[ET Net News Agency, 16 December 2020] Nomura raised its target price for Q Technology
(01478) to HK$14 from HK$12 and maintained its "buy" rating.
On 15 December, Q Tech announced its intent to potentially spin-off and separately list
Kunshan QT China on the Shenzhen Stock Exchange or Shanghai Stock Exchange in China.
Management indicated that it aims to finalize the process by end-2021F. Considering Q
Tech's CCM business could comprise nearly 88% of 2021F net profit, based on assumptions,
the research house thinks this will drive some re-rate effect to Q Tech's valuation in the
Hong Kong market. (RC)