大行評級|星展:下調福萊特玻璃目標價至7.5港元 預期復甦需時會比預期中長
星展發表報吿指,福萊特玻璃今年首季扭虧為盈,勝預期,毛利因為嚴謹的成本控制及燃氣成本較低而有所改善。該事指,儘管公司有積極控制成本以減低生產成本及改善毛利,但仍關注市場有新的產能湧入,會中期影響玻璃平均售價的上行可能。故此,該行將福萊特玻璃今明兩年的收入預期下調約18%,導致盈利預測被削減約40%。該行料福萊特玻璃今年盈利會見8%的跌幅,2026年會有33%的反彈增幅,復甦需時會比預期中長,將福萊特玻璃H股目標價由12.5港元降至7.5港元,維持“持有”評級。
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