In a report released today, Alex NG from CMB International Securities maintained a Buy rating on TK Group (Holdings) Ltd. (2283 – Research Report), with a price target of HK$2.78.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Alex NG has given his Buy rating due to a combination of factors including TK Group’s strong financial performance and promising future prospects. The company’s revenue and net profit growth for FY24 are in line with expectations, driven by a recovery in consumer electronics demand and improved operational efficiency. Additionally, the management’s positive outlook for 2025, with a focus on smart wearables and AI glasses, supports the Buy rating.
Furthermore, the announcement of a special dividend and a high payout ratio enhances the stock’s attractiveness. The company’s plans for overseas expansion and a robust order backlog further contribute to the positive sentiment. The revised target price reflects a more optimistic outlook and aligns with the historical average P/E, making the stock an appealing investment opportunity.
NG covers the Technology sector, focusing on stocks such as Xiaomi, AAC Technologies Holdings, and BYD Electronic (International) Co. According to TipRanks, NG has an average return of 65.0% and a 79.17% success rate on recommended stocks.
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue