Lates News

J.P. Morgan issued a research report stating that the management of GoerTek provided a positive outlook on the gross profit margin for the second half of the year at an analyst meeting, expecting it to be driven by increased production of new high-end products and continued improvement in the optical business. The revenue outlook for the second half of the year also exceeded market expectations, benefiting from significant growth in new businesses such as thermal conductivity and automotive acoustics, as well as upgrades to existing product specifications. The bank holds a positive view on the company's solid prospects and sees more new opportunities in artificial intelligence, robotics, and automotive industries in the long run. The target price has been raised from HK$60 to HK$65 and the "neutral" rating is maintained.