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<Research>JPM: JOHNSON ELEC H (00179.HK) Shows Gradual Recovery but Still Slightly Lags Forecast; ST Visibility Limited
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JOHNSON ELEC H (00179.HK) recently updated its operational data, JPMorgan released a research report saying. Although revenue for the first three fiscal quarters ended December 2025 remained flat YoY, its 3FQ26 revenue grew 2% YoY to US$893 million, reflecting gradual recovery that remains slightly behind the broker's expectation, primarily due to slower-than-anticipated project kickoff progress from Chinese automakers. In addition, the industrial products business continued to outperform due to structural market share gains. However, limited data disclosure regarding humanoid robots and AI data center cooling operations, coupled with uncertainty around the pace of recovery in the automotive products group, restricted near-term visibility. Therefore, JPMorgan kept rating at Overweight and a target price of $59. JOHNSON ELEC H opened 1.76% lower this morning (23rd) before its decline expanded in the morning session, and bottomed at $28.04. It last printed at $28.42, dipping 7.31%, with 6.148 million shares traded, involving $177 million. AAStocks Financial News Website: www.aastocks.com |
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