On July 17, UBS published a research report which gave Momenta a “buy” rating for the first time, with a target price of HK$360. According to UBS's report, Momenta covers the widest number of OEMs in the industry. Its asset-light business model, along with strong revenue growth, is expected to provide the company with operating leverage to generate high profit margins, thereby supporting higher market-sales rate estimates.

On July 17, UBS published a research report which gave Momenta a “buy” rating for the first time, with a target price of HK$360. According to UBS's report, Momenta covers the widest number of OEMs in the industry. Its asset-light business model, along with strong revenue growth, is expected to provide the company with operating leverage to generate high profit margins, thereby supporting higher market-sales rate estimates.