Citi expects that the market will not begin to pay attention to Ruisheng Technology's mid-term results and new product cycle until the second quarter.
The Zhitong Finance App learned that Citi released a research report saying that maintaining Ruisheng Technology's (02018) “buy” rating, the target price was raised from HK$22 to HK$25, taking into account the one-time impact and positive profit prospects in 2024. It is expected that the market will not begin to pay attention to mid-term results and the new product cycle until the second quarter.
According to the report, the company is expected to announce results at the end of March, and investors are expected to pay more attention to the 2024 fiscal year outlook. The bank believes that management's comments on new projects and profit prospects may become the focus of the performance conference call. Ruisheng completed the transaction to acquire Premium Sound Solutions earlier, and investors are expected to respond positively.