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大行評級|大和:下調福萊特玻璃H股評級至“持有” 目標價下調至12港元
大和發表研究報吿指,下調福萊特玻璃H股評級,由“跑贏大市”降至“持有”,目標價亦由16港元下調至12港元,主要因為從同業信義光能2024年上半年的初步業績見到負面解讀,而由於7月的銷售均價或會疲軟,暫未見到對光伏玻璃供應商有利的轉機。該行另下調福萊特2024年至2026年各年盈測介乎5%至13%。該行認為,即使信義光能在6月底公佈盈喜,料收入按年升35%至45%,惟其視為在低基數因素下仍差過市場預期。大和仍偏好福萊特玻璃多於信義光能,認為後者的利潤會受到今年下半年開始投產的多晶硅項目拖累。大和亦提出,光伏玻璃疲軟的平均售價反映今年下半年的前景仍偏暗淡,而市場的憂慮亦因公司在東南亞的廠房或會受到地緣政治風險加劇的影響。
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