东江集团控股：Positive profit alert in 1H24E; Strong order momentum to continue into 2H24/FY25E

PLEASE READ THE ANALYST CERTIFICATION AND IMPORTANT DISCLOSURES ON LAST PAGE 6 Earnings Summary Positive profit alert in 1H24E; Strong order 1H24E strong recovery boosted by order recovery in smartphone & wearables/communications. TK announced a positive profit alert for 1H24 with 40%+ YoY earnings growth. We believe the upbeat results are mainly due to strong orders in smartphone & wearables (Meta, SONOS, Jabra, Insta360) and communication (Polycom) segments, partly offset by weaker auto segment. Projects- ...