Reported 8 months ago
Provided by GuoPiao Futures, Huang Yanhong reported on June 23, 2024, at 4:10 PM: Yujingguang (3406) mentioned at the shareholders' meeting that a new model has started to drive sales, and the third quarter is expected to be the peak operating season for the year with better performance expected in the fourth quarter compared to the previous year. The operations in the second half of the year are expected to outperform the first half, and with more orders secured this year, the total revenue is expected to surpass last year's. Technically, Yujingguang Futures has been trending along the 5-day moving average recently with a bullish pattern, although some indicators have entered overbought conditions signaling a potential pullback in the short term. However, given the current bullish trend in the market and relatively low P/E ratios of individual stocks, there are prospects for further highs in the future. Investors are advised to watch the key support level of the monthly moving average and consider the steady market pattern amidst fluctuations. Observing Yujingguang's first-quarter revenue, increased market share from Apple and contributions from high-end Chinese smartphone recoveries and MR products are noted, leading to revenue growth despite the usual off-season. Factors such as the proportion of new/old products and shipping time differences, in addition to the learning curve for new product yields, are expected to affect the gross profit margin performance for the year. However, with potential contributions from periscopic lenses in 2024 and sales of MR products, along with the long-term trend of smartphone lens upgrades, the annual revenue projection still expects a growth of 33.1%. Moreover, Asia Pacific Telecom's new endeavor, Far EasTone's satellite communication components order, Sheng Da's earnings per share of 0.34 yuan in November, and the potential use of nuclear power plant lands highlight the business dynamics in the market.
Source: YAHOO