Earnings GrowthAnalyst maintains a BUY on solid 183%/23% earnings growth in FY24/25F, with the price target raised to HKD43.0.
Optics Performance And Market RecoveryAn optics GPM turnaround is expected in the second half of FY24, driven by market recovery, specification upgrades, and WLG ramp-up.
Product Expansion And Market ShareThe company has demonstrated its ability to expand into new verticals, moving from Acoustics, to Electromagnetic Drives & Precision Mechanics, to Optics, and MEMS.