《大行報告》大和下調信義光能(00968.HK)及福萊特玻璃(06865.HK)目標價
大和發表報告指,信義光能(00968.HK)與其他同行比較,仍能保持7個百分點的毛利率溢價,惟要面對更劇烈的市場份額挑戰。該行維持對集團的「持有」評級,惟將目標價由13.5元下調至9.3元。該行降信義光能2022至2023年的盈利預測29%,以反映由於供應過剩問題,光伏玻璃的潛在毛利率或會受壓。
另外,該行指,儘管福萊特玻璃(06865.HK)的產能擴張可能會稀釋市場份額,但料集團的毛利率溢價將為7至10個百分點,將其目標價由43元下調至26元,續籲「買入」。
大和認為,與多晶矽供應商相比,光伏玻璃製造商的基本面更好,儘管這兩個市場都將在2023至2024年期間大量釋放產能。
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.