Broker│ Rating│ TP
JPMorgan│ Overweight│$24
Goldman Sachs│ Buy│$22.6
Citi│ Buy│$21.9-> $22.4
Daiwa│ Outperform│$21-> $21.5
Morgan Stanley│ Overweight│$20
Nomura│ Neutral│$17
Broker│ Opinion
JPMorgan│1Q24 core results were strong with solid growth in smartphone and IoT markets
Goldman Sachs│ 1Q24 results beat expectations, with rising IoT revenue and smartphone gross profit margin
Citi│ On-track smartphone shipments will boost EV shipments in 2024-2026
Daiwa│ Sales and earnings growth are expected to get on the right track this year, and the strong momentum will be sustained by the increase in EV delivery target
Morgan Stanley│ Smartphone and IoT market shares continued to grow, while EV order growth is expected to contribute to revenue and gross profit in the coming quarters
Nomura│ EV shipment target rose to 120,000 units, beating expectations, while smartphone market continued to outperform the world
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-24 16:25.)
