[ET Net News Agency, 19 April 2021] Citi raised its target price for Fuyao Glass
(03606) to HK$54 from HK$49 and maintained its "buy" rating.
The research house said it revises up its auto glass ASP to factor in a higher mix of
high-value-added products over 2021E-25E and also lifts its forecasts for aluminium trim
and solar back panels. As a result, it raises 2021E-25E earnings forecasts by 2-14%. (RC)