According to the research report released by CMBI, for the first time covering Beiweimicro (02149), a "buy" rating was given with a target price of HKD 49.8. The bank expects that the group's revenue will increase by 40% YoY in 2024, far higher than the industry average revenue growth rate of 1.6%.

The bank is bullish on Beiweimicro because of its three major differentiated advantages that give the company a unique position in the market. The company's revenue growth is strong and its profit margin is stable. The gross margin and net margin are expected to maintain levels of 54% and 23%, respectively, in 2024/25. The bank believes that the company's valuation is attractive.