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CMB International: Expects the ASP/profit margin of BOE Varitronix (00710) to recover in 2H24, with a target price of 9.9 Hong Kong dollars.
CMB International expects that BOE Varitronix's (00710) 1H24 revenue will increase by 15% year-on-year.
[Brokerage Focus] CMB International cuts BOE Varitronix (00710) target price by 9.5%, but expects improvement in revenue/net income in the second half of the year.
Kingway Financial News | CMB International stated that Boe Varitronix (00710) will release its 1H24 results in August. The bank predicts that the revenue for 1H24 will increase by 15% YoY, mainly driven by the increase in sales of high-end car displays, overseas customer orders, and shipments from the Chengdu factory. However, considering the inventory digestion offsetting the good utilization rate of production capacity, the YoY decrease in net income may narrow to -16% (2H23/1H23 was -18%/-19%). Looking ahead to 2H24, due to seasonal factors of orders, better product mix, and increased utilization rate of production capacity, the bank expects revenue/net income to improve. The bank
Counterpoint: The global PC market rebounded in Q2, with shipments increasing by 3.1% year-on-year to 62.5 million units.
In Q2 2024, global PC shipments increased by 3.1% year-on-year to reach 62.5 million units, marking the second consecutive quarter of year-on-year growth in the PC market.
Omdia predicts that OLED will account for 56% of the smart phone screen market by 2024 and become the dominant technology.
Panel manufacturers have been investing heavily in OLED for almost 10 years now.
GTJA: Multiple chip design companies have announced performance growth forecasts, bullish on downstream companies in the Apple industry chain, etc.
GTJA released a research report stating that multiple domestic chip design companies have issued profit increase announcements, and the global semiconductor industry is recovering. The high growth in the Chinese market continues, with storage showing stronger recovery than logical products.
IDC: Global PC market grew 3% in the second quarter, recovery still continuing.
According to the preliminary results of the International Data Corporation (IDC) Global Quarterly Personal Computing Device Tracker, global shipments reached 64.9 million units in the second quarter of 2024, an increase of 3% year-on-year.
Analysts Are More Bearish On BOE Varitronix Limited (HKG:710) Than They Used To BeNo Data
