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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
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.