Ge Long Hui·2025-09-29 03:53Core Viewpoint - Citigroup's report indicates that Fuyao Glass's profit margin exceeded expectations in the first half of the year, leading to an upward revision of the company's earnings forecast for 2025 to 2027 by 13% to 16% [1] Group 1 - Citigroup raised the target price for Fuyao Glass's H-shares from HKD 64 to HKD 92, based on a projected compound annual growth rate of 18% for net profit from 2026 to 2028 [1] - The new target price corresponds to a forecasted price-to-earnings growth ratio of 1.1 times and a projected price-to-earnings ratio of 19.7 times for 2026 [1] - The firm maintains a "Buy" rating on the stock, anticipating that increased market share overseas and expansion of after-sales service will continue to drive revenue growth [1] Group 2 - Profit margins are expected to benefit from improvements in product mix, better economies of scale, and ongoing cost control measures [1]