Core Viewpoint - The report from DBS highlights that Q Technology (01478) has strengthened confidence in its product portfolio upgrade and focused development strategy for non-mobile lens modules, expecting improved performance in the second half of the year [1] Financial Performance - DBS anticipates a 12% and 20% increase in the company's earnings forecasts for the next two years, raising the target price from HKD 12.5 to HKD 15 while maintaining a "Buy" rating [1] Product Development and Market Strategy - The company is expected to benefit from a richer smartphone portfolio, a recovery in the utilization rate of fingerprint recognition module production, and ongoing expansion of non-mobile lens modules due to more automotive and IoT projects entering production [1] Growth Drivers - Automotive sector is identified as the clearest mid-term growth driver, with collaborations with seven leading tier-one suppliers and certifications from 37 automotive or new energy vehicle brands [1] - Approximately 30% of vehicles globally are equipped with more than eight cameras for L2+ level autonomous driving capabilities, indicating significant growth potential for urban and map-less navigation autonomous driving [1] - Early participation in LiDAR technology and expansion into optical fields for embodied robots and drones provide additional growth opportunities [1]