The Zhitong Finance App learned that J.P. Morgan Chase released a research report stating that it will re-cover Ruisheng Technology (02018) and give it an “increase” rating. The target price is HK$58, and the company's profit for each year from 2026 to 2028 is expected to increase 16%, 21%, and 15%, respectively.

The bank expects that the upgraded consumer electronics specifications and the increase in Ruisheng Technology's market share will support the steady growth of its core business. Starting in the second half of 2026, mass production of high-value cooling projects can bring incremental revenue to the company. At the same time, expanding edge AI equipment and server cooling products will also provide additional growth opportunities and gradually increase profit contributions from 2027 to 2028.

The bank believes that market concerns about weak demand for smartphones and pressure on camera module shipments and profit margins have been broadly reflected in stock prices, and that product portfolio improvements should help increase profitability, support the acceleration of profits in 2027, and drive valuation revaluation.

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