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<Research>Citi Trims Q TECH (01478.HK) TP to $9, Downgrades Rating to Neutral
Recommend 10 Positive 12 Negative 8 |
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Q TECH (01478.HK)'s 2025 results were in line with previously announced forecasts, Citi Research issued a research report saying. The broker lowered its 2026-2027 EPS estimations for the Company by 39%/ 33% each to reflect headwinds faced by the smartphone business, partially offset by non-handset business. Therefore, Citi Research trimmed its target price from $12 to $9, and downgraded Q TECH from Buy to Neutral. Q TECH's management guided that shipments of handset camera modules (HCM) will grow by over 5% YoY, while shipments of other camera modules (CCM) will rise by over 50%, the broker added. Although optical image stabilization (OIS) shipments may decline, the high-end product mix of CCM will continue to increase. AASTOCKS Financial News Website: www.aastocks.com |
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