Core Viewpoint - UBS report initiates coverage on Conant Optical, predicting the company will become the second-largest eyeglass lens manufacturer globally by production volume in 2024 [1] Group 1: Financial Projections - The traditional eyeglass lens business is expected to achieve a 25% compound annual growth rate (CAGR) in net profit from 2024 to 2027 [1] - The rise of smart glasses is anticipated to unlock Conant's long-term growth potential [1] Group 2: Valuation and Rating - UBS expects a revaluation of Conant's current price-to-earnings ratio of 34 times the projected earnings for 2026 due to ongoing advancements in smart glasses [1] - A target price of HKD 67 is set based on discounted cash flow analysis, with a "Buy" rating assigned [1]
大行评级丨瑞银：首予康耐特光学“买入”评级及目标价67港元