Lyon: Raising the target price of Ruisheng Technology (02018) to HK$47.7 to be included in the preferred list of H shares in China's technology stocks

Zhitongcaijing · 11/26 02:41

The Zhitong Finance App learned that Lyon released a research report saying that the target price for Ruisheng Technology (02018) was raised from HK$38.6 to HK$47.7, and included in the bank's preferred list of H shares for Chinese technology stocks, tied with Xiaomi Group-W (01810) and BYD Electronics (00285).

According to the report, thanks to market recovery, cost control and product portfolio improvements, the bank believes that Ruisheng Technology's revenue and profit margins will continue to increase. Furthermore, in the case where the mainland government implements mobile phone subsidies, companies will be the main beneficiaries.

Furthermore, Lyon raised Swiss Sound's 2024 and 2025 profit forecasts by 2% and 19%, respectively, to 1.52 billion yuan and 2.2 billion yuan respectively, mainly due to improved profit margins. At the same time, it is estimated that the company is expected to reach the goal of balance in the optical business in the fourth quarter of this year.