Jan 15, 2021 11:39 AM (GMT+8) · EqualOcean
According to the research report released by Damo, Fuyao Glass is expected to enter the photovoltaic glass market, or further boost its long-term growth prospects. The target price is increased by 109% from HK $22 to HK $46, maintaining its "neutral" rating because its valuation is already expensive. Fuyao is considering the placement financing for photovoltaic glass market opportunities, but any investment will take at least two years to be converted into actual output, which means that the uncertainty of the industry, the faster recovery of China's auto demand and the increase of market share will promote the sales growth of Fuyao's auto glass business.

This text is a result of machine translation.