Core Viewpoint - Citigroup's research report indicates that Connet Optical has issued a positive profit forecast, expecting a net profit growth of no less than 30% year-on-year by 2025, aligning with the bank's prediction of a 30% increase [1] Group 1: Growth Drivers - Key growth factors include the increased sales contribution from 1.74 refractive index lenses and other multifunctional products, expanded economies of scale, enhanced automation levels, reduced financing costs, and improved capital returns [1] Group 2: Earnings Forecast Adjustments - Citigroup has raised its earnings per share forecasts for Connet Optical for the years 2025 to 2027 by 3%, 1%, and 1% respectively, reflecting higher contributions from the 1.74 refractive index lens products and lower financing costs [1] Group 3: Target Price and Rating - The target price for Connet Optical has been increased from HKD 65 to HKD 70, with a reiterated "Buy/High Risk" rating, as the company is identified as a major beneficiary in the artificial intelligence glasses market [1] Group 4: Short-term Catalysts - Short-term catalysts include the upcoming launch of Amazon's AI glasses and related supply chain updates [1]
大行评级｜花旗：康耐特光学盈喜符合预期，目标价上调至70港元