Workflow
星展:上调丘钛科技目标价至15港元 评级“买入”

Core Viewpoint - DBS has released a report indicating that the mid-term performance of Q Technology (01478) strengthens confidence in its product portfolio upgrade and focused development strategy for non-mobile lens modules [1] Group 1: Performance Outlook - The company is expected to see improved performance in the second half of the year compared to the first half, benefiting from a richer smartphone portfolio, a recovery in the utilization rate of fingerprint recognition module capacity, and ongoing expansion of non-mobile lens modules [1] - DBS has raised its profit forecasts for the company by 12% and 20% for the current and next year, respectively, and increased the target price from HKD 12.5 to HKD 15, maintaining a "buy" rating [1] Group 2: Growth Drivers - The automotive sector is identified as the clearest mid-term growth driver for the company, with collaborations with seven leading Tier 1 suppliers and certifications from 37 automotive or new energy vehicle brands [1] - Currently, only about 30% of vehicles globally are equipped with more than eight cameras for L2+ level autonomous driving capabilities, indicating significant growth potential for urban/mapless navigation autonomous driving [1] - Early participation in LiDAR technology and expansion into optical fields for embodied robots and drones provide additional growth potential [1]