Core Viewpoint - Citigroup's report indicates that Delta Electronics' Q3 performance for FY2026 slightly missed expectations due to recent copper cost increases, leading to a downward revision of profit forecasts for FY2026 to FY2028 by approximately 5% [1] Financial Performance - Target price for Delta Electronics has been reduced from HKD 33 to HKD 32, maintaining a "Neutral" rating, with expectations of short-term pressure on the company's stock price [1] - The company's involvement in AI liquid cooling pumps and humanoid robot supply chains is viewed as overvalued, with projections indicating that these segments will only contribute 1% and 3% to total sales in FY2026 and FY2027, respectively [1] Profit Contribution - Expected gross profit contributions from the AI-related business are projected to be 2% in FY2026 and 6% in FY2027, indicating a minimal impact on overall financial performance for FY2027 [1]
大行评级｜花旗：德昌电机第三财季绩略逊预期，目标价降至32港元
Ge Long Hui·2026-01-23 06:29