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《大行報告》匯豐研究下調福萊特玻璃(06865.HK)目標價至28元 評級「買入」
匯豐環球研究發表報告,維持福萊特玻璃(06865.HK)為太陽能玻璃製造行業的推薦股,指雖然仍警惕行業產能過剩的風險,但由於集團有成本競爭力及更好的產品組合,相信集團應可減輕相關的下行風險。 該行認為,與同業信義光能(00968.HK)相比,福萊特玻璃對加息的敏感性較低,因截至去年底其17%的銀行貸款為固定利率,83%為浮息,而借貸中有30%以美元計價,餘下為人民幣。 匯豐研究下調福萊特玻璃股份目標價,由33元降至28元,評級維持「買入」,並調低集團今年至2024年盈利預測1%至7%,太陽能玻璃毛利率預測亦相應由23%、23.2%及24.8%,調低至22.5%、22%及23.5%,反映成本假設上升。
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