OmniVision Integrated Circuits Group(SH:603501)2025-05-13 01:02Investment Ratings - The report assigns an Overweight (OW) rating to Xiaomi, Will Semiconductor, and Accton Technology, indicating a positive outlook for these companies [1][2]. Core Insights - Xiaomi's launch of the SU7 Ultra marks the beginning of its luxury car journey, with the upcoming launch of its second electric vehicle, YU7, expected to be a significant positive catalyst in 2025. The price target for Xiaomi is raised to HK$62 [1]. - Will Semiconductor is identified as a key beneficiary in the AI glasses supply chain, with an upgrade to Overweight due to anticipated rapid shipment growth [2]. - Accton Technology reported solid earnings for Q1 2025, with expectations of impressive revenue and operating profit growth of 68% and 73%, respectively, for 2025. The price target is raised to NT$850 [2]. Summary by Sections Performance Summary - As of May 6, 2025, there are 1,341 investment ideas with a cumulative outperformance of 6,724 basis points against local benchmarks. The average holding period total return is 2.9%, while the average 12-month total return is -2.8% [3]. - The hit ratio for positive returns stands at 53%, indicating that more than half of the ideas have generated positive returns [3]. Market Insights - The report highlights that Hong Kong and China account for the most ideas in the region, followed by Japan. India shows the best holding period relative return at 2.1%, while Korea has the lowest at 0.6% [25][22]. - Taiwan has a hit ratio of 52.7% for positive relative returns, while Korea's hit ratio is the lowest at 44.7% [25][23].