Guosheng securities issued a research report on April 30, saying that it gave Flat Glass Group Co.Ltd(601865) ( Flat Glass Group Co.Ltd(601865) .sh, latest price: 40.6 yuan) an overweight rating. The reasons for rating mainly include: 1) the cost of raw materials has increased, the short-term profit is under pressure, the glass price has bottomed out and rebounded since April, and the profit is expected to be repaired month on month; 2) Accelerate the construction of production lines, form 20600t / D capacity by the end of 2022, and consolidate the leading position; 3) The acquisition cost of quartz resources is strengthened. Risk tip: the installed demand of new ground power stations is lower than expected, and the substitution effect of transparent backplane is enhanced.
AI comments: Flat Glass Group Co.Ltd(601865) in the past month, it has received three research reports from securities companies. It has bought two and increased its holdings of one. The average target price is 58.77 yuan, 18.17 yuan higher than the latest price of 40.6 yuan, and the average target price has increased by 44.75%.
