Equity Analysis /
Hong Kong

HK : Q Technology - Gaining orders from Samsung/Xiaomi

    Ray Kwok
    Ray Kwok

    Technology Analyst

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    CGS-CIMB
    18 January 2021
    Published byCGS-CIMB

    Q Tech expects Rmb795m-868m FY20F net profit, up c.40-60% yoy; the mid-point of 50% growth is c.12% above our forecast. Rising output of sophisticated products to lead HCM segment growth. Reiterate Add, TP raise to HK$21.05 on c.19%/21% FY21F/22F EPS hike.