$FUYAO GLASS(03606.HK)

Fuyao Glass is a global leader in designing and manufacturing automotive safety glass, supplying major vehicle OEMs worldwide.

Currently, Fuyao Glass has staged a sharp V‑shaped bounce from its ~HK$48 lows this July, closing strongly above its upper Bollinger Band. Here is what you need to know:

What’s powering this rally?

✅ Policy Tailwind: Beijing is speeding up the 15th Five‑Year Plan for smart connected NEVs, targeting grid integration and tech self‑reliance.

As a top global maker of high‑end smart auto glass, Fuyao is perfectly positioned to benefit.

✅ Solid Fundamentals: Even amid Q2 industry headwinds, it keeps ample capacity and cheap funding — just raised RMB 400M in tech bonds at only 1.69% to fund new R&D.

🔷 Technical Snapshots:

⚠️ Watch Out: The 4‑hour RSI hits 73.67, firmly in overbought territory. Strong trends can stay stretched. Do not chase for sharp gains as it carries risk.

A pullback to retest the mid‑band around HK$54.70 would be quite normal.

Bottom Line: Long‑term outlook shines with national NEV support. Do expect some cooling or consolidation before jumping in.

Now, are you trading this breakout and chase it or holding through the full policy cycle?

Let’s share your thought below?