Core Viewpoint - Morgan Stanley initiates coverage on Innoscience Technology (02577) with a rating in line with the market and a target price of HKD 95, implying a projected price-to-sales ratio of 34 times for next year [1] Company Summary - Innoscience Technology is identified as a leading manufacturer of gallium nitride power integrated circuits, positioning itself to benefit from growth drivers such as artificial intelligence data centers, humanoid robots, and electric vehicles [1] - The current valuation of Innoscience Technology is believed to largely reflect the market's high expectations [1]

Core Viewpoint - Morgan Stanley initiates coverage on InnoPhase (02577) with a rating in line with the market and a target price of HKD 95, implying a forecasted price-to-sales ratio of 34 times for next year [1] Company Summary - InnoPhase is identified as a leading manufacturer of gallium nitride power integrated circuits, positioning itself to benefit from secular growth drivers such as artificial intelligence data centers, humanoid robots, and electric vehicles [1] - The current valuation of InnoPhase is believed to largely reflect the market's high expectations [1]

Core Viewpoint - Morgan Stanley initiates coverage of Innoscience Technology with a rating of "In Line with Market" and sets a target price of HKD 95, implying a projected price-to-sales ratio of 34 times for the next year [1] Company Summary - Innoscience Technology is identified as a leading manufacturer of gallium nitride power integrated circuits [1] - The company is well-positioned to benefit from growth drivers such as artificial intelligence data centers, humanoid robots, and electric vehicles [1]

Group 1 - Morgan Stanley initiates coverage on Innoscience with a rating of "In Line with Market" and a target price of HKD 95, implying a projected price-to-sales ratio of 34 times for next year [1] - Innoscience is identified as a leading manufacturer of gallium nitride power integrated circuits, indicating its strong position in the market [1] - The company is believed to be well-prepared to benefit from growth drivers such as artificial intelligence data centers, humanoid robots, and electric vehicles [1]