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《大行》匯研升福萊特玻璃(06865.HK)目標價至14.3元 行業庫存有改善
阿思達克 08-28 12:36
匯豐研究報告指,福萊特玻璃(06865.HK)上半年中國企業會計準則淨利潤按年跌83%至2.61億元人民幣,意味次季按季升46%至1.55億元人民幣,符合市場預期。儘管預期下半年光伏裝機需求萎縮,且當前太陽能玻璃價格令公司營運僅接近盈虧平衡點,因此第三季盈利可能持續波動。不過,行業基本面已出現改善,截至2025年8月底,庫存天數已回落至20天以下,基於全球供應量有效削減。 展望未來,該行認為新增供應受控以及內地反內捲政策,可為價格帶來上行空間,並持續看好集團的成本領導地位;H股目標價由13.8港元升至14.3港元,福萊特A股(601865.SH)目標價由22.6元人民幣升至23.4元人民幣,A/H股評級均為「買入」。
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