Nomura lowered its target price for Q Technology (01478) to HK$11.3 from HK$12.8 and maintained its "neutral" rating.
The research house cut its earnings forecasts for Q Tech by 9-12% for 2020-21, as the escalated US ban on Huawei and the deterioration of the under-display fingerprint (UDFP) trend will weigh on the company's earnings growth.
Nomura thinks Q Tech to become more cautious despite its potential healthy profit growth momentum in 1H, as optical de-spec momentum could be seen from 2H.
全新節目《說說心理話》青少年不可以戀愛！？真實個案講述驚心動魄經歷► 即睇
