The Zhitong Finance App learned that Daiwa released a research report saying that Fuyao Glass (03606.HK)'s gross profit performance in the third quarter was stable but shipments were weak. Higher operating expenses and large exchange losses dragged down profits. The bank lowered its net profit forecast for 2026 to 2028 by 8% to 9%, and the target price was lowered from HK$73 to HK$68, and the rating remained “buy.”

The Zhitong Finance App learned that Daiwa released a research report saying that Fuyao Glass (03606.HK)'s gross profit performance in the third quarter was stable but shipments were weak. Higher operating expenses and large exchange losses dragged down profits. The bank lowered its net profit forecast for 2026 to 2028 by 8% to 9%, and the target price was lowered from HK$73 to HK$68, and the rating remained “buy.”