Core Viewpoint - The report from Zhongyin International predicts that the operational performance of Naisite will be stable in the second half of last year, supported by increased demand in North America and Europe, exchange rate factors, and stability in the Chinese market [1] Financial Performance - Revenue is expected to grow by 7% year-on-year to reach $2.3 billion, marking a new high for the half-year period [1] - Net profit is projected to exceed $70 million, continuing the profit recovery trend since 2024 [1] Market and Regulatory Factors - Naisite's optimization and restructuring efforts in North America have shown initial results [1] - A new national standard for automotive steering systems will be implemented in July this year, removing mandatory mechanical connection requirements, which is expected to clear key regulatory obstacles and accelerate the application of steer-by-wire technology [1] Profit Forecast and Rating - The net profit forecast for Naisite for 2025 and 2026 has been raised by 7% to 10%, now estimated at $137 million and $160 million respectively [1] - The rating has been upgraded to "Buy," with the target price increased to HKD 9 [1]
耐世特盘中涨超3% 中银国际将其目标价上调至9港元