大行評級|交銀國際:下調福萊特玻璃目標價至11.3港元 下調2025至27財年盈利預測
交銀國際發表研報指,福萊特玻璃首季度按季扭虧爲盈,錄純利1.06億元,遠勝市場預期蝕約7000萬元,去年第四季度虧損2.89億元。該行引述第三方數據指,首季度內地2.0mm光伏玻璃均價按季上漲5.5%,同時成本下降,推動毛利率按季大幅提高8.8個百分點至11.7%。另外,光伏玻璃價格3至4月強勁反彈,二、三線企業投產較多。福萊特玻璃越南產能受“對等關稅”影響,但該行認爲總體影響有限。
該行將福萊特玻璃2025至2027財年盈利預測,分別下調15%、10%及9%,同時將目標價由13.45港元下調至11.3港元。同時該行預計,福萊特玻璃第二季度盈利有望按季大增,公司相比同業盈利優勢明顯,故維持“買入”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.