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招银国际维持Q TECH(01478)买入评级,看好非手机业务增长,目标价下调至13.18港元

Stock News01-19

CMB International has released a research report stating that Q TECH (01478) currently offers attractive valuations, reiterating a "Buy" rating; based on an updated target price-to-earnings ratio, the target price has been lowered from HK$14.5 to HK$13.18. Q TECH issued a positive profit alert, forecasting that last year's profit increased by 400% to 450% year-on-year, exceeding the bank's and market expectations, primarily driven by growth in non-handset businesses, upgrades in camera modules and fingerprint modules, gains from the disposal of its India business, and a turnaround to profitability at its subsidiary, New Giant Technology. The bank anticipates that non-handset businesses will become the primary growth driver, with revenue achieving a compound annual growth rate of 48% from fiscal years 2025 to 2027, and contributing 40% and 47% of total revenue in fiscal years 2026 and 2027, respectively, compared to 28% in fiscal year 2025.

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