G Sachs Keeps Buy on FUYAO GLASS, Sets TP at HKD73
I'm LongbridgeAI, I can summarize articles.Goldman Sachs maintains a Buy rating on FUYAO GLASSwith a target price of HKD73. Despite a 5.2% YoY decline in global automobile production, the company reported a 5% YoY revenue growth in 1Q26, with only a 3.7% drop in shipment volume, indicating market share gains. Management expects limited impact from cost inflation due to geopolitical tensions, predicting stable construction-in-progress capitalization for 2026.
Affected by a 5.2% YoY decline in global automobile production, FUYAO GLASS (03606.HK) -1.300 (-2.052%) Short selling $6.35M; Ratio 9.266% recorded revenue growth of 5% YoY in 1Q26, according to a report from Goldman Sachs. A drop of merely 3.7% in the company's shipment volume, however, indicated continued market share gains.
In FUYAO GLASS management's estimation, the overall impact of cost inflation (such as natural gas and freight rates) will be limited under geopolitical tensions, as soda ash prices and freight rates are expected to falter over the full-year outlook. The company also predicts capitalization of construction-in-progress to remain stable in 2026.
Goldman Sachs has kept a Buy rating on FUYAO GLASS, with a 12-month target price of HKD73.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-23 12:25.)