Core Viewpoint - Zhaoyin International published a report indicating that Q Technology is expected to see a profit increase of 400% to 450% year-on-year, surpassing both the firm's and market expectations, driven by growth in non-mobile business, upgrades in camera and fingerprint modules, gains from the disposal of Indian operations, and the turnaround of its subsidiary, New Giant Technology [1] Group 1 - The non-mobile business is anticipated to be the main growth driver, with a projected compound annual growth rate (CAGR) of 48% in revenue from fiscal years 2025 to 2027 [1] - For fiscal years 2026 and 2027, the non-mobile business is expected to contribute 40% and 47% of total revenue, respectively, compared to 28% in fiscal year 2025 [1] - The current valuation of the stock is considered attractive, leading the firm to reaffirm a "Buy" rating [1] Group 2 - The target price has been adjusted from HKD 14.5 to HKD 13.18 based on an updated target price-to-earnings ratio [1]
大行评级｜招银国际：下调丘钛科技目标价至13.18港元，重申“买入”评级