01478 Should I Buy

The analyst rating for Q TECH (01478.HK) is maintained at "Buy" due to several positive factors highlighted in the CMBI research report. The company reported significant year-over-year revenue and net profit growth of 29% and 435%, respectively, primarily driven by a substantial 171% increase in non-handset camera module revenue and a 20% rise in the average selling price of handset camera modules. Additionally, gains from the sale of its Indian business and operational improvements at Newmax Technology contributed to this positive performance. Looking ahead, the broker has a favorable outlook for 2026, expecting a 5% increase in handset camera module sales, supported by higher overseas market share and upgrades in India's output and specifications. The current valuation of the company is considered attractive, prompting the broker to raise its target price from $13.18 to $13.39.