By: Jeffery Wu, Han Ting-ting and Frances Huang
Taipei, April 22 (CNA) A European brokerage has raised its target price on shares of
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.