大和:下調福萊特玻璃(6865.HK)目標價至33港元 評級“買入”
大和總研發表研究報吿指,光伏玻璃價格似乎進入下行週期,福萊特玻璃(6865.HK)的價值較同業信義光能(0968.HK)吸引。該行重申對福萊特玻璃的“買入”評級,目標價由41港元下調19.51%至33港元。
大和指,3月3日的3.2毫米光伏玻璃價格按周跌7%至每平方米40元(人民幣,下同),自去年12月達每平方米43元后加速下跌,認為光伏玻璃的需求將由2020年的15%短缺,變成2022年的過度供應11%,光伏玻璃平均售價及逾50%的毛利率將回歸正常。
該行將2021年光伏玻璃價值預測下調3%至每平方米33元,而福萊特玻璃仍具產能增長速度較快的優勢,將可抵銷毛利率下降的影響。該行又將福萊特玻璃2021-22年盈利預測下調4%。

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 this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.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.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.