Damo raised Fuyao Glass's 2024-2026 net profit forecast by 3%-12%.
The Zhitong Finance App learned that Morgan Stanley released a research report saying that due to the faster increase in market share of Fuyao Glass (03606) and the use of value-added products, Damo raised its 2024-2026 net profit forecast by 3%-12% to reflect stronger revenue growth and profit margin expansion. Damo raised the target price of Fuyao Glass by 13%, from HK$40 to HK$45. Maintain a “in sync with the market” rating.
