＜Research＞Daiwa Upgrades FUYAO GLASS (03606.HK) to Buy as 2Q Preliminary Results Beat Forecasts

　　FUYAO GLASS (03606.HK) -0.250 (-0.606%) Short selling $32.11M; Ratio 6.140% 's preliminary results show that 1H24 revenue was in line with forecasts, and earnings beat expectations, Daiwa released a research report saying.

　　Daiwa attributed the strong growth in net profit to improved profitability or a YoY increase in capacity utilization and its US plant. Daiwa kept its target price at $47 for the Group's H-shares, and upgraded FUYAO GLASS from Hold to Buy.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-29 16:25.)

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