FLAT GLASS (6865 HK) Entered into “Fast Lane” of Long-term Development February 19, 2020 287

PSR Recommendation: ACCUMULATE Status: Maintained
Target Price: HKDHKD7.60

Investment Summary

Substantial Growth in Result Forecast of Annual Report Flat Glass issued the result forecast in 2019, estimated to record net profit attributable to the parent company of RMB680 million to RMB730 million, up 67% to 79% yoy, median lower than market consensus of approximately 5%; net profit attributable to the parent company excluding non-recurring items of RMB640 million to RMB690 million, up 72.5% to 85.7% yoy, net profit attributable to the parent company in Q4 of RMB173 million to RMB223 million, up 47% to 90% yoy, down 9% to 30% qoq, mainly due to expenses set aside at the end of the year.

About the author

Profile photo of Zhang Jing

Zhang Jing
Phillip Securities (HK)

Bachelor Degree in Tongji University of Engineering; Master Degree in East China Normal University of finance. Currently covering the automobile and air sectors. She has years of experience in investment research and is good at combining analysis for the companies with industry prospects.

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