Goldman Sachs: Initial rating for Huaqin Co., Ltd. (03296) is "Buy", with a target price of 127.76 Hong Kong dollars.
The bank expects that the revenue compound annual growth rate of Huaqin Technology will reach 32% from 2025 to 2027.
Goldman Sachs released a research report stating that Huaqin Co., Ltd. (03296) is a global leading consumer electronics product original design manufacturer based on shipments in 2024. It is predicted that its growth will be driven by the continuous growth of AI data centers and traditional businesses. The company is first covered by the firm with a "buy" rating, with a target price of HK$127.76.
The firm predicts that Huaqin Co., Ltd.'s revenue compound annual growth rate from 2025 to 2027 will reach 32%, mainly supported by the company's end-to-end R&D capabilities in hardware, software, mechanical engineering, operational efficiency, supply chain management, and advanced production. The upgrade of the product portfolio is also expected to improve gross margins.
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