According to a report published by HSBC Global Research, as the supply chain bottleneck is eased, Fuyao Glass, as the world's largest glass supplier, will benefit from increased automobile production. In addition, driven by electric vehicles, the higher average selling price and a better high-value product group will make the group well-positioned and help drive interest rates. The bank expects Fuyao Glass's annual revenue growth from 2023 to 2025 to 2025 to increase by 22%, 19% and 17%, respectively, while gross margin will improve. The company said that the compound annual growth rate of the company's net profit from 2023 to 25 reached 24%. According to HSBC Global Research, the target price of Fuyao Glass's H shares for the first time is HK$37, and its rating is buy.
汇丰研究首予福耀玻璃买入评级，目标价37港元
HSBC Research gave Fuyao Glass a purchase rating for the first time, with a target price of HK$37
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