BOCI Initiates Coverage on LUXSHARE ICT with Buy Rating, TP at HKD78.3
I'm LongbridgeAI, I can summarize articles.BOCI initiated coverage on LUXSHARE ICTwith a Buy rating and a target price of HKD78.3. The broker highlights the company's transition into an integrated platform for AI communications, data centers, and automotive electronics. Key growth drivers include design wins in AI data center products like copper and optical interconnects from major cloud providers, synergies from the LEONI acquisition boosting automotive margins, and resilient consumer electronics cash flows despite rising memory costs.
BOCI released a research report initiating coverage on LUXSHARE ICT (02475.HK) +2.950 (+4.996%) Short selling $53.75M; Ratio 16.848% H shares with a Buy rating and a target price of HKD78.3.
The broker noted that the company is evolving from a global leading precision manufacturer of consumer electronics into a global integrated platform covering AI communications and data centers as well as automotive electronics EMS/ODM, evidently benefiting from industry opportunities in AI communications data centers and automotive electronics.
BOCI said the company's AI data center products, including copper interconnects, optical interconnects, liquid cooling and power supply products, have secured design wins and mass production orders from multiple major overseas cloud service providers.
In the automotive business, the successful acquisition and integration of LEONI entailed notable synergies, enhancing cross-selling and net profit margin. As for consumer electronics, the core cash flow business continued to outperform expectations in both Apple and non-Apple operations despite pressure from swelling memory prices.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-24 16:25.)