Group 1 - The core viewpoint of the article is that despite concerns over rising memory prices potentially weakening iPhone demand, the market reaction is considered excessive, and there are positive indicators for the company's performance in 2023 [1] - Morgan Stanley's report indicates that the company's stock underperformed the Hang Seng Index in Q4 of last year, primarily due to market fears regarding memory price increases [1] - The report forecasts an 8% year-on-year growth in electronic manufacturing services shipment volume for the first half of this year, indicating resilience in orders [1] Group 2 - The adjusted iPhone product line in the second half of this year is expected to benefit the company, particularly due to its higher business share in the Pro and Pro Max models, along with continuous market share expansion [1] - The company is projected to gain additional market share in the main rear camera module sector by 2027 [1] - Earnings forecasts for 2025 to 2027 have been raised by 3% to 9%, with expected year-on-year earnings growth of 23% and 26% for 2026 and 2027, respectively [1] Group 3 - The company is expected to undergo a revaluation, with a reiterated "Overweight" rating and a target price set at 44 HKD [1]
高伟电子涨超7% 小摩预计公司今明两年盈利强劲增长