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《大行報告》摩通降福耀玻璃(03606.HK)評級至「中性」 目標價下調至34元
摩通發表報告指,紅海危機下,從中國出口到歐盟和美國收入較高的汽車零部件製造商將受影響,包括福耀玻璃(03606.HK)和敏實(00425.HK)。一些企業可能會選擇改用陸運來保證供應,意味著成本將增加三倍。該行料汽車零部件公司第一季的運輸成本可能會按季增加約110%至300%。 除成本增加外,摩通亦擔心全球汽車供應鏈可能受到干擾,因為多家原始設備製造商,如特斯拉(TSLA.US)、富豪汽車等因零部件短缺而暫停生產十至十五天。 摩通將福耀玻璃評級由「增持」下調至「中性」,預計在該行覆蓋的汽車零部件業務中,福耀玻璃受海運成本上升的影響最大。該行預計福耀玻璃毛利率將受到1個百分點影響,而敏實將受到不足0.5個百分點的影響。該行同時將福耀玻璃今年盈利預測下調5%,目標價由46元下調至34元。
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