Citi: Initial "Buy" rating for Great Wall Electronics (01415.HK), target price of 44 Hong Kong dollars.

date
04/08/2025
According to the Intelligence Finance APP, JPMorgan Chase released a research report stating that as over 90% of the revenue of Cowell eXim (01415.HK) comes from its partnership with Apple. JPMorgan predicts that even if global iPhone sales growth slows down, Cowell eXim will still benefit from market expansion brought by the upgrade of camera module specifications. Due to the significant increase in iPhone rear camera module (CCM) market share, they initiated coverage on the group with an "overweight" rating and set a target price of HK$44.