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Nomura: COWELL May Lift Apple CCM Mkt Shrs; TP Raised to HKD32.2
2025-07-04 10:13:41
Nomura released a research report predicting that COWELL (01415.HK) will see a 34% YoY increment in revenue to USD3.34 billion by 2025, on the back of the company's full-year contribution from two handset rear CCMs [compact camera modules] (a periscope CCM and a new ultra-wide CCM), for which the company increased production since 2H24; and its increased market share in the two rear CCMs from 30-35% in 2H24 to 35-40% in 2025E.

The broker kept a Buy rating on COWELL, raising the target price from HKD29.24 to HKD32.2.
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