Q Technology (Group) Co Ltd Shs Reg S

01478: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HK$3.90	Grml	Pqrgwyls

Q Technology: Profit Alert for the First Half of 2024 Is Expected

Phelix Lee

Jul 12, 2024

Q Technology, or Q-Tech, unveiled its first half of 2024 net profit to increase 4 to 5 times year on year to CNY 119 million, or CNY 0.10 per share at the midpoint. This is on track to our full-year net profit and EPS forecasts of CNY 321 million and CNY 0.27, respectively. Shares have surged over 20% after the news and trade at a modest 12% discount to our HKD 5.70 fair value estimate. We intend to update our forecasts after Q-Tech announces first-half results in late August.

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