Professional
Added to YB: 2024-04-30
Pitch date: 2024-03-31
3606.HK [bullish]
Fuyao Glass Industry Group Co., Ltd.
+54.15%
current return
Author Info
No bio for this author
Company Info
Fuyao Glass Industry Group Co., Ltd., together with its subsidiaries, engages in the provision of safety glass solutions and automotive accessories for various transportation vehicles in China and internationally.
Market Cap
HKD 141.6B
Pitch Price
HKD 40.28
Price Target
N/A
Dividend
2.32%
EV/EBITDA
13.59
P/E
20.87
EV/Sales
3.68
Sector
Automobile Components
Category
growth
Baron Emerging Markets Fund New Portfolio Holding: Fuyao Glass Industry Group Co., Ltd.
Fuyao Glass (3606.HK): World's top auto glass maker w/ 30% share. Scaled global footprint, supply chain integration & premium product focus are competitive edges. Sees tailwinds from EVs using 70% more glass at higher ASPs + China's EV exports (65% share). Expects strong double-digit rev growth on EV/autonomous mix shift + ASP uplift.
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