Asahi Glass Down 3%; Credit Suisse Cuts Rtg

Asahi Glass (5201.TO) down 3% at Y1,414 after Credit Suisse cuts rating on glass products maker to middle "neutral" on three-tier scale.

Upbeat earnings already factored into share price, says analyst; also cites growing risk that price for glass substrates used in LCD panels may fall from beginning of next year.

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600450 Asahi Glass Down 3%; Credit Suisse Cuts Rtg glassonweb.com
Date: 30 October 2006
Source: Newratings.com

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