G Sachs Keeps Buy on FUYAO GLASS, Sets TP at HKD73
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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.
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