價,由60元升至64元,評級維持「買入」。
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