Movement Alert｜FUYAO GLASS Rises 3.09% in Regular Trading, Auto Parts Sector Rallies on BMW Supply Cooperation and Capacity Expansion

Market Focus07-29

On July 29, FUYAO GLASS rose 3.09% in regular trading, trading at HK$56.55/share, with turnover of HK$12.86 million. The stock benefited from broad strength across the auto parts and equipment sector alongside company-specific catalysts.

On the news front, the Auto Parts and Equipment sector rallied collectively, with HESAI-W up 7.41%, CALB up 5.15%, NEXTEER up 5.33%, and JOHNSON ELEC H up 4.04%. For FUYAO GLASS specifically, BMW hosted a New Generation supplier media visit at the company's Shenyang factory, where both parties held in-depth discussions on supply cooperation for new vehicle models. Additionally, the company's Fuqing Yangxia and Anhui Hefei projects have each completed 3 million-set production capacity and entered the ramp-up mass production phase. UBS maintains a Buy rating with a target price of HK$85, expecting operational performance to improve sequentially in the second half of the year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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