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<Research>CMBI Expects Q TECH (01478.HK) Non-handset Biz to Continue Growing, Cuts TP to $13.18
Recommend 6 Positive 4 Negative 3 |
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Q TECH (01478.HK) issued a positive profit alert forecasting a YoY profit increase of 400-450% for 2025, beating the expectations of CMBI/ market, primarily driven by the growth in non-handset business, upgrades in camera and fingerprint modules, gains from the disposal of its Indian business and the turnaround of its subsidiary, Newmax Technology, according to CMBI's research report. Therefore, the broker believed that the current valuation of the stock is attractive, and reiterated rating at Buy. Based on an updated target PE ratio, CMBI cut its target price from $14.5 to $13.18. AASTOCKS Financial News Website: www.aastocks.com |
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