Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
06865 FLAT GLASS
RTNominal up34.800 +1.850 (+5.615%)
Research Report

07/05/2021 13:17

{I-bank focus}Daiwa trims Flat Glass Group (06865) to HK$25

[ET Net News Agency, 7 May 2021] Daiwa Research trimmed its target price for Flat Glass
Group (FGG) (06865) to HK$25 from HK$29 and maintained its "buy" rating.
The research house thinks the PV glass price will face another 12-15% cut soon with
worsening dynamics on the massive supply after a 30% price cut in March. Daiwa sees glass
inventory continuing to rise after the domestic peak demand at the end-September before
the National Holiday, thus a further price cut is likely.
However, FGG will be quicker to expand its capacity than peers, thereby offsetting the
drop in ASP, Daiwa added. It cut its 2021-22 earnings forecasts by 13-14% on lower PV
glass ASP estimates, partially offset by rising production volumes. (KL)

Remark: Real time quote last updated: 08/12/2021 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.