Ruisheng Technology (02018) rose more than 3%. As of press release, it rose 2.19% to HK$37.3, with a turnover of HK$33.4347 million.
The Zhitong Finance App learned that Ruisheng Technology (02018) rose more than 3%. As of press release, it had risen 2.19% to HK$37.3, with a turnover of HK$33.4347 million.
CMB International released a research report saying that when the bank recently held a conference call with Ruisheng Technology investors, the company's management revealed during the conference that they are optimistic about the continued upgrading of smartphone acoustic, optical, and tactile technology in the second half of this year, and predicted that the trend of a slight recovery in smartphone demand will continue until 2025.
At the meeting, management reaffirmed the 2024 growth guidelines, including revenue expected to increase 15% year over year and gross margin improvement in the second half of the year compared to the first half of the year. Expecting that product upgrades and profit expansion will continue to improve Ruisheng's performance, the bank raised the company's 2024-2026 earnings forecast per share by 6% to 8% to reflect product upgrades, profit margin improvements, and AI specification upgrades next year.