FLAT GLASS (6865.HK) Expanding Capacity, and sufficient Orders Ensure Future Development June 24, 2019 97

PSR Recommendation: BUY Status: Upgraded
Target Price: HKDHKD 4.85

Company Profile
Flat Glass is the world`s second largest PV glass manufacturer. At present, the company has
a PV glass production line with daily melting capacity of 4,000 tons and a float glass
production line of 1,200 tons per day. The production bases of the company are located in
Jiaxing City, Zhejiang Province, and Bengbu City, Anhui Province. In addition, the PV glass
production base in Haiphong, Vietnam is also under construction. About 60% of the
products are sold in the domestic market, and 40% are exported to countries such as
Japan/South Korea/Malaysia/Vietnam/India.

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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