[ET Net News Agency, 21 October 2024] Daiwa raised the target price for Fuyao Glass
(03606) to HKD68 from HKD47 and maintained the "buy" rating.
The research house said it expects Fuyao to maintain a high capacity utilisation rate of
over 85% over 2024-26E, which will contribute the most to maintaining a solid gross margin
of over 38-39% over the period. (rc)