Luxshare Precision Industry Co Ltd Class A
002475: XSHE (CHN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥51.00 | Hmwv | Jfkvdfrc |
Luxshare Precision Still Undervalued Even If It Doesn't Reach Its 30% Growth Target; Keep FVE
We retain our CNY 47 fair value estimate on no-moat Luxshare before the firm reports full-year 2022 results and first-quarter 2023 results in late April. The company is undervalued, in our view, as it executes well on winning more Apple-related orders and proceeds to devote more effort to automotive and communications products. A possible catalyst is Apple’s highly anticipated augmented reality headset garnering favorable reviews and preorders in 2023.