The Zhitong Finance App learned that Lyon released a research report stating that Fuyao Glass (03606.HK)'s net profit forecast for 2026 to 2028 was lowered by 4% to 9%, and the target price was lowered from HK$74 to HK$67, maintaining a “outperforming the market” rating. The bank expects Fuyao Glass's profit in 2026 to be mainly dragged down by weak passenger car sales and exchange effects, but profit margins will improve month-on-month in the fourth quarter, benefiting from falling freight rates and settlement of insurance claims.

The Zhitong Finance App learned that Lyon released a research report stating that Fuyao Glass (03606.HK)'s net profit forecast for 2026 to 2028 was lowered by 4% to 9%, and the target price was lowered from HK$74 to HK$67, maintaining a “outperforming the market” rating. The bank expects Fuyao Glass's profit in 2026 to be mainly dragged down by weak passenger car sales and exchange effects, but profit margins will improve month-on-month in the fourth quarter, benefiting from falling freight rates and settlement of insurance claims.