tiprankstipranks
Trending News
More News >

Intron Technology Holdings Ltd.: Strong Revenue Growth and Positive Outlook Justify Buy Rating

Intron Technology Holdings Ltd.: Strong Revenue Growth and Positive Outlook Justify Buy Rating

CMB International Securities analyst Alex NG maintained a Buy rating on Intron Technology Holdings Ltd. (1760Research Report) today and set a price target of HK$2.34.

Confident Investing Starts Here:

Alex NG has given his Buy rating due to a combination of factors including Intron Technology Holdings Ltd.’s strong revenue growth and positive future outlook. Despite a decline in gross profit margin (GPM) in FY24 due to pricing competition, the company achieved a 15% year-over-year revenue increase, driven by significant growth in new energy, automated and connected vehicles, and body control segments.
Looking ahead to FY25, management is optimistic about revenue prospects and expects a stabilization in GPM. The company is poised to benefit from trends in new energy vehicles and smart driving, along with overseas expansion. Furthermore, anticipated project wins and margin recovery are seen as catalysts for future growth, supporting the Buy rating with a target price of HK$2.34.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue