Target price on Largan shares raised to NT$6,180

Focus Taiwan
Date: 2017/04/22
By: Jeffery Wu, Han Ting-ting and Frances Huang

Taipei, April 22 (CNA) A European brokerage has raised its target price on shares of

(CNA file photo)

Taiwan-based smartphone camera lens supplier Largan Precision Co. (大立光) to NT$6,180 (US$203) because of the technology edge Largan has on its competitors.

In a research note, the European brokerage said Largan’s advanced production technology and design ability will enable the company to ask for higher product prices and send its gross margin higher.

Because of that optimism, the brokerage raised its target price for Largan from the previous NT$4,950 to NT$6,180, the highest among foreign brokerages that follow the stock, and maintained a “buy” rating.

CNA cannot identify the brokerage because media outlets in Taiwan are not allowed to report the name of a foreign brokerage when it gives price forecasts for specific stocks.

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.