Fuyao Glass: Dual benefit domestic and international markets
Author: sisiMonopoly in the domestic market have obvious advantages, the export business continued to grow, while the current stock valuation is significantly lower, thus giving the company a "buy" rating, target price of 15.60
Element. Analysts expect companies main revenue and net profits in 2010 were 20.49% and the growth rate of 40.55 percent, earnings per share were 0.78 yuan
Company is the largest automotive glass maker, currently has 9 float glass production line, total capacity of over 44,000,000 square meters, occupying almost half of domestic production capacity, monopolistic advantage is obvious. Companies involved include vehicle manufacturer SAIC, FAW, Guangzhou Toyota, Beijing Auto, Chang'an and other major domestic auto manufacturers. Analysts said with the foreign car market mature, the Chinese car ownership is still low, auto consumption market is still big room for development; but the company will fully benefit from China's auto industry boom is on the rise.
International markets, OEM business for the company to provide an opportunity for rapid growth. Eight OEMs in the global supply system in supporting parts, a total of five car glass suppliers, the company is one of them. The international auto market from the latest sales data shows that the recovery continues. Analysts believe the company has a significant cost advantage, so in 2010 is expected to achieve higher growth in export markets. In the long run, enhance the company's export business to seize new models need to rely on supporting the company as General Motors, Volkswagen, Hyundai and other international automobile manufacturers reserve model of complete automotive glass, reserves have been as many as 62 models, These models supporting the company's export business continued to grow another driving force.
Article Source: http://www.articlesbase.com/business-ideas-articles/fuyao-glass-dual-benefit-domestic-and-international-markets-2213791.html
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