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Dongguan Securities gives GigaDevice a buy rating

2024-08-22

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Meijing AI News,Dongguan Securities released a research report on August 21, giving GigaDevice (603986.SH, latest price: 73.65 yuan) a buy rating. The reasons for the rating mainly include: 1) Event: The company released its 2024 semi-annual report; 2) Downstream demand rebounded, and the company's performance in the first half of 2024 achieved a substantial increase; 3) During the reporting period, the company's multiple businesses progressed smoothly and the product structure continued to upgrade; 4) The company's actual controller proposed to repurchase shares, demonstrating confidence in future sustainable development. Risk warning: Risk of downstream demand recovery not meeting expectations, risk of product development not meeting expectations.

AI comment: GigaDevice has received attention from 7 brokerage research reports in the past month, with 5 purchases and 1 increase in holdings. The average target price is 101.5 yuan, which is 27.85 yuan higher than the latest price of 73.65 yuan. The average target price has increased by 37.81%.

Every headline (nbdtoutiao)——

(Reporter Wang Xiaobo)

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