Core Viewpoint - InnoLux (02577) is recognized as a leading player in the GaN power semiconductor market, holding a 30% global market share in revenue last year, with a strong long-term growth outlook driven by a rapidly expanding market and strategic partnerships [1] Company Summary - InnoLux's stock rose over 5%, currently trading at 75.9 HKD with a transaction volume of 106 million HKD [1] - Bank of America Securities initiated coverage with a "Buy" rating and a target price of 108 HKD [1] - The forecasted revenue compound annual growth rate (CAGR) for InnoLux from 2024 to 2027 is 72% [1] Industry Summary - The global GaN power semiconductor market is expected to grow at a CAGR of 63% from 2024 to 2028 [1] - InnoLux's profitability is anticipated to improve due to economies of scale and technological innovations [1] - A collaboration with NVIDIA to develop an 800V HVDC architecture is expected to enhance revenue potential starting in 2027 [1]

美银证券发布研报称，首次覆盖英诺赛科(02577)予评级"买入"，目标价108港元。英诺赛科是氮化镓 (GaN)功率半导体龙头企业，以收入计去年全球市占达30%属最大。 美银证券指，看好英诺赛科长期增长前景，原因包括全球GaN功率半导体市场以63%的年均复合增长率 快速增长(2024至2028年);规模经济和技术创新令盈利能力持续改善;及与NVIDIA合作开发800V HVDC 架构，自2027年起带来收入上升潜力。美银证券预测英诺赛科2024至2027年收入年复合增长率为72%， 2027年的净利润率料为12.1%。 ...