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<Research>Citi Keeps Buy on FUYAO GLASS but Slashes TP to HKD81
Recommend 2 Positive 1 Negative 2 |
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FUYAO GLASS (03606.HK) achieved strong performance again in 2025 despite industry fluctuations and global supply chain pressures, Citi wrote in its research report. After revising its forecasts, Citi has lowered its target price for FUYAO GLASS from HKD92 to HKD81 but kept the Buy rating unchanged. FUYAO GLASS demonstrated its defensive leadership in the global automotive glass industry. Continuous increases in average selling prices, market share expansion, and strict cost control supported steady profit margin expansion. AAStocks Financial News |
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