Core Viewpoint - UBS reports that Nexperia (01316) achieved a 6.8% year-on-year revenue growth to $2.2 billion in the first half of the year, with net profit significantly increasing from $15.7 million to $63.5 million [1] Financial Performance - Revenue growth was primarily driven by key regions, with China and the EMEASA (Europe, Middle East, Africa, and South Asia) regions showing year-on-year increases of 15.6% and 9.4% respectively [1] - EBITDA margin improved from 9.4% in the same period last year to 10.3% [1] Earnings Forecast and Target Price - Based on the first half performance, UBS raised its earnings forecast for 2025 to 2027 by 2% to 9% [1] - The target price was increased from HKD 7.8 to HKD 8.7, maintaining a "Buy" rating [1] New Orders and Future Outlook - The company secured $1.5 billion in new orders in the first half, with 39% coming from Chinese automotive companies [1] - The annual new order target is set at $5 billion, with expectations of acquiring more by-wire technology-related orders in the second half [1] - The company is expanding its Motion-by-Wire chassis control product line and has received multiple related product orders, with mass production expected to start in 2026 [1]
瑞银：升耐世特(01316)目标价至8.7港元 上半年业绩胜预期