On August 8th, Jinshi Data reported that China International Capital Corporation released a research report stating that Fuyao Glass (03606.HK) performed strongly in the second quarter, with revenue and net profit rising by 19% and 10% YoY, and by 8% and 52% QoQ, respectively, in line with market expectations. CICC maintained its earnings forecast for Fuyao Glass in 2024 and 2025, continued to give it a "outperform" rating, and set a target price of HKD 57.9.
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Zhongjin: Fuyao Glass (03606.HK) reported strong second-quarter profits and maintained an "outperform" rating
On August 8th, Jinshi Data reported that China International Capital Corporation released a research report stating that Fuyao Glass (03606.HK) performed strongly in the second quarter, with revenue and net profit rising by 19% and 10% YoY, and by 8% and 52% QoQ, respectively, in line with market expectations. CICC maintained its earnings forecast for Fuyao Glass in 2024 and 2025, continued to give it a "outperform" rating, and set a target price of HKD 57.9.