China's Fortior 9M revenue rises on industrial, automotive demand

Overview

• China electronics maker's nine-month revenue rose 51% yr/yr

• Net income attributable to equity holders grew 70% yr/yr

Outlook

• Company did not provide specific financial guidance for future quarters or full-year outlook in the press release

Result Drivers

• INDUSTRIAL AND AUTOMOTIVE EXPANSION – R&D investment, wider market channels and deeper traditional-product penetration drove industrial and automotive revenue growth

Company press release: Full Story

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the semiconductors peer group is "buy"

• Wall Street's median 12-month price target for Fortior Technology (Shenzhen) Co Ltd is HK$149.00, about 17.2% above its October 28 closing price of HK$127.10

Reuters Recommended Reads

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)