The international transfer trend of the hottest Fu

2022-08-16
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Fuyao Glass: the international transfer trend of auto glass orders has been

the main business performance forecast for 2009 and 2010 has been raised, and the overweight rating has been maintained. Considering the impairment provision (decrease in net profit) and reduced expenses (increase in profit and establish an industry authority) caused by the sale of Hainan float line 6, EPS is expected to be 0 in 2009. 33 yuan. If

does not consider the one-time profit and loss of assets sold, it is estimated that eps0 in 2009. 43 yuan, raising EPS in 2010 to 0. 54 yuan (the main reason for the increase is considering the improvement of exports in 2010 and the transfer of international orders). At present, the share price is equivalent to the main business performance in 2009 and 2010, PE is 19 times and 12 times respectively. The difference between hydraulic jaw and ordinary jaw is actually not 5 times, which is low in the valuation of automotive stocks, and the company is a leading enterprise of auto parts. With the transfer of international orders, In the future, the market share and international position of the company's automotive glass will be further improved (the current international ranking has been promoted to No. 4). If the domestic automotive demand in 2009 and the automotive export orders in the second half of the year exceed expectations, the company's performance in 2009 will still have upward flexibility and maintain the overweight rating

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