Zhongji Innolight Likely to Maintain Leading Position in Optical Transceiver Market

Dow Jones08-24

0942 GMT - Zhongji Innolight should be able to maintain its leading position in the optical transceiver market, Nomura analysts say in a research note. Its solid 2Q results indicate that the company continues to benefit from the product upgrade cycle. Tight supply boosted 2Q product shipments for the company, but the analysts think the supply gap will narrow in 2H. Still, Innolight's effective supply-chain management will likely help it maintain its leading market share, they say. Geopolitics will remain an overhang on the stock as the U.S. Federal Communications Commission considers a ban on imports of new Chinese optical transceivers, they add. Nomura maintains its target price on Innolight's A shares at 1,375.00 yuan. Shares end at 870.22 yuan.

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