Core Viewpoint - Morgan Stanley estimates that Hongteng Precision's AI revenue contribution will rise from below 5% in FY2024 to approximately 25% in FY2027, driving a compound annual growth rate (CAGR) of 16% in revenue and over 40% in net profit [1] Group 1: Revenue and Profit Growth - The projected AI revenue growth indicates a significant increase over the next 2 to 3 years, which is not fully reflected in the current stock price [1] - The company is positioned well within the Foxconn Group and is expected to benefit from the trend of AI components [1] Group 2: Ratings and Price Target - Morgan Stanley initiates coverage on Hongteng with an "Outperform" rating and sets a target price of HKD 8, which corresponds to a price-to-earnings (P/E) ratio of 22 times for FY2026 and 17 times for FY2027 [1]
大摩：首予鸿腾精密跑赢大市评级 料AI收入未来增长显著