According to a research report published by Citigroup, Ruisheng Technology is expected to announce its results at the end of March. The market generally expects its performance to be mediocre. I believe investors will 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. Investors are expected to respond positively, but the catalyst is limited, and it is believed that the stock price may fluctuate as supply chain sentiment changes. Taking into account the one-time impact and positive profit prospects for 2024, Citi raised Ruisheng's target price from HK$22 to HK$25 to maintain a “buy” rating. 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.
大行评级|花旗:上调瑞声科技目标价至25港元 维持“买入”评级
Big Bank Rating | Citibank: Raising Ruisheng Technology's Target Price to HK$25 to Maintain “Buy” Rating
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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