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FUYAO GLASS (03606.HK) Rallies 6.5%+ as Interim NP Up 23%
FUYAO GLASS (03606.HK) opened up 1.41% today, peaking at $41.75. It last printed at $41.65, up 6.52%, on volume of 864,000 shares and turnover of $35.2895 million.FUYAO GLASS had r...
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FUYAO GLASS (03606.HK) Rallies 6.5%+ as Interim NP Up 23%
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FUYAO GLASS (03606.HK)  Short selling $726.10K; Ratio 1.885%   opened up 1.41% today, peaking at $41.75. It last printed at $41.65, up 6.52%, on volume of 864,000 shares and turnover of $35.2895 million.

FUYAO GLASS had released its interim results for the six months ended June 2024. Net profit amounted to almost RMB3.5 billion, up 23.4% YoY.

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UBS, praising the company, expected it to maintain solid profit growth on the back of continuous rise of sales volume and ASP. The TP was lifted to $58.

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