[ET Net News Agency, 18 January 2021] Nomura lifted its target price for Q Technology
(01478) to HK$16 from HK$14 and maintained its "buy" rating.
With a better than expected handset CCM (CMOS camera module) ASP decline magnitude in 2H
2020 along with improving GPM from a low base in 1H 2020, the research house raised 2020
and 2021 earnings by 11% and 17%.
Nomura now expects Q Tech's handset CCM GPM may reach around 9%, from its earlier
expectation of 8%. Management indicated that the company's major focus for 2021 would be
product mix improvement and market share gains. It also believes that Q Tech still has
room for market share improvement from Samsung and Xiaomi (01810). (KL)