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After the performance, the stock price hits a new high + multiple Institutions are optimistic, has Q TECH (01478) emerged from its "water reversal period"?
After the annual report was released, Q TECH frequently received positive comments from Institutions.
Hong Kong stocks movement | Q TECH (01478) rises over 4% as last year's net profit increased by 2.4 times. Institutions indicate that the Company Valuation is attractive.
Q TECH (01478) rose over 4%. As of the time of writing, it has risen by 3.82%, reaching HKD 8.96, with a transaction amount of HKD 0.213 billion.
Market Participants Recognise Q Technology (Group) Company Limited's (HKG:1478) Earnings
UOB Kay Hian Upgrades Q Technology (Group) to Buy From Hold; Price Target Is HK$10
[Brokerage Focus] China Merchants International maintains a Buy rating on Q TECH (01478), stating that its guidance for 2025 is optimistic.
Jingu Financial News | According to a Research Report from China Merchants International, Q TECH (01478) is expected to have a Net income growth of 241% year-on-year in 2024, consistent with previous profit warnings, benefiting from market share growth, specifications upgrades, and the growth of Autos/IoT CCM Business. Looking ahead to 2025, management maintains an optimistic view on the demand for high-end lens modules (OIS/periscope), customers and Orders for Autos/IoT lens modules, and the upgrade cycle of ultrasonic fingerprint modules. The bank has slightly adjusted its projections to reflect FY24 performance and better Business prospects, with FY25/26E earnings per share.
[Brokerage Focus] Open Source Securities maintains a "Buy" rating for Q TECH (01478), as the company is expected to benefit from the upgrade of Android optical technology and the increase in ultrasonic fingerprint production.
Jingwu Financial News | According to the Research Reports issued by Q TECH (01478), it is expected that in 2024, the Net income attributable to the parent will reach 0.28 billion, a year-on-year increase of 241%, falling within the previously forecasted Range of 200%-280%. Looking at it separately, the company's Operating profit of 0.28 billion yuan slightly exceeds the bank's expectations, with non-operating income benefiting from stable large exchange gains year-on-year, but offset by the company’s 0.15 billion related income tax provisions to the Indian government. (1) The bank estimates a gross margin of 7% for the mobile business in 2024, corresponding to around 28% in 2024H; (2) The shipment volume of the Autos and IoT business has increased by 59% year-on-year, which is in line with the bank's expectations.
