Analyst Alex NG of CMB International Securities reiterated a Buy rating on Q Technology (Group) Co, with a price target of HK$13.21.
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Alex NG has given his Buy rating due to a combination of factors including Q Technology’s impressive financial performance and promising future outlook. The company preannounced a significant net profit growth for the first half of 2025, exceeding market expectations by 20%, which highlights its strong operational capabilities. The management attributes this success to upgrades in specifications, a favorable revenue mix, and improved gross profit margins driven by higher unit transfer rates and average selling price increases.
Looking ahead, Alex NG is optimistic about Q Technology’s growth prospects in the second half of 2025, particularly in high-end smartphone camera modules and non-mobile camera module markets like IoT and automotive sectors. The company’s strategic focus on high-margin products and technological advancements in fingerprint modules further supports this positive outlook. Additionally, the raised earnings per share estimates for 2025 to 2027, which are significantly above consensus, coupled with a revised target price based on a higher price-to-earnings ratio, reinforce the Buy recommendation.
According to TipRanks, NG is a 5-star analyst with an average return of 44.4% and a 71.26% success rate. NG covers the Technology sector, focusing on stocks such as Xiaomi, BYD Electronic (International) Co, and BOE Varitronix.