《大行報告》高盛下調福萊特玻璃(06865.HK)目標價至41元 評級「買入」
高盛發表研究報告,指福萊特玻璃(06865.HK)去年表現符合其盈喜的較高區間,收入升30%,純利升127%,末期息15仙人民幣,相等於18%派息比率。
該行指,太陽能玻璃付運量穩健,均價見提升,毛利率增16個百分點至49%。產能增長快速亦帶動增長,公司越南廠房兩條1,000噸生產線於上季及今季分別投入服務,未來有四條1,200噸生產線亦正計劃投產。
該行又指,公司計劃建五條1,500噸生產線,料於明年起投入服務,相信可以維持領導地位和提升市佔率,維持「買入」評級,降2021至25年盈利預期分別21%、26%、11%、3%及5%,目標價降5%至41元。
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