《大行報告》瑞銀上調福耀玻璃(03606.HK)目標價至55元 評級「買入」
瑞銀發表報告指,福耀玻璃(03606.HK)參加了該行舉行的大中華研討會,管理層分享了公司近期的經營。於去年第四季,公司的整體產能利用率超過80%,其中美國廠房改善至70%以上,兩者按季均有上升;至於純鹼價格按季亦有下降,但天然氣價則按季上升。
另一方面,管理層預期今年內地汽車玻璃出貨量的按年增速,仍將高於整體汽車市場,海外汽車玻璃出貨量按年增長亦有望超過10%。而汽車玻璃每平方米產品均價估計可按年升逾10%,公司預計其今年全球汽車玻璃市場佔有率為35%,2025年有望達40%。
瑞銀上調福耀玻璃股份目標價,以現金流折現率計,由52.8元升至55元,評級維持「買入」,並調升公司2023年至2024年盈利預測2%至5%。
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