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Xiaomo: The target price of Shenghong Technology (02476) reached HK$500, and the market overreacted to short-term headwinds
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The Zhitong Finance App learned that J.P. Morgan Chase released a research report saying that the key to determining Shenghong Technology (02476)'s market share in the next two to three years is high-quality production capacity. It is believed that investors have recently paid too much attention to uncertainties and overreacted to short-term headwinds. Komo lowered Shenghong Technology's earnings estimates for the 2026-28 fiscal year by 5 to 13% to reflect the potential impact of mass production of this year's PCB project slightly later than expected and the delayed launch of Kyber. The bank lowered the target price of Shenghong Technology's H shares from HK$600 to HK$500, reaffirming the “Overweight” rating.

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