, an analyst from CMB International Securities, reiterated the Buy rating on BaTeLab Co., Ltd.. The associated price target remains the same with HK$93.00.
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CMB International Securities has given its Buy rating due to a combination of factors that highlight BaTeLab Co., Ltd.’s strong financial performance and strategic initiatives. The company reported stable revenue in the first half of 2025, maintaining high profitability with a gross profit margin of 51.8% and a net profit margin increase to 26.4%. This performance is impressive considering the challenges posed by tariffs and strategic distributor diversification.
BaTeLab’s strategic repositioning and expansion of its product portfolio, with the addition of 130 new SKUs, underscore its potential for long-term growth. The company’s efforts to diversify its distributor network and reduce reliance on top customers are expected to enhance its resilience. Despite capacity constraints in the industrial analog market, BaTeLab’s management has proactively secured capacity, reflecting a positive outlook. The company’s robust R&D model and high margins further support the Buy rating, with a target price of HK$93, offering a significant discount compared to its peers.
In another report released on August 23, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a HK$77.00 price target.