Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down23.900 -0.200 (-0.830%)

15/11/2019 16:56

{I-bank focus}Goldman starts Fuyao Glass (03606) at HK$23.7

[ET Net News Agency, 15 November 2019] Goldman Sachs initiated coverage on Fuyao Glass
Industry Group (03606) with a "neutral" rating and a target price of HK$23.7.
It said that Fuyao is the world's second-largest automotive glass manufacturer,
commanding a 65% market share in China and a 25% global share in 2018. Compared to major
competitors, such as Asahi Glass and Saint-Gobain, Fuyao uniquely specializes in
automotive glass production and has built a strong brand name due to its high product
With production bases broadly distributed across China, the US, and Russia, Fuyao has
the most diversified client base among global peers, including virtually every major
automaker domestically and internationally.
Goldman expects the company's revenue/EPS growth to slow in 2019-22 (8%/10% CAGR versus
22%/18% in 1993-2018). (KL)

Remark: Real time quote last updated: 16/12/2019 12:01
  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 2019 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.