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FUYAO GLASS Dives ~5% Post Results; Yet CHINA GLASS Picks Up 4%+ after Profit Warning
HK-listed glass makers were in a mixed bag today. FUYAO GLASS (03606.HK), despite earning 18.4% more to RMB5.629 billion last year with final dividend up 4% to RMB1.3, slid 4.8% to...
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FUYAO GLASS Dives ~5% Post Results; Yet CHINA GLASS Picks Up 4%+ after Profit Warning
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HK-listed glass makers were in a mixed bag today. FUYAO GLASS (03606.HK)  +0.150 (+0.281%)    Short selling $2.16M; Ratio 2.159%   , despite earning 18.4% more to RMB5.629 billion last year with final dividend up 4% to RMB1.3, slid 4.8% to $39.4. UBS raised FUYAO's TP by 3.6% to $57 to reflect the company's strong quarterly results.

Blue-chip XINYI GLASS (00868.HK)  +0.140 (+1.675%)    Short selling $20.93M; Ratio 38.225%   dived 2.5% to $8.93. TRIUMPH NEW EN (01108.HK)  -0.010 (-0.239%)   dipped 0.5% at $5.5.

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However, CHINA GLASS (03300.HK)  0.000 (0.000%)   shot up 4.2% to $0.75, after issuing a profit warning that it would report a loss of not more than RMB500 million last year, reversing previous year's profit of RMB102 million.

FLAT GLASS (06865.HK)  +0.080 (+0.633%)    Short selling $5.63M; Ratio 3.180%   also picked up 2.9% at $19.26. Blue chip XINYI SOLAR (00968.HK)  -0.010 (-0.307%)    Short selling $79.81M; Ratio 26.197%   struggled to steady at $6.16.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-14 16:25.)

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